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Learning, Sharing, and Teaching => Investor Alley => Topic started by: Ricochet on February 28, 2020, 11:50:37 AM

Title: Cruising for a bruising or a nice payday?
Post by: Ricochet on February 28, 2020, 11:50:37 AM

I don't really like Carnival as a cruise company, but I picked up some of their stock today since it is in a COVID-19 storm right now, for $31 a share. I think it'll be back to baseline and recover with the sick and scared people that are driving the stock down. Time will tell, but what do you think? 
Here's where you all tell me that buying individual stocks is a foolish gamble.

Title: Re: Cruising for a bruising or a nice payday?
Post by: FindingFI on February 28, 2020, 01:54:44 PM

Depends how much individual stock you are buying. Got at small amount of Carnival that you can be ok with losing? Ok, best of luck. Hope it works out for you. Won't make a huge difference either way. Put a significant your investment portfolio in Carnival? Now that's just reckless. 

Title: Re: Cruising for a bruising or a nice payday?
Post by: Buffaloski Boris on February 29, 2020, 08:32:30 AM

I own individual stocks, and I enjoy analyzing and buying them.  And then watching the market pound them to a pulp! In any case, my investment policy is to not hold more than 1% of NW in any one stock, so it's not going to make or break me. 

Single stocks are bugs looking for a windshield*.  Every now and then they pay off, but at huge risk.     

*(unless you have a diversified portfolio of them)