Thread

1. BennyBallTC · 1789734078 · focus · HN ↗

   Many people do not know this but he still holds the stock that he first bought as a 13y old. It is now worth 8+ figures!

   1. ricardobayes · 1789734892 · focus · HN ↗

      Maybe someone can enlighten me, but what's the point of "never selling"? Stocks are not a collectible that you can just look at for fun. Their whole point is to sell for profit, at some time. Maybe it's just me but if you "never cash out", that seems a waste of capital. Or perhaps this is a marketing stunt wealthy people sometimes to? Akin to "I live in a small house".

      1. reticulates · 1789735189 · focus · HN ↗

         this is such a funny comment, we are so tech-pilled that we forgot companies traditionally pay dividends and that’s the reason to invest, to share in the profits, not to speculate

         1. nirui · 1789737257 · focus · HN ↗

            I wish I saw this comment two years ago while the stock price of one of our local company is still cheap. I sold all my shared before the price slightly tanked, earning just around 14% profit. Now two years later the price has gone up ~100% and they paid dividends twice during the time.

            Should have treated it the old-fashion way, not the modern day-trading way.

Unofficial Hacker News client; not affiliated with Y Combinator.