BITCOIN RUSSIAN ROULETTE

BitcoinWhen you go to the casino hopefully you know that the odds are against you…. if you stay to long. The bitcoin price movement has just shown that this stays true via the recent phenomena of crypto currencies. It’s always easy to say who won once the ball on the roulette stops on a specific color and number. People who bought bitcoin at 20 000 $ a piece are probably watching its price every minute of the day. What nobody will tell you is that those who sold it at that price are probably enjoying a cocktail at the beach at your expense.

THERE IS NOT ENOUGH EXAMPLES TO PUT THE EMPHASIS ON THE FOLLOWING MANTRA:

RISK MANAGEMENT IS PARAMOUNT IF YOU ARE TO GROW AND PROSPER.

IF YOU LIKE GAMBLING JUST GO TO THE CASINO.

T

 

MY 2017 recap

2017 has been quite amazing for me in terms of total return I can’t complain:

  1. another 20% + total return on my portfolio
  2. getting closer to being mortgage free 🙂
  3. initiated position in Visa & MasterCard, Church & Dwight stock. After cashing some capital gain on Verizon stock and liquidating my General electric position.
  4. started to read Poor Charlie’s almanack as in Charlie Munger …. Warren buffet partner.

 

be well & get wealthy. Remember time is the most valuable asset, don’t waste your money on crap that don’t produce any income.

T

General Electric my worst investment ever

Yes it happens even when you think you have done your homework. Financials looked good when I got into the stock a few years back. I thought the conglomerate had some narrow moat attached to it which would be good enough to sustain good business growth. I was wrong, I had to sell all my stocks yesterday swallowing around 1200$ of capital loss. This event is just another reminder that forecasting earnings and profitability is not a science. It also shows how much competent and strong Management can make the difference. For all I know if I had chosen GE competitor Honeywell I would feel much better today. As you can see on the graph below…. one of those woulda coulda shoulda moments 🙂

 

 

GE VS HON1

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