I yolo ed my savings onto ASTS when it was still a spac in 2021 timeframe , yolo everything and avg at $13 (and i did bought at $20 levels and $8 levels).
I ignored all the noises, after I completed all the buyings, I just sat and held on to my 10,000 shares and it certainly felt super stressful when it dropped to $2 level, that’s when I wish I could buy more but I couldn’t as I have a family of 7 to take care of (3 little ones and 2 elder parents; and pandemic sucked as I had no income at all).
Fast track to today, I have 8000+ shares long, had to cash out some shares earlier on last year and during end of covid as I had multiple some family emergencies (including a sudden major lung surgery on myself with covid and was hospitalized for a month big bill), acct now have just a little north of $900,000 usd.
But if you ask me would I ever do this again? Hell yesssss, I followed all the guys like Anpaman and did all the dd at the very very beginning and believed in the tech and the management team and Abe plus all the investors and companies that were onboard; love the spacemobs.
Goal was to survive and hold on to ASTS til it gets to min $500-$600 range. $1,000+ as finale
Hardwork and strong determination pays off. I never day traded as I believe in what Buffet says, if you can’t invest on a company and can leave it alone for 10 years, dont bother trading.
8x in 5 years of time or 150-180% annually.
Next stop $200, then $500! $1,000…
