The Wednesday Wellness threads are meant to encourage users to ask for and provide advice and motivation to improve their lives. It isn't intended as a 'containment thread' and any content which could go here could instead be posted in its own thread. You could post:
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Requests for advice and / or encouragement. On basically any topic and for any scale of problem.
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Updates to let us know how you are doing. This provides valuable feedback on past advice / encouragement and will hopefully make people feel a little more motivated to follow through. If you want to be reminded to post your update, see the post titled 'update reminders', below.
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Advice. This can be in response to a request for advice or just something that you think could be generally useful for many people here.
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Encouragement. Probably best directed at specific users, but if you feel like just encouraging people in general I don't think anyone is going to object. I don't think I really need to say this, but just to be clear; encouragement should have a generally positive tone and not shame people (if people feel that shame might be an effective tool for motivating people, please discuss this so we can form a group consensus on how to use it rather than just trying it).
Jump in the discussion.
No email address required.
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I cost average because I have no idea what I'm doing. My most successful picks have been jumping at companies I like. I played the Nintendo Switch, and Breath of the Wild, before it was released and decided it was the real deal. This was at a time when everyone thought Nintendo should get out of the hardware business, and it's executives has taken pay cuts for their failures. It was deeply rewarding jumping on that stock.
I bought Nvidia back in 2017/18 because the Steam hardware survey routinely showed something like 80% of people had Nvidia GPUs. I've been an Nvidia lifer since my first Riva 128. Seemed like a no brainer to me. I can't say I ever saw this AI boom coming, but I knew they were a well run company with good products I use to the exclusion of all else.
I dollar cost average in because I mostly buy and hold forever, so investing cash comes at a slow and steady pace monthly. I also know I'm not educated enough to pick an entry price and throw down five or six figures on it all at once. I keep investing if I have faith the company will eventually do well (like COIN), or because they've been consistently rewarding (like V).
Sometimes I take profit. I had to pay off a $5000 vet bill once while I was saving for a house, so it came out of stocks. When ATVI got bought out I was forced to sell. I also finally cut a bunch of losses and took some profit from several stocks, when I threw down a fat wad on COIN.
Throwing down that fat wad on COIN turned out to be a terrible mistake, and that particular wad is still down over 50%. But like I said, I liked COIN at IPO prices, and I liked it 10x as much when it was 1/10th the price. So it all worked out in the end. Still, that was an expensive lesson. In the future I won't be doing that. I should have spread my wad out over a much longer time to be safe. If it goes up, good, if it goes down, that's alright too.
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