Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 3
When you read that someone owns a stock like JDSU and that his average cost per share is ten or fifteen dollars, that doesn't mean he paid ten or fifteen dollars for it. It has probably never been available for that price except to institutional investors who bought initial ipo shares. To purchase shares of a quality company at ten to fifteen dollars per share, buy it now and wait a few years. The stock will split several times, and you will have purchased it for ten to fifteen dollars per share.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.