What do I do now?

[charlsie]

I find myself in a precarious situation which with the help of this forum I find myself in.
My circumstances have changed significantly in the last decade, going from owning my own home and children in private school and a portfolio of steady stocks picked with the help of Martin Roth's Top stocks (book), ostensibly long term investments to create wealth over time.
To renting a small cottage and back to working 2 jobs to support myself, the cause being differing opinions on how my now ex-wife and i should spend 20 years of wealth accumulation. Unfortunately not an uncommon experience for many.
my problem is a good one to have, though not one that sits comfortably with me. I sold my BHP shares (bought circa 2006 $8.00 sold 2020 $31.50) I then parlayed this and some more funds into Andromeda ADN (avg 4.5c). as of 25/9 0.155c
The good problem I have is that I'm not sure when to get out. trust me when i say I don't get TA or FA. Now i understand no one can give advice as it's against the rules, though I would love to hear of others and how they deal with this problem and i get people who chart generally have emotion taken out of the process.
Another thought while I'm typing is i wonder if there are more people like me that use this forum for the wealth of information yet very rarely contribute due to the fact that we do not use fundamental or technical analysis and it makes me feel like a troglodyte to say it.
Sorry for the long rant, if your'e in melbourne you'll understand there's not much to do outside today and we're still locked down

 

[CanOz]

My unprofessional opinion, if it’s not too late, is to make up with the missus and move back in. The single biggest destroyer of personal wealth is divorce, bar none. If that’s not possible, take profits in whatever you got left and pay off debt. Learn to invest and manage risk properly with a plan . Not advise, dyor

 

[Joe Blow]

Another thought while I'm typing is i wonder if there are more people like me that use this forum for the wealth of information yet very rarely contribute due to the fact that we do not use fundamental or technical analysis and it makes me feel like a troglodyte to say it.

@charlsie - I just want to respond to this point.

You don't need to use fundamental or technical analysis to actively participate here at ASF. There are many threads on a wide range of topics that have nothing to do with either form of analysis. Everyone has something of value to contribute. We all have our own unique life experiences that teach us things, and that acquired knowledge and wisdom can help others. So please don't think you don't have anything to contribute to this community, because I assure you that you do. Everyone does.

 

[charlsie]

My unprofessional opinion, if it’s not too late, is to make up with the missus and move back in. The single biggest destroyer of personal wealth is divorce, bar none. If that’s not possible, take profits in whatever you got left and pay off debt. Learn to invest and manage risk properly with a plan . Not advise, dyor

unfortunately CanOz there's been too much water under the bridge to repair the relationship, though had i the knowledge i now have, things would be entirely different. My personal developement only started in my late 40's. Fortunately, I've always had a sound knowledge in saving money.
Your advice is sound, a repaired relationship is generally stronger as two parties have learnt how to fix it. In my case, well i just didn't have the tools in my kit that i needed at the time.

Joe, thank you, and yes we all have something to give and my greatest advice to anyone is "learn how to sell shares" 'coz buying them is the easiest thing in the world, selling on the other hand.......The hardest thing in the world is admitting to yourself you got it wrong. That goes for everything and most importantly.. relationships

 

[Skate]

I parlayed funds into Andromeda ADN (avg 4.5c). as of 25/9 0.155c. The good problem I have is that I'm not sure when to get out.

@charlsie if I held the position ADN I would get out when the price bar turned from blue to red using the "Ducati Blue Bar Strategy" chart

"The Ducati Blue Bar Strategy"
This strategy just keeps giving by picking the turning pivot with ease. The signals are generated by using two commonly found indicators. Reverse the entry condition & you have yourself a handy exit strategy. When the position doesn't follow through "The Ducati Blue Bar Strategy" exits very quickly without any other inputs, simple & clever. "The Ducati Blue Bar Strategy" is simple in design & structure as it incorporates (volatility & volume). As traders, we don't need a fancy strategy to make money. If you traded nothing but the blue & red bars of the "The Ducati Blue Bar Strategy" you would be tripping over yourself going to the bank, it's that good. "The Ducati Blue Bar Strategy" is uncannily accurate when applied to all timeframes, the signals are fast & snappy. Adding prudent "Money management" with a sharp "PositionScore" brings this strategy to life. Trading the bounce since the end of March 2020 has been very profitable so far.

