I have a small stake here, and never intend to sell
Yea I mean, when I invest in stocks I find something I think is valuable and I try to HODL as long as reasonably possible. Never selling a stock is not reasonable to me.
That being said, HIVE is not a stock. People have asked me "what my plan is."
Well I am honestly not sure. If I had a crystal ball I would be on a fancy boat somewhere lol
I prefer fishing over luxury so it would probably just be a really nice fishing boat 😅
Never selling a stock is not reasonable to me.
Sometimes, though, in some circumstances, not spending is reasonable.
I am at the season in life where I no longer acquire things. I'm shedding them.
I hope to leave the Hive account for my son. He opened the account for me. Talked my into joining.
I'd like my money to grow, including my Hive account, but I'm not going to put anything at risk.
In the 2008 crash I lost a large portion of my investment because I bought Icelandic bonds, just before the crash. Then I invested in something called dcode Genetics. That went belly up, only to open shortly after with the principals intact. My account was worth $0.
No more risk for me:) I'd like to preserve as much as I can for my kids.
I'd willing to learn, though. My son dabbles and it scares me.
I'd willing to learn, though. My son dabbles and it scares me.
Lot's of moving pieces so I think it makes sense to be worried. I would just encourage him to stay humble and remember his role in the market. When people try to punch above their weight or have delusions of grandeur that is when mistakes get really expensive.
Also, not everyone has the same risk tolerance so not all investing strategies make sense for everyone.
No more risk for me:) I'd like to preserve as much as I can for my kids.
Preservation of capital is a good strategy and works for a lot of people.
Goodluck!