RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:More Games?
masfortuna wrote: .40 cents is 15%'ish. Not sure about you, but try walking in a bank and asking for a 15% interest rate on your savings account. I think a 15% TOTAL return on your portfolio annually on your portfolio would be an excellent return. Don't you?
Mas
You missed the entire point. Why are you using a 1 year example, did you not read my 5 and 10 year scenario?
First of all the price may never drop to $2.80 so you could be missing out on an uptrend while waiting. A long term investor should not concern himself with timing the markets but perhaps if you're a short term trader then that's a different story. One should focus more on the fundamentals of the company.
The car example you referenced doesn't apply here because a car is a depreciable asset. You're looking at it from a present day point of view but it's much more important to look at the quality of the company than rather the price entry point for your long position. If after 5 years it stays at $3 then your "rate of return" which is all that matters, will not be much of a difference if you buy at $2.80 vs $3.20.