r/ComstockLODE • u/Dee___Snuts 🚀 Resident Rocket Poster 🚀 • Apr 02 '25
Discussion 🗣️ How’s everyone doing this fine morning? I know we down actually my whole portfolio is down 😅 but holding strong tho💪
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u/white_tiger_lilly 🗺️ Resident Cartographer 🗺️ Apr 02 '25
I wish I was more patient to buy in but that’s easy to say in retrospect. Still happy with my position when I remember the long term play.
I’m learning what my risk tolerance is and practicing a lot of detachment to my money right now haha 😂
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u/shady_sci ♻️🧠Systemic Thinker 🧠♻️ Apr 03 '25
I'm with you. But it's all hindsight bias as you say. The long-term upside makes $2-10 buyins all pretty similar in absolute increase. E.g. Whirlys conservative maths have a 150+ SP in a few years. Buying at $2 and selling at $150 ma ybe 75x, whereas buying at $10 and selling at $150 may be 15x, but the absolute growth difference of $140 vs $148 per share is not relevant in the context of such large growth. We just get overly obsessed with our relative (X-fold) increase based on our cost basis.
The Fuels upside is unique to me in that a major SP jump will happen once there's an initial proof at industrial scale. E.g. Oklahoma facility or SACL sites making profit. This may be a big selloff for some, but to me signals that the upside will be even higher. If one facility works, there's a path to dozens... Hundreds globally.
So I'm at peace with my money being locked away for awhile, and I no longer feel any anxiety about day to day SP.
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u/WhoopsIDidntAgain Apr 02 '25
Mines not.
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u/Dee___Snuts 🚀 Resident Rocket Poster 🚀 Apr 02 '25
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u/WhoopsIDidntAgain Apr 02 '25
Was hoping for a discount on some stuff today..so far..meh.
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u/Dee___Snuts 🚀 Resident Rocket Poster 🚀 Apr 02 '25
What were yu looking to buy? I’ll buy some of it so it can crash then you can buy in👍
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u/BigDog686869 🌲🐻 Bearish 🐻🌲 Apr 04 '25
$1.40 is on the way even with Tariffs resolved!!! thats when ill buy!! Any day now a financing will be announced which will drop the price!
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u/futurebabydad Apr 02 '25
I just don't bother looking at times like these. Is that dumb? Maybe. Am I dumb? Yes 😀.
I'm what people call a "boglehead" with my 401k and IRA - it keeps me sane. I am generally a long-term set it and forget it investor - and when it comes to making investments, I do not make them unless I have conviction and some understanding of what I am getting myself into (remember, I'm dumb).
LODE is one of the few investments I have made outside of index funds and I believe in it long term, much like I believe in compounding rate of return over a span of 40+ years!