For more information
I've made over 60 posts about the "Ducati Blue Bar Strategy" in the "Dump it here" thread that you might find interesting to read - use the search feature
Search for: blue bar strategy
Posted by: Skate

if it’s not too late, is to make up with the missus and move back in.

Don't do it
If you do you will soon realise why you are not together.

@charlsie You don't need to use fundamental or technical analysis to actively participate here at ASF. There are many threads on a wide range of topics that have nothing to do with either form of analysis. Everyone has something of value to contribute. We all have our own unique life experiences that teach us things, and that acquired knowledge and wisdom can help others. So please don't think you don't have anything to contribute to this community, because I assure you that you do. Everyone does.

Experience
Every member enjoys a different level of experience & expertise, but most who don't post believe their level of knowledge is inferior to others without realising they have information others don't.

Friendly atmosphere
The "Dump it here" thread has a friendly atmosphere bouncing ideas around in the hope of helping others. The old adage of "It's better to remain silent & be thought a fool than open your mouth & remove all doubts" stunts interaction as members, in general, don't want to say "I don't know" because it may make them sound like an idiot where in fact it gives others the opportunity to express their point of view that may be helpful.

When to sell ADN
When the blue price bar turns red



Skate.

 

[verce]

@charlsie - I just want to respond to this point.

You don't need to use fundamental or technical analysis to actively participate here at ASF. There are many threads on a wide range of topics that have nothing to do with either form of analysis. Everyone has something of value to contribute. We all have our own unique life experiences that teach us things, and that acquired knowledge and wisdom can help others. So please don't think you don't have anything to contribute to this community, because I assure you that you do. Everyone does.

Well said Joe.

I personally don't think I meet the high standards of fundamental or technical analysis that others have on ASF (which is why I outsource/rely on people like @tech/a who is the best chartist I have encountered so far)

That doesn't mean I can't come up with good ideas that can then get tested for validity by the ASF community. It's a much more rigorous and disciplined set of minds posting here than... that other forum.

 

[Joe Blow]

I personally don't think I meet the high standards of fundamental or technical analysis that others have on ASF (which is why I outsource/rely on people like @tech/a who is the best chartist I have encountered so far)

That doesn't mean I can't come up with good ideas that can then get tested for validity by the ASF community. It's a much more rigorous and disciplined set of minds posting here than... that other forum.

I don't want to take this thread off topic, but I'd like to add one more thought. Those who feel they don't know much about a topic often forget that they can easily contribute one of the most important parts of a discussion: questions.

Intelligent questions can elicit detailed answers from someone with knowledge of a subject that can help many others, sometimes even years later. So if anyone has a question, ask it. You may get a response that not only answers your question but continues to help others for years to come.

 

[charlsie]

Skate, thank you for your posting this information, it gives me a great deal of information and will only help in my education.
One of my dear mothers favourite sayings started "better to keep your mouth shut......."
These days i could counter it with "The only dumb question is the one that's never asked"

 

[Smurf1976]

Well said Joe.

I personally don't think I meet the high standards of fundamental or technical analysis that others have on ASF (which is why I outsource/rely on people like @tech/a who is the best chartist I have encountered so far)

That doesn't mean I can't come up with good ideas that can then get tested for validity by the ASF community. It's a much more rigorous and disciplined set of minds posting here than... that other forum.

There's also useful information to be gained if someone simply knows about, for example, the business of banking or aviation. Even if they know noting about T/A and little about accounting, it's still potentially valuable if they understand those industries and that some change in circumstances does or doesn't really matter to the relevant companies.

There's a lot of different ways to look at this. Even a purely technical or purely fundamental approach has many variants within it.