Quote:
Originally Posted by KGB
I guess we were wrong on this one pal! Closed at $267 for a week today… Huge interest and opportunities in AI… Should’ve bought back in December….at $140…Damn!
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Hind sight is perfect. Over the years there are a ton of stocks I have missed out on. Never made any money in Crypto, Shopify, Bombardier, Air Canada, Blackberry, Cannabis stocks and a raft of others, but I have also never lost any money on those stocks either.
In this case Nividia did great and went up double, however its large competitor Intel, went from $70 to $29 in the same period so dropped in half. I am not good enough to tell which chip maker will be the winner in any given year so I don't buy Chip stocks.
Like I have said before, you can get rich investing, but not by swinging at the fences and gambling on 10 baggers. I NEVER buy stocks that pay no dividend, stocks that trade at high P/E ratios, Nividia trades at a PE of 113, which means it takes 113 years of their earnings to match this stock price, or after 20 years still make no money, like Shopify, are not in stable industries that have good long term viability, and the Tech world is constantly being upended by innovations. I also don't buy companies with Byzantine structures like the Brookfield Group of Companie or any industry that I cannot completely understand.
Nividia
Previous Close 271.91
Open 270.31
Bid 267.70 x 1400
Ask 267.71 x 800
Day's Range 263.55 - 271.67
52 Week Range 108.13 - 289.46
Volume 45,541,407
Avg. Volume 50,297,757
Market Cap 667.333B
Beta (5Y Monthly) 1.76
PE Ratio (TTM) 113.95
EPS (TTM) 2.35
Earnings Date May 24, 2023
Forward Dividend & Yield 0.16 (0.06%)
Ex-Dividend Date Mar 07, 2023
1y Target Est 267.83.
I stick to Banks, Utilities, Pipelines, Communication etc. They are dominated by large companies, they are Oligopolies, well run, long track records and pay significant dividends at least quarterly. It takes a long time for the share price to double, but earning 7 to 4% dividend means even if the share price never moves and the dividend stays flat, I double my money every 10 to 18 years. That said, all of these companies increase the dividend annually so it doesn't actually take 7 to 18 years to double your money just through the dividends and share usually..
I would love the have a crystal ball, but since I don't I have to stick to the slow but safe way to invest.