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FormerXBC Inc XEBEQ

Industrials
Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification, associated gas, engineering services, and air dryers. The company's geographical segments are United States, Canada, China, Other, Korea, Italy, and France.


GREY:XEBEQ - Post by User

FormerXBC Inc > How I went from Riches to Rags
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Comment by ZouZS3on Feb 03, 2022 6:50pm
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Post# 34395343

RE:How I went from Riches to Rags

RE:How I went from Riches to Rags
RichesToRagz wrote: In January/February 2021 I was a multi-millionaire with large positions in high growth stocks like Xebec, AcuityAds, GoodFood, CloudMD, Skylight Health, Teledoc, Plug Power, Ballard etc. etc. Although I was "diversified" with about 30 different stocks across different sectors, I was anything but diversified, since I was invested entirely in growth stocks, with no value stocks to balance things out, and no bonds. 

Fast forward to today I'm effectively broke. My entire net worth has been put in these high growth stocks. I'm a relatively early retiree with no cash flow, and no dividend stocks. In order to get cash I have to raid my growth stocks which are extremely deep in the red. 

Let this be a lesson to everyone. Learn from my mistakes and be a more conversative investor. Diversify your holdings. Balance growth stocks with value stocks. Buy dividend paying stocks. 

Thank you for reading. Feel free to criticize my poor investing skills and my precarious financial position, I deserve it.  


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