Your best/worst stock investment
First, yes, I know that there are other boards out there that are dedicated to stock picks and investment strategies. I just thought it would be interesting/instructive to hear from some of our fellow TFPers about what they are holding now, how it has done for them, etc.
For mine: The best recent investment was a surprise. I bought some shares in an international shipping concern, Frontline, Ltd. (FRO) with the interest primarily in their dividend (16% at the time). I only bought into the stock ~ 6 months ago and it is up 76% as of today, plus it has paid its dividend twice, plus a special distribution dividend, plus spun off its finance portion into a new company which I now have shares in that are also up. My only regret is that when I first bought in, it wasn't for more money. If I were to sell out today, which I am not planning on, I would be up well over 100%.
The worst investment story for me was probably my investment in Qualcomm (QCOM). I don't know if anyone else remembers this stock story, but I was in fairly early and at one point was up over 600%. I did sell some of my shares near the high, so I don't feel all bad, but I should have sold them all. I just didn't want to liquidate a big winner completely out of my portfolio. Now the shares are down 54% for me. I am still holding them as I still believe in the company, but it may take a couple of years for me to reach break even.
Now you...
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You do not really understand something unless you can explain it to your grandmother.
- Albert Einstein
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