My $3.5 Million Netflix Mistake_老虎社区_美港股上老虎

My $3.5 Million Netflix Mistake

Motley Fool2021-10-15

Key Points I bought a broken IPO in 2002 of a company called Netflix. You've probably heard of it. I sold 80% of my position a couple of months later for thousands of dollars. It's worth millions of ...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

26629536
·2021-10-15
Ok
回复
3
举报
收起
- 26629536:
  [LOL]
  2021-10-15
  回复
  举报
- 26629536:
  [Sly]
  2021-10-15
  回复
  举报
- 26629536:
  [Cool]
  2021-10-15
  回复
  举报
查看更多 2 条评论
sunshinegirl
·2021-10-15
Ok
回复
7
举报

热议股票

7x24

全部

关于我们·老虎社区守则·老虎社区账号管理规范·老虎社区服务协议·老虎社区隐私政策

公司名称：北京至简风宜信息技术有限公司

违法和不良信息投诉：010-5681-3562（工作时间9:30-18:30）

邮箱：service@laohu8.com

营业执照：91110105MA01A4U55R

ICP备：京ICP备18016422号

网安备：京公网安备11010502036490

关注我们

{"i18n":{"language":"zh_CN"},"data":{"share":"https://www.laohu8.com/m/news/1158716116?lang=zh_CN&edition=full","thumbnail":"","is_english":true,"pubTime":"2021-10-15 17:06","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1158716116","market":"us","top_or_hot":-1,"title":"My $3.5 Million Netflix Mistake","media":"Motley Fool","content":"<div>\n<p>Key Points\n\nI bought a broken IPO in 2002 of a company called Netflix. You've probably heard of it.\nI sold 80% of my position a couple of months later for thousands of dollars. It's worth millions of ...</p>\n\n<a href=\"https://www.fool.com/investing/general/2021/10/14/my-35-million-netflix-mistake/\">网页链接</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>My $3.5 Million Netflix Mistake</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMy $3.5 Million Netflix Mistake\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-15 17:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/general/2021/10/14/my-35-million-netflix-mistake/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key Points\n\nI bought a broken IPO in 2002 of a company called Netflix. You've probably heard of it.\nI sold 80% of my position a couple of months later for thousands of dollars. It's worth millions of ...</p>\n\n<a href=\"https://www.fool.com/investing/general/2021/10/14/my-35-million-netflix-mistake/\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NFLX","symbol_name":"奈飞","start_time":0,"source_url":"https://www.fool.com/investing/general/2021/10/14/my-35-million-netflix-mistake/","article_id":"1158716116","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1158716116","pubTimestamp":1634288798,"sourceInfo":null,"weMediaInfo":null,"summary":"Nineteen years ago I made the smartest investment of my life, followed a few months later by my dumbest decision.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NFLX":"奈飞"},"translate_title":"我350万美元的Netflix,Inc.错误","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NFLX":0.9},"content_text":"Key Points\n\nI bought a broken IPO in 2002 of a company called Netflix. You've probably heard of it.\nI sold 80% of my position a couple of months later for thousands of dollars. It's worth millions of dollars now.\nSelling always feels right, and almost comes as a relief. The real pain follows when you sold too soon on a wealth-altering investment.\n\n\nMy biggest investing success story also happens to be my biggest investing failure. It was 19 years ago -- to the day -- that I wrote about changing my tune on Netflix(NASDAQ:NFLX). I had gone from skeptic of the DVDs-by-mail rental platform after its springtime IPO earlier that year to a believer. I was a subscriber. I was a new investor.\nAnyone that read that piece and followed me into what was a broken IPO of an early stage disruptor is sitting pretty right now. The stock is roughly a 1,180-bagger in that time. That's not a typo.\nI fared even better, having bought closer to the bottom a few days earlier. I picked up 500 shares for roughly $2,600. I would then make the wealth-altering mistake of selling most of my shares a few months later. Selling 80% of my Netflix stock at a modest gain felt pretty good at the time. I didn't realize that I would be leaving millions on the table as I walked away.\nIMAGE SOURCE: GETTY IMAGES.\nSelling is the hardest part\nThe math is cruel. See, those 500 shares would be 7,000 shares today after a pair of stock splits over those 19 years. Selling all but 20% of that position is a story that gets uglier over time. When I initially wrote about my terrible decision back in 2015, it was a $505,845 mistake, as that was the value of the 80% stake that I thought I was so smart for unloading ages ago.