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Read Millionaire Fastlane - Now feeling extremely guilty being invested in stocks

Discussion in 'Investing/Trading/Cryptocurrency/Altcoins' started by PJ Pahygiannis, Mar 22, 2018.

  1. PJ Pahygiannis
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    PJ Pahygiannis Contributor

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    I'm 22 and have built my most successful business to date. It has margins above 80% and generates a lot of excess cash that is just kind of piling up. I've made about $30k and have about $6k of that invested in stocks. I've plowed all of that money into my portfolio literally in less than a two month time period. I don't trade. I buy and hold undervalued stocks. BUT, now I feel extremely guilty and kind of sick to my stomach for holding stocks. I'm conflicted though. I've always loved investing. I've read every book about Buffett and Munger there is. I do well at it, but it really has dawned on me it is the slow lane route. I'm tempted to just hit the sell button and sell my whole portfolio.....
     
  2. jon.a
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    jon.a Legendary Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

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    6K isn't very much. 6K isn't very much of your total. Don't make something that is not a problem a problem.
     
  3. MJ DeMarco
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    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    Neither of which got rich because they invested in stocks like the average Joe retail investor.
     
  4. OlivierMo
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    OlivierMo Contributor Speedway Pass

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    Keep it there. It's not a huge amount and you're young. I regret selling in 2008 all my stocks (apple, netflix, adobe, and the likes) b/c I'd be loaded right now and it would be a lot of cash available to buy a house cash. It's not black and white
     
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  5. MJ DeMarco
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    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    Nothing wrong with holding stocks -- they're ownership in companies. We're all for that here at Fastlane right?

    The problem is the thinking that one of these stocks will make you rich if you just patiently wait 50 years.

    The means will never justify the ends.

    Waiting 6 hours for a lifeboat on a Titanic that has 3 hours before it sinks is not wise.
     
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  6. LeoistheSun
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    LeoistheSun Silver Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    I would venture a guess to say that owning equity before an IPO is different?
     

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