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 !