SlowTwitcher
Dryer sheet aficionado
- Joined
- Nov 8, 2006
- Messages
- 29
I've been playing the get-rich-slow stock market game and am content with it. Yet, I recently have had an idea that will not abate. Would you be willing to risk a stash of money (say $10,000) on a single beat down stock? Downside is limited to $10,000 with a huge unlimited upside. Take Ford stock for example. Could buy 10,000 shares. If it returns to say $20/share (GM/Chrysler fail but they survive?) it would be worth $200,000. For me, the loss of $10,000 today would represent approx. a yearly loss of $1600 when I retire ($10,000 grows to $40,000 over 20 years and I withdraw at SWR of 4% = $1600/yr - really just a few days work in 2028 dollars).
Appreciate any comments: talk me into/out of it, would you be willing, and
what single stock would you risk it on??
Appreciate any comments: talk me into/out of it, would you be willing, and
what single stock would you risk it on??