Comments by "J Hutt" (@jhutt8002) on "The Plain Bagel" channel.

@muffemod With the bureacracy, taxation and expenses involved to that here, I'd like to hear how that goes... Few brokerage firms I know of charge actually more than banks. At least from regular client, I'm sure big investors have their own deals.
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Also: Winning by bidding the underdog always feels better than following someone for scraps, even if you make less profit in the end.
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Damn, house buying there souns expensive! I bought house two years ago here in finland. Downpayment was 5% for first time house buyer (10% otherwise), all the fees for deal counted in for 800 eur, we split between seller. There's no taxes for buyer. Seller doesn't need need to pay tax either, if they have lived in the house continuously for two years.
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Well, since 2008 I spent 12 years waiting for next crash, because back then I did not have any money. Guess what? I bought a house in late 2019, and spent all my savings on it + renovation through 2020... So in covid crash I again had absolutely no chance to buy anything... So I kept waiting for second fall, just couldn't believe market jumping back up so quickly. 2021 I finally thought screw this and started trading with ~1000 eur I actually had to play with.
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You know what's funny, I've focused on trying to pick safe stocks to keep longer, and couple growth stocks, I expected to start doing well in the future, but then their price has risen too high and I've sold them because I thught they we're too expensive. Then I had to buy them again, because they didn't seem too expensive later on. Then they've risen again etc... So I've essentially made 80% profit within a year by trying to play safe :D And they say picking stocks is risky...
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@TheyHateMeCuzTheyAteMe Fine. I failed to sell in may waiting for a rebound. Then started buying back too early. Lost 30 % in 2022. Now I've got 17 % back up in january trading the upward trend. Currently have what I think very nice set to go through earnings. And probably sell most off come march keeping only the couple long term ones I've been sitting on.
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@FractalNoize Is all retirement funding in US entirely optional, or why is everyone so worried of their old age income there? Living in Finland there's a slice of every paycheck you get going into retirement fund, whether you want it or not. So when I retire, assuming I keep my house and job, I should be able to live at least decently without any optional savings from my part. Sure I do save money, but not for old age. I don't think I will be able to enjoy much of riches at 70... Not at least if I don't change drastically my lifestyle in next 20 years.
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@LucaPizzoplus I must say I've never thought of that. My view of perfect retirement would be to just stay at home doing all those fun hobbies I never have time now: Play and compose music, hunt, write a book, play games, fix cars, watch all those movies on my list and listen records I've meant to... etc... I don't need money for retirement. Just enough to pay food, house, and few bits and parts now and then to maintenance my stuff.
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You, that's definitely my strategy to a stock market refusing to cooperate :D
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I don't think you should ever lock a goal when trading. You have to be able to adjust your position, and you always know more today than yesterday. No point sticking up to outdated info. I always sell too fast. Point to get out is when you conclude it's more likely for said stock to go down than up. Even if it continues to rise, you made smarter decision by going with the knowledge you had at the time and opting sure gains rather than gambling with it. And after selling you have more liquidity to invest something you assess is more likely to make profit, than now overpriced stock you jumped out of. There are some stocks I've bought and sold again 3-4 times this year. Yes I miight have made more by just sticking on some of them (one has risen 250%, while my positions on it might have made around 70 % together counted each individual sell out), but then some of them I've made double or triple the profit I could have just by holding them. And my money would have been tied to those stocks, with uncertain profit, and I couldn't have made other winning trades, while said stocks plateaued for months. Point is: Better to win than lose. You balance your profits with uncertainty, so it's always the best practice to try to keep the odds at your favor. Not worry about the past deals.
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