Sometimes Hindsight Is 20/20 Greed
Luke 12:15 – Then he said to them, "Watch out! Be on your guard against all kinds of greed; a man's life does not consist in the abundance of his possessions."
As a brand new stock investor I’ve just tasted my first dose of financial hindsight or as I now realize greed. Thankfully this time it was a painless lesson from the Lord.
After the market collapsed late last year literally dozens of high quality stocks tumbled far below their true value. Experienced investors had a literal smorgasbord cleaning up and fattening their portfolios with excellent, profitable and well managed companies held hostage in the global market turmoil.
For new investors such as me it was probably the absolute worst time to enter the market…or so I’ve been told. All in all I’ve bought roughly 6-8 stocks and have fared pretty well (up 240%) thus far with the good Lords blessing. I’ve learned what to look for in stocks, how to read in between the lines of press releases and how to remain emotionally detached with my stocks. What I’m still learning, as I’m sure many are, is how to become a more confident investor.
Back on February 2, 2009 my first financial “opportunity of a lifetime” arrived by the name of: Ashland Inc. (ASH).
ASH is a distributor of chemicals and plastics, and a manufacturer of chemical specialty and performance products. Most notable of these products is their brand Valvoline, maybe you’ve heard of that.
Anyhow, back in February ASH was trading at a paltry $7.28 when in February 2008 the stock traded at $45-$47. In June 2008 it peaked at $58 before the financial collapse pushed the stock all the way down to a criminally low price of 7.34.
This was and still remains my best stock purchase to date…but I’d didn’t fully pull the trigger. With all the data I had pored over I decided to be cautious and bought a mere 80 shares. After all, this was my first stock purchase.
And then ASH skyrocketed.
It absolutely destroyed projected targets and continued to climb. Now seven months later ASH closed $43.82 and continues to climb.
As I reflected on my decision in utter agony thinking about how much money I could have made investing in hundreds of shares of ASH I realized that sometimes hindsight is 20/20 greed.
I thank the Lord for his generosity and many blessings in my life. Here I am with a stock up 480% and I’m annoyed I could have made more money with it! Tsk, tsk.
As Jeremiah. 6:13; 8:10 tells us "everyone is greedy for gain.” Forgive me Lord and thank you for teaching me a valuable lesson as a Christian investor…
Fortune favors the bold. Just kidding, it everything I have is from the Lord and it is always enough.
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