Thanks and also to others that answered.
Well if I buy the 25K I will increase my position with around 20% so I already have a few.
I am still fairly spread out in other stocks but if I get those shares the boat will start listing a bit to BRN side, LOL.
Yes the CEO seems like the real deal, knows what he is talking about, honest and very likely very hard working and he makes it clear he can't in most cases tell us who dealing with the company but the ones we know about are very high profile in their different sectors.
When a company is hiring is always a very good sign, expanding the sale staff and also engineers, they are very busy it seems, a super good sign.
I know most people here are very bullish and so am I and I can't really find any negative things about the company and their Alkida chips since no one else have anything like it on the market.
I don't know if any of the big chip companies are getting closer to make a chip that can compete to Alkida? that's my biggest fear right now.
The big companies spend millions if not billions into research and they are not stupid so I wonder when they can come up with a similar product?
Can I make something clear Guzzi none of those that have replied have offered you advice what they have offered you is simply their opinions.
ASIC has currently a blitz on and is shutting down and prosecuting what they call financial influencers on social media.
We here cannot give financial or investment advice but we can give opinions.
Here is a fact that you might not have considered.
If you have $10,000 in your superannuation account in retirement and you need $1,000 a year to survive on then you need a minimum return of 10% every single year until you die to maintain your principle and earn the $1,000 you need to live on.
Now if there is an inflationary environment you need the returns to exceed the $1,000 so your principle increases so that the $1,000 can increase each year just to maintain your living standards.
However we constantly hear from so called investment advisors taking their commissions rain, hail or shine about having to accept the swings and roundabouts as nothing goes up in a straight line. This is probably the only true or accurate thing I have heard said by that industry. So taking the example above let’s assume the following:
You have $10,000 to retire on and you need $1,000 to live on.
In the first year of your retirement instead of a 10% increase you have a 10% loss. So now your $10,000 is $9,000 but you have to live so you take out your $1,000 so now you have $8,000.
The next year the market turns around and you earn 10% so you have $8,800 less $1,000 to live on so you have $7,800.
The point of all this is you need much larger returns on the upside to get back to square one.
It therefore makes sense to actively seek out opportunities and greater returns but every investment opportunity comes with risk and everyone’s tolerance for risk is different.
As such the only person you should take notice of is yourself and your own research.
That research can include the opinions of others but in the end it is your decision and you need to be comfortable with how it turns out.
My opinion only DYOR
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AKIDA BALLISTA
semiengineering.com
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