1/11/2024 0 Comments Should i buy rocket mortgage stock![]() ![]() It was no longer the deal it has once been, and I never felt that it was worth chasing. Later, it then rose to $135 a month or two later. A month after I sold, the stock skyrocketed to $85. Unfortunately my timing couldn't be worse. I planned to replenish the position over the next 6 months. There wasn't a lot of movement, but it was a gain, and I wanted to do the responsible thing creating a life where I was debt free. I bought Tesla around $19, and sold a year and a half later for about $24 to pay off my house. I told my wife that Tesla would be worth 10 times the IPO value in 10 years if they didn't go bankrupt, and I figured there was about a 10% chance they'd go bankrupt in the first couple years. The last time I felt so strongly about a stock was 2010 when TSLA became public. RKT is probably the most grossly under valued mid cap stock I have seen in years. In fact for the past 10 years you would see the same average returns, but Schwab doesn't show a 10 year performance number, so 3 and 5 is all I can show you. Just so you believe me when I say I know what I'm doing, below are my returns for the past 3 and 5 years, and you can see I'm fairly consistent. ![]() I also have other positions like XOM and KO currently for inflation reasons. Currently my second largest position is a combination of BRK.b and BRK.a. ![]() I'm an investor, and I typically have 3-5 stocks at a time. Now, I don't yolo like other crazy people trying to get rich quick. The price shown in the picture below is where the price ended. My average price is somewhere around $21. While everyone has been selling for the past month, I've been buying. reward is better to invest in, and I've been investing for almost 14 years now.įirst, I want to show my position as of today. TLDR: I have found no other company in the world where the risk vs. Hours respective to their own timezone.Read the FAQ if you're new to both wallstreetbets and trading. The rules and submission guidelines are maintained on new Reddit so be sure to check them and make sure you're up to date. ![]()
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