\nRevisiting my tale of woe seems to be like a running cab meter. The 80% stake I sold in early 2003 would be worth $802,179 in late 2016, $884,709 by March 2017, and $2.8 million last summer. It would top $3.5 million as of Wednesday's close.\nThe good news would normally be that the other 20% is a pretty good consolation prize. Unfortunately, I didn't heed my own advice. I would go on to sell half of my remaining stake in 2016, taking out the pruning shares again in 2018 and 2020 until what is now just 2% of my original position. I was uncomfortable with how large my position was in a single stock at every juncture, when in reality it should've been a reminder of how my attempts at diversification with the proceeds only hurt my portfolio. The 98% of my initial stake that I no longer own would be worth more than $4.3 million right now.\nNetflix remains my largest holding, and just that remaining 2% stake is worth more than most people earn in a year. I can appreciate that. It doesn't mean that every self-inflicted haircut doesn't hurt when I see what I could've done -- what I should've done -- with all of the hair that has fallen to the floor.\nWe spend so much time making sure we don't make a mistake in the investments that we make that we seem to forget that the real challenge sometimes is when to sell stocks. Art appreciation has nothing on the art of appreciation. The initial relief you get when you sell any position -- winning or losing -- is transitory until you see the scoreboard months, years -- or, in my case -- 19 years later.\n\"My portfolio isn't a one-trick pony,\" I wrote last year, but I should've let that thoroughbred run. That horse is still running.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":824895910,"gmtCreate":1634298586242,"gmtModify":1634298752013,"author":{"id":"3586053412837856","authorId":"3586053412837856","name":"26629536","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586053412837856","authorIdStr":"3586053412837856"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":3,"commentSize":14,"repostSize":0,"link":"https://laohu8.com/post/824895910","repostId":1158716116,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6211010,"gmtCreate":1634298595412,"gmtModify":1634634815774,"authorId":3586053412837856,"author":{"id":3586053412837856,"idStr":"3586053412837856","authorId":3586053412837856,"name":"26629536","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":824895910,"type":1,"supId":0,"prevId":0,"content":"[LOL]","text":"[LOL]","html":"[LOL]"},{"id":6211011,"gmtCreate":1634298602729,"gmtModify":1634634815667,"authorId":3586053412837856,"author":{"id":3586053412837856,"idStr":"3586053412837856","authorId":3586053412837856,"name":"26629536","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":824895910,"type":1,"supId":6211010,"prevId":0,"content":"[Sly]","text":"[Sly]","html":"[Sly]"},{"id":6211012,"gmtCreate":1634298616959,"gmtModify":1634634815557,"authorId":3586053412837856,"author":{"id":3586053412837856,"idStr":"3586053412837856","authorId":3586053412837856,"name":"26629536","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":824895910,"type":1,"supId":0,"prevId":0,"content":"[Cool]","text":"[Cool]","html":"[Cool]"},{"id":6211014,"gmtCreate":1634298627590,"gmtModify":1634634815449,"authorId":3586053412837856,"author":{"id":3586053412837856,"idStr":"3586053412837856","authorId":3586053412837856,"name":"26629536","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":824895910,"type":1,"supId":0,"prevId":0,"content":"[NosePick]","text":"[NosePick]","html":"[NosePick]"},{"id":6211015,"gmtCreate":1634298633094,"gmtModify":1634634815341,"authorId":3586053412837856,"author":{"id":3586053412837856,"idStr":"3586053412837856","authorId":3586053412837856,"name":"26629536","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":824895910,"type":1,"supId":0,"prevId":0,"content":"[Onlooker]","text":"[Onlooker]","html":"[Onlooker]"}],"langContent":"CN"},{"id":824112564,"gmtCreate":1634289436895,"gmtModify":1634289437005,"author":{"id":"3582674103522045","authorId":"3582674103522045","name":"sunshinegirl","avatar":"https://static.tigerbbs.com/44893534d6ffb8b8d6900cdb753dc751","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582674103522045","authorIdStr":"3582674103522045"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/824112564","repostId":1158716116,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":19,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}