AMA First Investment
Asked on 28 Jan 2019
One of my best purchase is Disney. A 3 bagger based on my first purchase. I had purchased more recently.
The reason I bought it initially is partly due to misunderstanding the "Buy what you know" quote from Peter Lynch. I bought Disney simply because they own Marvel.
However, subsequently, when I realized my mistake, I took a closer look and realized it was actually a good buy based on it's business along, and even a greater buy based on it's long term plans.
The first stock you ever buy cos thats the one that start your path on investing rather being a hesistant outsider dragging his feet
Ezra, back in the good old days when it was still a good stock in 2011. Based the purchase on an article in business Times. Exited a few months later for like 50+% profit. Noob at investing then