Le Stocks

Marshal Davout · #1 07-17-2024, 01:04 AM

I thought I might start a link on this; although I might be the last person to write it; as i have lost about $3,000 in the market in various ways ( I invested in a "Rare Earths" company back in the day; before I realized that China has a lock on the industry and my company went Bankrupt ! Ha ! )
But there seem to be at least 3 types of Stocks
1. Those you buy for the Value as they might go up ( and usually pay no Dividends ) like Amazon .
2. Those you buy for the Dividends ( these usually don't go Bankrupt ) like Microsoft .
3. Those which are a Hybrid of the first two ( but their dividends are low ) Meta ?
4. Although now there may be a fourth which are the AI Stocks Broadcom and Nvidia !

It may be interesting how I originally found NVDA. I had a spare $1,000; so I was looking for a really good stock to go up in value ! and so I was running down my list of stocks in my "wish List" so to speak. And I had about 50 wish lists with about 10 stocks in each ! Anytime somebody told me to buy a stock I would add it to a wish list. And so I was running down the List and the only thing I wanted to know was how much a stock had gone up in one day from the previous cost ! And I hit upon NVDA which had gone from $25 to $40 in 1 day. This is a rise of $15 in 1 day so it is remarkable for a small stock. And so I threw the $1,000 into NVDA; since it looked like the smart money was already piling in !
Astoundingly then NVDA went up to about $400 a share in 6 months ! They made chips and Graphics boards for the gaming computers; but nobody could tell me why they were going Up ? I didn't find out for almost two Years ! If I had known what was going on; I probably should have got a 2nd mortgage on the house to buy NVDA ! Ha ! But you never know ? Recently the stock went to about $1,200 a share and had a forward split to 10 for 1 so that was seemingly a good deal ! So I have a lot of shares in it for now. It is in the AI Chip industry now; so it may be still a good buy; but then you never know when there will be a pull back ?