RE:Whognu1 is the best talent on this boardcatchascatchcan wrote: Thanks for the consistent sane posts, that invariably, have proven to be highly accurate. I am 41 and have seen some things come to pass in the markets that have tested my resolve. I've learned much, but always find your posts enlightening. You have an ability to focus on the important and appear to be able to disconnect from the emotional side of investing which is rare. I personally learned an expensive, and valuable lesson very early on. I was 25, newly married, and was riding high on early wins in uranium plays and micro oil/gas stocks, and of course had decided that making money in the market was easy, and that I was the second coming of christ, and would be retired by 30. I subsequently lost almost all of my nest egg - $50K, and had to tell my new wife that I'd effectively been washed out by what I later realized to be gambling. It was humbling, but without a doubt the best things that's ever happend to me. That lesson along with many others, has allowed to me build a diversified portfoilio to the tune of $2-3M. I am still a risk-on investor, but I have learned to play that to my advantage and better measure and balance risk. With XBC I have moved from a $400K paper gain, to a $100K paper loss. Admittedly I still have much to learn about discipline, and I can safely say that I wish I had better followed the very sane advice of Whognu. So long story, but short message - thanks to those whose contributions preach lessons learned, and we are never finished our education. GLTA
thanks mom..........
on a funny note tho; what you describe is my EXACT journey up till several (10) years ago
maybe that's what we all do; call it the invincibility of youth
yup, rare earths, 3d printing, uranium, pot etc etc etc.........these fads (say like the current greenwashing of everything) are fun to get in early, ride the euphoria, sell and then circle back to pick up the survivors
in the case of renewables, there is lttle doubt that this theme will last for many, many years and technology (s) will be the key
yet, i have made some nice $$ from good old oil/gas - because as we all knew "we can't get there from here" (to 100% EV by next tuesday)
probably the 2 biggest suggestions i would pass along to newer investors would be simply watch your position size and as importantly, things are never as bad as they look nor as good as they seem.........
good luck, and thanks for the kind words
ps. FYI i said in a recent reply to KB that i would consider a buy at $3.50 once some more water had passed under the bridge..........somehow it was changed to $2.50
ps2 still think xbc has good mgmt and good tech and look fwd to taking a position