Sean HymanKeymasterJanuary 13, 2021 at 9:35 AMPost count: 5701Mr. MomParticipantJanuary 13, 2021 at 9:41 AMPost count: 45
37.42% or 36%-Annually. Thanks!Sean HymanKeymasterJanuary 13, 2021 at 9:42 AMPost count: 5701
Wow, that’s amazing! Congrats!Sean HymanKeymasterJanuary 13, 2021 at 9:51 AMPost count: 5701
Don’t delay in selling BEN. It’s overdue for a good-sized pullback.Jeff CrowhurstParticipantJanuary 13, 2021 at 9:55 AMPost count: 43
After learning my lesson about averaging down a few weeks back I still got nearly 12% on this one! Thanks Sean!
JeffGMCParticipantJanuary 13, 2021 at 9:56 AMPost count: 29
Thank you so much for all you do for us!Sean HymanKeymasterJanuary 13, 2021 at 9:59 AMPost count: 5701
Jeff: Glad you did well on it. Congrats!
Yeah, those averaging downs make a huge difference. For instance, the difference between two tranches in and 3 are that the 3 tranches has double the return of the 2, in this instance. It’s why it’s a great thing to have buy limit orders in place right after the original buy order executes so that you don’t even have to think about it. If the market hits it and you don’t even see it, it can still trigger the buy for you. Also, it takes away any hesitatoin or second-guessing one might do when the stock price is falling.
Congrats on your gain!
Sean HymanKeymasterJanuary 13, 2021 at 10:01 AMPost count: 5701
- This reply was modified 1 week, 3 days ago by Sean Hyman.
GMC/John: Excellent gains. Those 3rd tranches are amazing.Piano ManParticipantJanuary 13, 2021 at 10:09 AMPost count: 172
Sean, I’m out of BEN at 35.44% profit with dividends in just short of 13 months.
Thanks for your guidance.Sean HymanKeymasterJanuary 13, 2021 at 10:12 AMPost count: 5701
Keep in mind, that kind of return was made on a stock that wasn’t on people’s radars because “everyone is indexing now so who needs an asset manager?”
Yet, it was a thought taken too far and went from being true to not accurate. Yet the stock reflected more like it was 100% true. We caught an extremity. I love extreme pessimism because its when people misjudge a stock and it gets sold off WAY too much which provided a value opportunity to us.
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