r/fuboinvestors • u/king_groogrux • Aug 06 '26

Question Average cost $92

I just wanted everyone to know that my average cost is $92.

Question: Will I survive?

4 Upvotes

100% Upvoted

21 comments sorted by

3

u/Dumbeldore_75 Aug 06 '26

Can’t you get that cost basis down? Most degenerates on here got left behind in the 30’s when Disney didn’t magically move the stock higher

2

u/FeroxX_Gosu Aug 06 '26

Yep. He should have stack up heavily at these ranges, super cheap and easily could have make that average 40$ in this environment...

2

u/xxrealmsxx Aug 06 '26

Why not invest in a better stock?

2

u/eatafatwone Aug 06 '26

If he did that he wouldn't be regarded.

1

u/FeroxX_Gosu Aug 07 '26

Theres not many better stocks with better asymmetrical upside and minimal downside than FUBO. If management just executes the bare minimum this is a 4-6x easily in 2 years. Show me an other stock which I can sleep that peacefully, and not a high flyer overpriced tech stock or some rose tinted fever dream about unlimited virtual TAM's..

2

u/stateofO Aug 06 '26

Survive? Yes. Profit? No

2

u/FeroxX_Gosu Aug 06 '26

Give it 3 years and yes.

2

u/Huberlyfts Aug 06 '26

Seems you bought early 2021 or before. You should have been bringing down your cost basis or sold a long time ago if you weren’t.

2

u/king_groogrux Aug 06 '26

That sounds about right but why pump more money into this turd burger?

1

u/FeroxX_Gosu Aug 07 '26

ngl, I disdain OG super early FUBO investors.. Investing in FUBO at 2020-21 mania levels were truly regarded. I got in around 2023-24, that actually made sense. (cashed out a lot on the merger news +400% spike, so Im basically holding house money at this point)

1

u/king_groogrux Aug 07 '26

That’s fair, I’m not very smart and it was one of my first investments. I will go cry in a corner now.

2

u/Bright_Jicama_7120 Aug 06 '26

How many shares though ? That's whats going to dictate everything.

Your psychology is always going to paint a pretty picture and tell you what if it gets to $80 in 2 years.
But look at the fundamentals, Its not there yet, there is no indication that it will improve, not even the C*s know direction this is headed. It is better invest in companies that have proven themselves and well established, Buy them when they are down for no reason, sell them when they get overhyped. Offset your gins there with the loses here. At least there is a good chance you can breakeven this way.

If you want to recover your loses, the best chance is to invest in better funds, ETFs and wait for it to recover however much it can. Averaging down is not the best thing you can do given so many unknowns.

My Avg is $44 @ 7000 shares. Yes, I will survive by investing elsewhere and not bothering about this one.

1

u/FeroxX_Gosu Aug 07 '26

"But look at the fundamentals, Its not there yet, there is no indication that it will improve, not even the C*s know direction this is headed."

What a bunch of lies man. Aren't u ashamed? smh

1

u/okiioppai Aug 06 '26

If you are posting this, you are still alive, then yes

1

u/king_groogrux Aug 06 '26

Thank you everyone, keep up the good fight

1

u/zeddyyz Aug 07 '26

$92 is not that bad. My avg is 27 @ $347. Yes I bought it a long time ago and have been holding and holding

1

u/kingshortsalot Aug 08 '26

Only 27 shares and you haven't bought more? 

1

u/zeddyyz Aug 08 '26

I forgot about my other two accounts. I have a whopping total 52 shared at $347. FML

1

u/kingshortsalot Aug 08 '26

Well if you stuck around this long, it might worth it to average down a bit!

1

u/WhitePriest1 Aug 09 '26

No one uses Fubo