I've got 300 units, originally purchased in what feels like a million years ago. If you look at it on a strict cost basis, I'm down 40%. However, that includes the cost of reinvestment from the distribution, which I suppose I didn't "pay" for in the strictest sense. I don't think I outright bought more than half of those units. That's where the real win used to be, in the distribution. Now that it has been cut in half, not so much.
Jeff - Advocate of Great Great Tunnels™ - Co-Publisher - PointBuzz - CoasterBuzz - Blog - Music
I bought some last October when the market started to slide. Plan on buying more, I am in it for the long haul baby, no day trading here.
Shoot the rapids, tame and dry. Thunder Canyon, wet and laughter. Snake River Falls, soaked and smiling. White Water Landing and the old shoot the rapids, Fun and missed.
I think buying individual stocks right now is colossally stupid unless you're planning to watch them all very carefully.
Jeff - Advocate of Great Great Tunnels™ - Co-Publisher - PointBuzz - CoasterBuzz - Blog - Music
I might be stupid, but I know someone that back Disney Stock when it was first available to the public for a very low price and kept it for a couple of decades that investment gave him the downpayment on their house. The stock market is a gamble no matter how you look at it, but my plan is buy to a few stocks here and there, based on what I like and what advsiors suggest and if the companies make it, which some will and some won't, then hand them off to my kids to do what they wish, when they are 25. I am not saying I am going to make them rich, but my daughter chose this stock, so I bought it for her and I.
Shoot the rapids, tame and dry. Thunder Canyon, wet and laughter. Snake River Falls, soaked and smiling. White Water Landing and the old shoot the rapids, Fun and missed.
Ugh, the stock market. I was ready to scoop up mass quantities of Ford stock when it was at about $1 a share...I started to make a Scottrade account that day, but I was so busy with online sales that it got pushed aside and forgotten about.
I'm just depressed looking at it today...one of the biggest mistakes in awhile. I would have been very, very happy right now, but hindsight is 20/20. Sigh...
I use TD Ameritrade, I really like them a lot. I set up a checking account with them and I have 25% of my paycheck deposited into it. When the price of units drop I picked up quite a bit of units of FUN I now have close to 500 units.
Welcome back riders, How Was Your Ride!
Official Unit Holder Of Cedar Fair Entertainment.
www.riderenegades.webs.com
You bought that much outright? That wasn't a very good idea.
Jeff - Advocate of Great Great Tunnels™ - Co-Publisher - PointBuzz - CoasterBuzz - Blog - Music
Jeff said:
You bought that much outright? That wasn't a very good idea.
No I didn't buy all 475 shares at the same time....I bought 75 more! I am in it for the long haul, I am sure things will balance out!
Welcome back riders, How Was Your Ride!
Official Unit Holder Of Cedar Fair Entertainment.
www.riderenegades.webs.com
Sure why? Because you like the company?
Jeff - Advocate of Great Great Tunnels™ - Co-Publisher - PointBuzz - CoasterBuzz - Blog - Music
Jeff said:
Sure why? Because you like the company?
If you look over the history of the company it has been very strong. They have a great vision and I totally believe in Dick Kinsel!
Welcome back riders, How Was Your Ride!
Official Unit Holder Of Cedar Fair Entertainment.
www.riderenegades.webs.com
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