Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 01-11-2022, 04:00 PM   #21
Thinks s/he gets paid by the post
corn18's Avatar
 
Join Date: Aug 2015
Posts: 1,466
Quote:
Originally Posted by FIREflower View Post
That's probably the crux of my issue. We could afford to lose it and still be okay, which is why I went ahead with it. But I still agonize over a $20 household item purchase feeling like we can't afford it, so in that sense no amount feels like "play" money.

But it had been budgeted as fun money for a while and my husband was bugging me to do something I enjoyed with it, so this is what I came up with.
Would you buy it now @ $2.50? If so, keep it because you own it @ $2.50. If not, sell it and harvest the loss.

As I said earlier, there are a lot dumber things I have seen people buy.
__________________
Consistently sets low goals and fails to achieve them.
corn18 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-11-2022, 04:29 PM   #22
Dryer sheet aficionado
 
Join Date: Jan 2022
Location: Zürich
Posts: 27
Based on your description of the products.
I would keep the position and be patience for a recovery.
In a lot of markets the products could be sold without any FDA Approval.


Incredible. I just found their Swiss web shop:
https://owletcare.ch/
The products are not too costly.


I love betting money on turnaround stories.Thanks for mentioning that small cap.


The company is the opposite of a profit center, but I would not write them off. Maybe they expanded too fast.

https://investors.owletcare.com/news...s/default.aspx
matjung is offline   Reply With Quote
Old 01-11-2022, 04:38 PM   #23
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 13,650
Your "mistake", if it was one, was putting money you can't afford to lose on a single stock as speculation. And you haven't lost anything until you sell, so there is also a lesson about patience. There is plenty of money to be made off index funds the slow, but sure way.
travelover is online now   Reply With Quote
Old 01-12-2022, 07:52 AM   #24
gone traveling
 
Join Date: May 2016
Posts: 267
Quote:
Originally Posted by FIREflower View Post
Alas, I recently decided to throw some "play" money into stocks in a company I personally believe in but is currently....tanking big time. I might have fooled myself into thinking I had some extra knowledge in their field informing my choices. Now I'm doubting myself, but am loathe to sell. Opinions?

The company is Owlet. There's drama with the FDA that I believe will work itself out if the company is persistent.
SPACs started out very popular, but overall lose money after going public (CNBC tracks an index of 50 SPACs showing it)

OWLT on Yahoo Finance shows a 262M market cap, it's a "micro-cap" stock, so it's very volatile and risky. Yahoo Finance shows a 7% gap in the bid-ask spread, confirming the risk.
OverThinkMuch is offline   Reply With Quote
Old 01-12-2022, 08:07 AM   #25
Thinks s/he gets paid by the post
jollystomper's Avatar
 
Join Date: Apr 2012
Posts: 4,131
It is not stupid if it truly "play money" *and* you know and accept the risk. I have a former co-worker who, whenever we would go to a conference in Las Vegas, would bring along $1000 of "play money" to gamble. This was money she could afford to lose, and she knew quite when that she might leave with zero. She had no desire to gamble anywhere else, did not even buy lottery tickets - but to her gambling in a nice casino in Las Vegas was one of her versions of fun.

Earlier this week I decided throw $1000 of "play money" into the cryptocurrency arena. Stupid move? Only time will tell .
__________________
FIREd date: June 26, 2018 - wwwwwwhat a rush!
jollystomper is offline   Reply With Quote
Old 01-13-2022, 03:57 AM   #26
Dryer sheet aficionado
 
Join Date: Aug 2019
Location: eastern WA
Posts: 27
Thanks for all the feedback and info, everyone!
FIREflower is offline   Reply With Quote
Old 01-16-2022, 09:44 AM   #27
Thinks s/he gets paid by the post
 
Join Date: Jul 2009
Posts: 1,217
This statement seems a bit "soft" and pretty narrow for a tough, competitive market ... and, a market with slowing birth rates.

"About Owlet, Inc.

Owlet was founded by a team of parents in 2012. Owlet’s mission is to empower parents with the right information at the right time, to give them more peace of mind and help them find more joy in the journey of parenting. Owlet’s digital parenting platform aims to give parents real-time data and insights to help parents feel more calm and confident. Owlet believes that every parent deserves peace of mind and the opportunity to feel their well-rested best. Owlet also believes that every child deserves to live a long, happy, and healthy life, and is working to develop products to help further that belief."
stephenson is offline   Reply With Quote
Old 01-16-2022, 11:35 AM   #28
Dryer sheet aficionado
 
Join Date: Jan 2022
Location: Zürich
Posts: 27
Quote:
Originally Posted by stephenson View Post
This statement seems a bit "soft" and pretty narrow for a tough, competitive market ... and, a market with slowing birth rates.

"About Owlet, Inc.

Owlet was founded by a team of parents in 2012. Owlet’s mission is to empower parents with the right information at the right time, to give them more peace of mind and help them find more joy in the journey of parenting. Owlet’s digital parenting platform aims to give parents real-time data and insights to help parents feel more calm and confident. Owlet believes that every parent deserves peace of mind and the opportunity to feel their well-rested best. Owlet also believes that every child deserves to live a long, happy, and healthy life, and is working to develop products to help further that belief."
It is a good story for doing a startup. Maybe not the best concept for make it growth and prosper.
Elon Musk probably never engineered a car. The people he work with do.
The failure of Theranos is certainly not adding value and trust into this startup. The founders have to work harder in attracting suitable talent for profitable growth.
Do we know a few more startups in the field of wearables?
Then we could compare who is doing better.
matjung is offline   Reply With Quote
Old 01-17-2022, 01:26 AM   #29
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sunset's Avatar
 
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 12,779
OP - One option would to sell all your shares now. Then in 31 days buy them back. The only time this won't make sense is if you loss is small and the stock goes up in value in the next 30 days by a good amount.


Alternatively, you could double your investment as it's at 2.22 right now. then wait 31 days and sell the original shares. Hopefully you sell them at 2.22 or even higher, and you will collect the loss to claim for taxes.

This choice fails if the stock continues to fall.


As for the company, I get the attraction about how they can help parents. I recall sleeping lightly to waken to any noise/moan from the baby, or the lack of breathing sounds. Very nerve wracking.

Also though, like baby car seats, once a couple is done having children, they would pass on the device or sell it meaning the market is reduced. Maybe they can avoid this by renting the App with monthly fees or other selling techniques.


Note: I say 31 days to be safe, but the IRS wash rules say 30 days
__________________
Fortune favors the prepared mind. ... Louis Pasteur
Sunset is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Did I Do Something Stupid nico08 FIRE and Money 23 01-07-2015 10:17 AM
I feel STUPID! Really STUPID! :( NW Landlady Hi, I am... 21 07-10-2010 10:47 AM
Stupid #&%!!$% Job!!! laurence Young Dreamers 49 05-22-2005 07:00 AM
Stupid consumers laurence Other topics 15 04-08-2005 05:02 AM
possible stupid question zbwmy FIRE and Money 10 06-16-2004 03:22 AM

» Quick Links

 
All times are GMT -6. The time now is 10:45 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2022, vBulletin Solutions, Inc.