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Path: ...!news.mixmin.net!news2.arglkargh.de!news.karotte.org!fu-berlin.de!uni-berlin.de!individual.net!not-for-mail From: Jeff Liebermann <jeffl@cruzio.com> Newsgroups: rec.bicycles.tech Subject: Re: Cycling editorial Date: Thu, 06 Jun 2024 10:03:13 -0700 Lines: 52 Message-ID: <hrp36j5qiso63rauf7cialclork5hqkvao@4ax.com> References: <uvpvju$21444$5@dont-email.me> <1h612jhg8dn78cu521rk4jqq7dv141jrub@4ax.com> <uvre13$2aocg$1@dont-email.me> <fti22j1i4df5qd24e1o9hvm6eu0vu251h1@4ax.com> <KdxUN.1801$cEa4.1038@fx07.iad> <uvuu75$38gd9$2@dont-email.me> <uvv937$3e6j5$1@dont-email.me> <KHeVN.24443$Dfwf.1642@fx12.iad> <nm0b2j9i21u3suviv1ntapk2l2ah667c0b@4ax.com> <v06ahk$11r52$3@dont-email.me> <ik68O.47902$Dsz1.42317@fx14.iad> <53426jljqqaj2j2qp42rueeamdtee67bgo@4ax.com> <v3s71r$1frji$1@dont-email.me> Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-Trace: individual.net cOcASt4kRS1jjERVUH+Q/wq1zNOpDNxNzQnkg7M/k9bEAup9ZH Cancel-Lock: sha1:Z03OviCIX41unum6RHs2RZm9/4s= sha256:ci9VuIQkDSZ/rMx/YHmG+ZX2La8YhxzpOKO10wqq7H8= User-Agent: ForteAgent/8.00.32.1272 Bytes: 3811 On Thu, 6 Jun 2024 07:37:31 -0400, Zen Cycle <funkmaster@hotmail.com> wrote: >On 6/5/2024 9:31 PM, Jeff Liebermann wrote: >> On Wed, 05 Jun 2024 23:15:26 GMT, Tom Kunich <cyclintom@yahoo.com> >> wrote: >> >>> Your opinion of HP might very well be true. But because the market tracks inflation, today HP is worth 3 times what it was in 2019. This means that they have been holding their value. I hope you put some of your money in their stock. >> >> In 2019, HP stock was worth about $20. Today, it's worth about $35. >> That's a net increase of 35 / 20 = 1.75 times in the past 5 years. >> If HP was really "worth 3 times what it was in 2019", then it should >> now be selling for $60/share. >> >> > >What I _should_ have done was leave my Agilent shares alone. As I >mentioned previously, HP is a shell of its former self. When the Agilent >split happened, all my HP were converted to Agilent 1:1, IIRC the shares >were in the $25 range at the time. We weren't given a choice for the >options, but were asked of we wanted to keep owned-shares of HP or >convert them. Given my distaste for what the Fiorina regime did to HP, I >chose to convert. Finally, ~15 years after I had been laid off, I was in >a review with my financial planner and we noted the lackluster >performance of Agilent, so I sold it all and invested in a mutual fund. > >Converting everything to agilent was a good move, selling it all >later....Bad move. > > From 2019 on, Agilent has been performing brilliantly, going from ~ >$25/share when I sold to the mid 100's ($133 as of this message). HP is >still only in the $30 range. Given over 20 years of inflation I would >have lost money if I left any in HP. Still, the mutual fund is doing >well and I've made reasonable gains - well more than if I left it in HP, >but not as well as if I had left it in Agilent. Thanks for the details. I don't want to tell my tale of stock market woe. I lost badly in the "black Monday" crash in 1987 and repeated the mistake (to a lesser degree) with the dot-com bubble in 2000. I did well in the 1990's but stayed in the market too long. Since then, I've been risk averse and have avoided any investments in the stock market. Avoiding the stock market may soon turn into another mistake as my savings are rapidly being eroded by inflation. It's not a pretty picture, but at least I have no debt and I have enough cash to survive. -- Jeff Liebermann jeffl@cruzio.com PO Box 272 http://www.LearnByDestroying.com Ben Lomond CA 95005-0272 Skype: JeffLiebermann AE6KS 831-336-2558