What I should have said is that I wish that I could buy these quality stocks which have a high price tag, like this one and mastercard and AVGO, but that it is too hard to scrape up several hundred dollars for one share but easier to risk $100 for one or more shares of something else which I can lock in some profits on as it rises or lose less as it declines. Having been through so many crashes and the world economy currently floating on a debt bubble worse than 2008, my comfort level conviction on any purchase is only worth about $100 and no more than $300 because with the leftover dollars I can buy something else and spread my risk around.
You do great work. I have to pass on any of these high priced stocks because my level of conviction on any purchase is around $100.
Thank you! Time will tell and if we end up going through a recession then it may be possible to see that level.
What I should have said is that I wish that I could buy these quality stocks which have a high price tag, like this one and mastercard and AVGO, but that it is too hard to scrape up several hundred dollars for one share but easier to risk $100 for one or more shares of something else which I can lock in some profits on as it rises or lose less as it declines. Having been through so many crashes and the world economy currently floating on a debt bubble worse than 2008, my comfort level conviction on any purchase is only worth about $100 and no more than $300 because with the leftover dollars I can buy something else and spread my risk around.