Do not be like my Dad
Posted: Apr 12, 2024
- The poster's dad has made many unsuccessful stock trades, often buying and holding stocks that go bankrupt or get delisted. - The dad focuses on his successful trades, like buying Signify Health before CVS acquired them. - The dad failed to see the potential of buying Tesla shares in 2012 when the stock was low, but now wants to buy at a higher price. - The dad believes in buying stocks of defunct companies, but not illiquid private stocks like Aptera. - The dad subscribes to a financial news platform called Banking Dive, where he learned about Wells Fargo's earnings. - Wells Fargo's asset cap removal timeline will impact their upcoming earnings, with guidance expected to be limited. - The dad's poor investment decisions have led to significant losses.
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