I strongly disagree with this logic. The actual price of the stock should have little consideration if you buy it regardless of your income. That is there is virtually no difference between a company with 1 million shares at $1000 and a company with 100 million shares at $10. It is the same investment. The argument that you can buy 1/2 a share (50 shares at $10) instead of 1 share at $1000 is weak. If you need the cash just save longer to buy the share.
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The fundamental question should be benefit vs risk for this opportunity vs other opportunities.
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We have to look at why the company did well historically and its prospect for continue growth in traditional markets as well as new markets vs the competition and changes in landscape.
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Given the current price (not price of the stock but valuation of the company relative to other factors) I presonally think it is a risky investment esp if we are talking about a 5 year window. I can see a lot of reasons why growth would slow or why the stock might go negative relative to the current valuation vs the potential for growth acceleration or valuation acceleration (valuation acceleration a term i am coining is when the stock price goes up on expectation and is not relevant to whether that expectation is realized).
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You might argue that my view is incorrect or you disagree with my view but to argue that the actual price of a share makes it a bad investment without regards to valuation or market cap is imho a very poor and dangerous (as in bad advice) to be making.
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this doesn't mean you are right or wrong with regards to what the future holds for the stock but if you are right (or wrong) it is imho for the wrong reason.
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Last but least yes I understand you were not commenting on the investment itself but rather claiming that people shouldn't be investing $250 in one shot. Another point I would disagree. The average person should be saving quite a bit more per year esp when ti comes to retirement account. Yes i understand some youngsters will be hard press to do that but if they can afford a game console and a few games they can certainly afford to save a bit.
Indeed, you completely misunderstood what I said. I don't even understand how you came up with all that based on my statement.
In no way whatsoever did I say it wan't a good investment or that people shouldn't be investing $250 in one shot.
All I said is that the average joe isn't buying stocks at $250+ a share. That's a fact not an opinion.