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DFW

(60,549 posts)
14. In 1998, a broker gave me similar advice
Wed Jun 3, 2026, 12:41 AM
Yesterday

Since I was already traveling like a whirlwind for my job, I hardly paid any attention to any such advice from a broker. But this one time I did. I bought 1000 shares of Texas Instruments at $54. In the first eight years, it split two-for-one three times, so now I had eight thousand shares. It went up to over $75, but during the Cheney-Bush recession of 2008, it went down to $20. I asked the (now new) broker if I shouldn’t buy more? She said no, too many eggs in one basket. Great advice THAT was, right? It’s now over $300. At least I kept the rest. Like I said, I paid little attention to this game. I pay even less now. There seems little sense in selling for a big profit when well over half of it will be gobbled up by two different governments. I’m better off leaving it to my NY-based daughter, who would only be taxed once on it. My Germany-based daughter has made so much money already that she doesn’t want anything from me anyway (she, or her kids, will get some despite that), since she has probably already made more than I ever will.

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1 members have recommended this reply (displayed in chronological order):

I wish politicians were smarter about bubbles WSHazel Tuesday #1
Really? MadameButterfly Tuesday #3
I will try, but I recommend Ed Zitron WSHazel Yesterday #23
could you include a link, please? rurallib 21 hrs ago #26
Here is one link, there are many more WSHazel 19 hrs ago #28
THanks. This is fascinating MadameButterfly 17 hrs ago #31
Nvidia Betty Boom Tuesday #5
In 1998, a broker gave me similar advice DFW Yesterday #14
I've purchased other stock over the years, but never had one go as crazy as this one did Betty Boom Yesterday #19
It's a spectator sport for me as well DFW Yesterday #20
Capital gains tax in Germany (Kapitalertragsteuer ie KESt) Celerity 15 hrs ago #32
I wouldn't have had the patience to look that up, so tack skall du ha! DFW 8 hrs ago #34
If we had listened to Bernie in the first place we wouldn't be in this mess. Hassin Bin Sober Tuesday #2
I think too many people listening to Sanders in the first place is why we are in this mess to begin with. W_HAMILTON Yesterday #13
If only Harry Reid hadn't been able to talk Sanders out of primarying Obama in 2012. betsuni Yesterday #17
Exactly mvd Yesterday #15
Yep nt Rob H. 21 hrs ago #27
50% isn't enough if they steal my work MadameButterfly Tuesday #4
Adapt. Adjust Betty Boom Tuesday #6
My cannonball factory has been pretty slow for a while now.....BUT AZ8theist Yesterday #10
Replacing old inventions with new inventions MadameButterfly 18 hrs ago #30
There is no such thing as original anything Betty Boom 9 hrs ago #33
If that was true, we'd all still be scratching our asses staring at a blank cave wall. meadowlander 8 hrs ago #35
We could have an interesting conversation about Picasso.... CTyankee 26 min ago #37
Once AGI is better than humans at all labor that generates value in a capitalist society, there is no job to adjust to. meadowlander 8 hrs ago #36
50% of a negative number is a negative number WSHazel 19 hrs ago #29
Andrew Yang was ahead of his time. Emile Tuesday #7
Boy was he ever! calimary Tuesday #8
OMG....WANG/Sanders!!!!!! Seriously....2028!!!!! a kennedy Yesterday #12
Wang/Sanders 2028. a kennedy Yesterday #16
Financing shouldn't be hard to obtain for an Independent run DFW Yesterday #21
Sorry, but remember he's not a Democrat gulliver Yesterday #9
I do not have any good answers to any of this. I used to tell people if you state of stupid Yesterday #11
You don't think robots can fix robots? Emile Yesterday #22
Yes, there is no doubt that can be done. I also wonder at what point we have to state of stupid 23 hrs ago #25
We shoudl set up a basic income Matthew28 Yesterday #18
This has been coming since the 1980s. Blue Full Moon Yesterday #24
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