| If you had been given 100k to invest in one of the following which would you take? |
| FIT (FITBIT) |
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25% |
[ 1 ] |
| WTW (WEIGHT WATCHERS) |
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25% |
[ 1 ] |
| TWTR (TWTR) |
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50% |
[ 2 ] |
| FCAU |
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0% |
[ 0 ] |
| S (SPRINT) |
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0% |
[ 0 ] |
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| Total Votes : 4 |
oldguy
Senior Member
Cash: $ 751.85
Posts: 3656
Joined: 21 May 2006
Location: arizona
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LOL - None of the above, those are 5 sorry choices, How about Spyders (SPY)? Or leveraged Spyders (SSO).
On average, $100,000 in SPY grows to a million in 22 yrs. And $2M about 6.5 yrs later. And $4M 6.5 yrs after that. And so on.
If you're in a hurry, you can risk the $100k in the Ultra Spyders and hope for a quicker "first million", And then dial down the risk to a safer level and use SPY for a "double" about every 6.5 yrs. After you have the first million you can build more in relative safety (while protecting the first million).
I began using the SPY from the time it was invented (1993) - before that I used a generic mutual fund that tracked an index.
Rule of 72. Your money doubles when the "Years times Interest rate" = 72.
Eg, At 6% it takes 12 years. At 9% it takes 8 years. At 12% it takes 6 years.
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Thu Mar 03, 2016 2:54 pm |
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global
Full Member
Cash: $ 13.85
Posts: 64
Joined: 26 Jan 2016
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Fit Bit is an excellent option. Get it now while it is low, because it is undervalued. FitBit could be a disaster if it fails, but they are attempting to extend their reach globally so there is a lot of potential there.
I toyed with the idea of Twitter too as a matter of fact. Especially since I'm a user myself. I ended up not getting that though, because social media can be unpredictable and I just don't see Twitter taking initiative on something new and people get bored of things like that over time.
Since I got Fit Bit stock some time in March it went up 40%, but is now back down to only 7%. You can never predict the swings of the market in the short term. A bunch of my family members and friends own Fit Bits. I have a really good feeling about it.
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Mon Jun 06, 2016 2:59 am |
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global
Full Member
Cash: $ 13.85
Posts: 64
Joined: 26 Jan 2016
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I just followed you on Twitter by the way 
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Mon Jun 06, 2016 3:09 am |
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ken-do-nim
Full Member
Cash: $ 16.50
Posts: 81
Joined: 08 Sep 2016
Location: Mansfield, MA
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quote:
Originally posted by global
Fit Bit is an excellent option. Get it now while it is low, because it is undervalued. FitBit could be a disaster if it fails, but they are attempting to extend their reach globally so there is a lot of potential there.
I toyed with the idea of Twitter too as a matter of fact. Especially since I'm a user myself. I ended up not getting that though, because social media can be unpredictable and I just don't see Twitter taking initiative on something new and people get bored of things like that over time.
Since I got Fit Bit stock some time in March it went up 40%, but is now back down to only 7%. You can never predict the swings of the market in the short term. A bunch of my family members and friends own Fit Bits. I have a really good feeling about it.
I don't understand the appeal of a Fit Bit. My iPhone tracks all of my steps (and heartbeat rate, and other things.) Fit Bit to me feels like one of those groundbreaking technologies that will soon get supplanted by others. Kind of like NetFlix blazing the trail for streaming, but I think it will eventually get overtaken by networks directly streaming.
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Fri Sep 09, 2016 1:40 am |
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oldguy
Senior Member
Cash: $ 751.85
Posts: 3656
Joined: 21 May 2006
Location: arizona
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quote:
Since I got Fit Bit stock some time in March it went up 40%, but is now back down to only 7%. You can never predict the swings of the market in the short term.
Many companies have 'good product, bad stock' - and vice versa. The two are not well correlated. So don't hang your hat on 'good product' - there are way better ways to invest.
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Fri Sep 09, 2016 1:16 pm |
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