DE - Invest like a Deere - Why Long Term Matters Under 50For those of you following me for some time you know I am a long term owner of John Deere. At one time the largest position in my portfolio until MPC and NVDA made their runs. However it appears that Deere may be setting up to run again!
There are a lot of Furus and Gurus that post trades, sell trades and many of them don't have the money to even take the trades they post. Like gambling, trading (especially leveraged) can result in losses where you wipe out your entire savings in one trade. Why they are selling trades, because they are broke asses.
Two posts in the chat today were about IONQ and DE both having bull rallies. Now I don't own any IONQ, but there are a few followers that bought it cheaper and sat on it. I traded it, can't remember how that worked out to be honest.
Just look at what Bitcoin and NVDA has done in the past couple years!!! I remember during the crash of 2018 I was getting all kinds of smack from dullards who criticized me buying into the dip, starting sat 13k. Wouldn't you like to own some from 13k now? Yes I have owned NVDA for a long time!
My point here is if you want to really build long wealth, stop paying for Furus and invest your money into quality companies. Yeah sitting on that money is often boring and tedious. Sure there is no adrenaline rush daily when you look at your portfolio. But over time that portfolio grows and grows and grows and at some point you have a nice little nest egg.
Since I have been on here posting I have pounded the table to take a little bit of money and put it away every paycheck, even if it $10-$25. Over time that money will grow and grow and at some point you will be financially secure.
Anyways Deere had a great earnings report and is looking to make a move higher. Tie this into infrastructure spending and some trade deals I think Deere has a lot of room to run over the next couple years.
See the pattern, rally, consolidation, rally, consolidation..... This is what you want to see in your investments, this is the perfect example.
Have a blessed and safe weekend and stop trading quality stocks like Deere!!!!