Feeling depressed after taking profit from stock investing
By scheng1
@scheng1 (24650)
Singapore
August 5, 2016 8:25am CST
I put up the sell order last night before bedtime.
It was filled just 5 minutes after the stock market opened.
This particular stock was a cash cow for the past 18 months that I had held it. It kept on paying out dividends, and announced capital reduction that translated to great gains.
In fact, my total profit exceeded 50% even after deducting the transaction cost. A dollar becomes a dollar and fifty cents after 18 months.
Now, I am in a depressed mood.
The problem is not that the profit is not good enough. The problem is that I cannot find another company that is half as good, or even a quarter as good.
I have a few companies in my watch list, but the price is not right. I am not willing to pay a higher price that my calculation warrants.
Hopefully there will be a major financial crisis to bring down the share price. The bad effect of Brexit does not last long enough to send the price down.
3 people like this
4 responses
@crossbones27 (48417)
• Mojave, California
5 Aug 16
To be honest and no offense at the same time.Not sure how anyone can feel good off that. I get people making a lot of money, but it is so fake. If I were to win would never look back either.
1 person likes this
@scheng1 (24650)
• Singapore
5 Aug 16
It is not fake. I have done a lot of homework to find great companies.
For the past hour, I had read the financial results of many different companies, and based on that, I computed a share price that I wanted to pay.
After that, I checked to see the closing price today, and all the traded prices were way too high.
I think it will be a long wait for the price to get to a reasonable level.
In the meantime, the money will just sit in bank earning less than 0.1 percent interest.
1 person likes this
@crossbones27 (48417)
• Mojave, California
5 Aug 16
@scheng1 Fair enough, meant it was fake in regard of what it actually contributes to society. Farmers and what not. Gambling money that is for banks not common folk. My point is you risked it so if you win you deserved what you win because most just cannot stomach such a thing.
1 person likes this
@scheng1 (24650)
• Singapore
5 Aug 16
@crossbones27 It is not gambling, and it is not a risk.
Those companies needed money in the first place, and getting listed in the stock market is a way for them to get money without a lot of risks.
At least shareholders cannot sue the company and make it bankrupt.
Banks can do that, their suppliers can do that, so borrowing money from banks is a riskier option than getting from investors.
If investors do not invest, then those companies cannot expand or use the money to pay off bank loan.
1 person likes this
@scheng1 (24650)
• Singapore
6 Aug 16
In life, we have to focus on something.
When we work, it is best that we work on a single job, and become very good at it. This is the best way to make a living.
Since I know stock investing best, and nothing about property investment or starting a business or whatever, I have to stick to what I know best, and which has made money for me for many years.
