RE:RE:RE:Looks trendy Oh I see
Great and nice to know.
Yeah one of the smartest "investing and tax avoidance" moves one can make is putting Hiti stock in your TFSA and just letting it ride. You do not want to be putting a safe and reliable blue chip dividend paying stock in your TFSA. That is insane to do so. You need to put a good solid growth stock in there that has the ability to compound your investment by multiples of its current price or average cost of your investment. As most investors here I assume bought under $1 pre split price you can just envision the windfall "when" it comes. Not if but when. That's right.
Hiti has all the traits an explosive growth stock in its infancy right now to produce the monster gains one wants to see for a stock held in a TFSA. Too many people I see and talk to hold pathetic garbage in a TFSA including GIC's I am sure if you talk to enough people. Pretty sad. Too many people have no idea about it knowledge about investing and just rely on old fashioned bankers and other less than stellar financial advise that may be more beneficial for the institutions than the clients themselves. It is a shame they don't teach investing and financial independence more in the education system these days. I guess it is deliberately done this way in order to prevent the average Joe from reaching early retirement at the expense of the bankers and financial planners. Why do we need them if we can think and invest on our own???
I hold Hiti in both my TFSA and open account too. I held a good chunk of shares (70k) pre split and kept buying during the first week of Nasdaq listing when the price was beaten down deliberately to shake the weak hands and newbies and inexperienced from their shares. That was total manipulation and nothing more.
For those who sold their shares then you have my condolences. You are speculators and nothing more.
For those who held on or even bought more on the pullback since Nasdaq listing then I congratulate you. My guess is you are investors and have done your research and followed Raj and the company closely and have kept up to the many videos and other public news and commentary on the company.
What will happen on Monday regarding earnings release? I have absolutely no idea. Do I care? Probably not. Whatever numbers turn up is just a snapshot of the previous quarterly results of how the company performed.
That chapter then is closed out and we focus on the next quarter and the anticipation of what to expect there.
One thing I will do though is use my excessive surplus cash to deploy into additional Hiti shares if we get any significant pullback in price for whatever reason. Always keep dry powder handy to take advantage of golden opportunities.
The smart investors (Warren Buffet, Charlie Munger, Peter Lynch, John Templeton, etc etc) have made their fortunes off the weak hands. You don't need to be the smartest guy in the world to make a fortune investing. All you need is a strong stomach. (Peter Lynch).
Investing is a lot easier than you think. You need 2 components to be a successful investor as follows:
1. Buy the right stock based on fundamental research and financial analysis
2. The ability to control your emotions through the inevitable up and down swings in price that you cannot control but will happen over a lifetime of holding any stock.
The rest of what you see and hear out there is nothing but noise and total "BS".
Buy right and sit tight. (Marty Whitman).
Happy weekend.
Ron