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@jacobkt225
Jacob K Thomas
$11.5M follower assets
I love all things fintech and other technology items, I also enjoy learning more about all types of business in my area, long time market watcher, some investing knowledge. I want to learn more for my future plans. MBA in International Business.
83 following76 followers
What you didn't buy
As we are starting the new year, what stock are you happy you didn't buy? We are always happy to talk about our good calls, but what are the things, you can look back at now and say, "Thank goodness, I didn't get into that?"

2022 ended with a lot of red, but some were worse than others. Right now, my stock is $ZI. Right now, they are down almost 60% over the last year. They are also down almost 40% from their IPO.

With marketing always being the first thing cut in a downturn, not many people are going to be trying to use their services. They do have an interesting product in how they are going to get information on customers, then bring them into clients, but this just isn't their time.

So $PINS might be a struggling stock the in the last 18 months, it's nice to see a pop like this after good earnings. Something I really wish others would get about this stock. It's not about the MAU's. It's about the fact people are coming to the site looking for things, then buying stuff. They are always making a good revenue number. If they can make people understand that, it'll be great for so many shareholders. Happily long!
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Close but not close enough
Something a little bit different, a mention on currencies, if you care about shorting the Euro there is an ultra short ETF $EUO that goes against the Euro. With that being said, call me a stickler, I know it's been really close, but can you really call it parity if it's not at $1?
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The Stock I'm Happy I didn't buy
I just wrote an article about the stock that I didn't buy. This stock was one that a lot of us, self included really liked. However, it has taken a true nosedive like so many.

Take a read and see what company it is. Plus love to hear about the companies you aren't buying now and didn't buy before. Don't forget letting us all know why.

Medium
The Best Stock Purchase I Didn’t Make
There are times it’s smart to not put your money into the market.

Hi Jacob this was a great article.

Some standout takeaways for me were-
  1. "Don’t chase companies. They will always come to you."
  1. "If you want to buy a stock that was highly favoured for whatever reason, know that it can quickly go out of favour"
  1. "Understand your environment."

I've considered buying $LULU but I feel the valuation is certainly rich relative to the competition. On the flip side, the growth is impressive and new products should propel it forward. At the moment I do not have enough conviction to start a position.
Add a comment…
The biggest problem I see with a day like today, everything is down, which means there are a lot of good companies that in the long run will be fine. It's like a kid in a candy store, too many choices.

Yup. Funny though, every time this happens, people sell, panic, start talking about interest rates and other mostly irrelevant macro issues, forgetting the market has recovered 100% of the time historically. It’s like no one has ever looked at a historical chart of the S&P🤣people ignore mountains of evidence and lessons from history🤷‍♂️
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When you all see this, do you care, or it's something that really matters to certain investors?


I can’t say I disagree with him. That said, I always ask myself “so what?”. What I mean by that is, sure todays backdrop maybe tough but is that going to spook me out of the market? For me, no. I’ll wait it out and continue to add where I can and it will get better eventually. I’d also look at what he is doing.. I didn’t see anywhere in the article where he stated he is selling out of the market. So, it’s more or less just an anecdotal comment or complaint.

Long story short. No, not gonna let it spook me out of the market. I think it would be a bit late for that at this point anyway.
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I decided to look back at my time of holding $SIRI. I held the stock for almost 10 years, mainly because I didn't know any better and really wasn't paying attention to the market as I should have. Hope everyone enjoys the read when they get a moment.

Medium
Lessons From Selling a Long-Held Stock
Sometimes you just need to know when to sell something and move on.

Great quote here: "Investing does have risks, but it doesn’t mean you shouldn’t do it. Do your homework by reading about the companies you are interested in investing in.".

Have you considered posting these memos into Commonstock? Would love to read them nativley!
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Chinese stocks aren't anything I know a lot of people are interested in, but $BABA was supposed to be the darling of them all, look it now. Though just being down 14% from it's IPO price isn't that bad, compared to other things, right?
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When you consider its down 14% from 7-8 years ago, opportunity cost springs to mind.

Have to add that as a beginner investor I tend to be cautious with investing in foreign stocks.

I am conscious there are a lot of geopolitical factors, regulatory considerations, and accounting/reporting standard differences that make assessing risk more complex.
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