I think GLXZ is a good stock -
Many thanks for your kind words!Quote: Zcore13
Eliot, congrats on your retirement and good luck on all your new ventures. It's been an honor and a privilege to meet and talk to you a few times.
Fine by me! You make excellent points. I have only bought about 5 penny stocks in my life. GLXZ is the first one that turned a profit. Selling is very hard, as you say. Yesterday was not the first time that I tried to sell my GLXZ shares.Quote: lilredrooster
At the risk of being hugely unpopular in this thread.
Even with the 15% CG tax?
Thanks for your advice. I held GLXZ for about 3 years. URI on 9/15/2015, so it's long.Quote: Paradigm
With today's Trump Speech bump to this infrastructure play...you are looking at almost 15X earnings for a company that is growing at 10-12% annually. Once a stock is above this: 1.25 * (Growth Rate X Next Year's Earnings), I think there ends up being not a lot of upside left. Unless we think this is the next AMZN, FB, NFLX, GOOG, etc....and I don't ;-).
That being said, I have underestimated URI as fair value for me would be 12X earnings and that would have meant selling at $109...ahhh that was 25 points below current levels so take that for what it is worth.
You are going to pay CG Taxes at some point, unless you tell me you have held for less than 12 months and I don't think that is correct. If you are under 12 months, I would hold until you get LTCG treatment...I believe that is what just happened with the GLXZ holdings ;-).
Done. Bought at 66. Sold at 131.Quote: Paradigm
It is time to sell URI...expectations are now to perfection. Ring the register ;-).
Thanks for your advice. I held GLXZ for about 3 years. URI on 9/15/2015, so it's long.
The whole market is feeling very bubble-ish. Bonds too. Hence CD ladder + TIPS for about 60%, equity is about 15% right now. Also REITs and other stuff is in there. And some cash.
Oh, and a couple of QLACs.
After I made my move, my Fidelity adviser told me that she was giving exactly the advice that I was already doing.
I absolutely don't pay anything for a FA. Fidelity gives me the service for free, based on my balance. I ignore their advice with regularity. For "only" 1%, they will manage my account for me. NO THANKS!Quote: WatchMeWin
It sounds like you probably know more about the market and different investing strategies than your advisor. You don't need to pay any extra commissions to FAs that dont serve a purpose (unless she is hot and wears tight skirts at meetings). If someone has money and doesn't know about the market and where to put their money, then that is a different story.
I have many many stories of people I know that were FAs.... and they didn't even know what shares outstanding meant nor able to calculate the market cap of a company. Fundamental stuff. They were just good and swoozing people and getting their investment...thus taking 2-5% management fees, etc.
Dont get me wrong, there are many smart, ethical, and good FAs out there... just not needed as much anymore with the internet and people educating themselves and trading themselves.