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. DanielHB · 1789737282 · focus · HN ↗

         Technically you can borrow money against your share, if you think your share gains will be higher than the interest rate you essentially have free money (although, obviously, not risk free). So that is a use for never selling shares.

         Also some shares pay dividends.

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