I'm 23 years old and have been a long time lurker of /r/investing. My dream to invest was sparked when I was 13 years old. I had a man sitting next to me on a plane give me the best investment advice I have ever received. He said, "When you grow up and make your first $10,000, take all that money you just made and invest it in a company that you believe in and don't touch it for years to come. Start back over at zero, and consider that money out of your hands from there on out."
Back in August 2015 I decided to use a little extra cash I had (not even close to $10,000, as I was a University student at the time) and try to invest in a company that I thought would do well in the future. I decided to buy 15 shares of NFLX at $126, because the cable industry was dying and I knew that Netflix would benefit immensely from this. Since I was a new investor, I had no idea that buying at an ATH was not the greatest idea, and from there it plummeted because of the China crash in September 2015. I held on to my position, knowing that selling for a loss was something I did not want to do or something that I could afford, either. I saw it drop as low as $86 and I was determined not to sell even though I saw many "Analysts" say how this stock was overvalued even at $85, with Price Targets as low as $50.
Fast forward to today, my sweet, sweet NFLX has shot up over 25% after a stellar earnings report. I sold my 15 shares today for a profit of 116%. It was hard to let go, but after nearly 2.5 years of watching this stock I can't help but feel it'll be in store for a major correction some time soon. I may be wrong about that last part, but it doesn't really matter, if it does happen then I'll be looking to get back in at a lower price. I believed in this company from the beginning, and I continue to do so.
My word of advice for anyone that wants to get involved in the stock market (younger or older) is that you should always invest in companies that you personally believe in; ones that have an advantage in their sector... But most of all, even though it has been said time and time again, patience does pay off.
Lastly, thank you to /r/investing, a lot of what I have learned came from your posts over the years. I hope to continue to be a successful investor in my future, and that might not have been the case without your help.
Submitted January 26, 2018 at 04:26PM by Joebin3 http://ift.tt/2rKBzO2
