I learnt that its ok to admit that you made a mistake and get back together. You pay a little extra for your disloyalty but its a small price for easing regret in your mind.

Luckily enough, this is a lot easier to do with stocks than with girlfriends or wives. The stock doesn’t mind if you wander.

I bought again into Paypal at $291 for 90 shares. Total of about USD $26,200.

Had noticed through the ARK trading emails that they have been accumulating Paypal stock nearly every day for the past week. Decided that was sufficient due diligence and I bought an even bigger stake than what I had previously. The ARK emails are quite a decent way to get stock ideas, and you can sign up here for free.

I wanted to just buy a solid growth stock which I’m already familiar with. I got burnt out by the GME and AMC frenzy, and I wanted an investment that I could be relaxed about. Something that I can leave and forget. Paypal fits the bill.

I was also wrong about Paypal and Square falling due to Bitcoin, and I have been warming up to Bitcoin as an investment. When my idol Elon Musk buys in, its hard for me to keep calling it stupid. Many of the things I mentioned about it being worthless as a currency still feel valid, but Bitcoin has taken a life on its own and its evolving. It feels a little different from 2017. I may invest 1%-2% at the next dip. Not really proud of it though. Feeling like an old man who is being dragged kicking and screaming into using a new phone.

That’s it folks. Happy CNY !

4 thoughts on “[Premium] Back to being Pals

  1. Wishing you a Happy Chinese New Year and a great weekend! When into Bitcoin, do share where you buy it from and how you store it. Exchange risk, storage risk, counter-party risk are concerns I have. Alternatively, maybe better to just invest in companies that own Bitcoins – Tesla, MicroStrategy, banks & finance, etc.

    1. Thanks! Happy New year to you too. Your idea about owning stocks with bitcoin is a really good idea. Easier to do and safer. Might be doing that

  2. Happy CNY, bro,… when I read Tesla bought 1.5b worth of Bitcoins earlier this week,.. I told myself, it looks like there digital currencies could be the way for the future. But I did not buy directly into any cryptocurrency. I bought into #SI and #MOGO. There are many companies out there that can act as proxies to BTC investing, but I chose these two co’s to start with. MSTR has gone too high. I immediately bought into the above 2 companies on my last day of work before starting my CNY holidays,.. Hehe.

    CK

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