I have been following this board for a long time. Now I think the time is right. Quickybuck gone, I was able to get the quickyshares ID. He must be fuming. I liked the concept of buyencana, with the share accummulation scheme, almost wished I got her ID, but then I might go to other boards and for this purpose, quickyshares is a lot better. I won't bother you if this scheme doesn't work, but when it works, I will sure let you know. Since I have more money I will use 500 shares to play with. The only thing I am not sure about is the commission. I have to phone my broker and ask what penalties there are for an odd lot of lets say, 495 shares to sell. I may have to discount them. Any have any experience with odd-lot share sales ?
You are quite right. I only do this as an alternative to my other investments. I am holding TRP since October 2002, and ENB since about the same time. I don't dare to sell them. I was looking at WFC in April of 2003 and I could still kick myself for not buying them.
Say I bought 100 shares of WFC (then NOB) in 1987 for 17.75. (Because I did).
That is now 800 shares (three 2:1 splits) at $35.
Now I could sell 50 shares now and then the remaining 750 shares would be "free".
But what exactly is the point. The original $1775 that I invested in 1989 was already my money. The entire amount right now is my money. It is "free and clear" if you will. I would only sell it if I had a bette rplace to invest that part of my portfolio.
If I had sold 95% of those NOB in 1989 when they made their first little gain, I would now have 40 "free" shares of WFC. I'd rather have the 800.
<<Look at what I am planning to do: Buy 500 shares and hold them until I have a profit of between 3 to 10 shares. Then sell lets say 495 shares to recoup my original cost of the 500 shares. I would have 5 shares over the rest of my lifetime or until cashed out that pay me dividends or increase (also decrease) in value.>>
What do you do if it goes the other way.
Say you buy 500 shares and hold them until you have a loss of 10 shares.
Did you ever buy or sell an odd-lot number of shares ? And if yes, how did it affect your commission ? Now show how good you are and reply this investment question. It is easy to call somebody sick, wacko, dumb ball, etc., but it is a lot harder to reply to a smart-move person.