Ed: I can only speak for myself, but I have bought IOMG four times, even though I have more than doubled my money.
The reason is that my initial investment was only a small portion of my portfolio. After it doubled I bought 4 times as much. After another 50% rise I bought more. Then, after it doubled again I bought more.
By the end of this series I had still invested only 10% of my money in IOMG. However, IOMG has grown to be 30% of my portfolio. :-)
So, the answer to your question "If one invested 5,000 and it turned in to $50,000. What's the point of adding another $5,000?" is: you DON'T. You add another $50,000!
And let me say that quintuppling my investment in IOMG EVEN AFTER IT HAD DOUBLED was the smartest investment I ever made.
Another point: Even if you have, say, $100k in IOMG it still makes sense to buy 10k more. If you have a stock that's not performing, you sell it and buy stocks that ARE performing. I do that all the time. Why own a dog when you can own the best? |
