Author Topic: LC What's working these days?  (Read 1246 times)

rawraw

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Re: LC What's working these days?
« Reply #15 on: August 12, 2018, 02:07:09 PM »
How do you define a good return Rob L?

Rob L

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Re: LC What's working these days?
« Reply #16 on: August 12, 2018, 05:05:44 PM »
How do you define a good return Rob L?

I never just think of return; I think of risk adjusted return.
When I was much younger my income was high and I was able to embrace very high risk/reward bets. I had a lifetime to recoup any losses.
Now at my age (68) and financial situation, simply keeping up with inflation with my serious money is a good return.
I have the luxury not to take much risk and feel "reasonably" comfortable that my wife and I can live pretty well and not outlive our savings.
I will never risk endangering that.

I still make a few small bets on the side with "play money".
For example on 5/1 this year I placed a limit order to BUY a few thousand shares of LC at $2.49 (IIRC). Surprise  :o
Missed it by a few pennies and didn't get filled. I never chase a trade that runs away from me.
I would have sold on 5/9 at around $3.50; shoulda coulda woulda ... After all, as you know I'm anything but a true believer in LC.

Presently I have a small options trade in place. Something to do.
I never ever talk to anyone about ongoing trades as it inhibits my ability to change my mind on a dime should I choose.

On the human capital front I'm consulting from home on a full time basis.
Totally unexpected, but I'm a BSEE/MSCS and there aren't any out there to be hired.
"Just when you think you're out they pull you back in".

Anyway, whatever I did to get from youth to here I define as a good return. Lucky or good? Very probably a bit of both.

rawraw

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Re: LC What's working these days?
« Reply #17 on: August 12, 2018, 06:54:10 PM »
Very cool you sound like you are an interesting person 😁

Rob L

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Re: LC What's working these days?
« Reply #18 on: August 13, 2018, 08:20:23 AM »
Very cool you sound like you are an interesting person 😁

Thanks for the very nice compliment!  :)