My Personal Gumshoe Stock

By zwatch, November 11, 2019

When I was a young girl, I remember my Father talking about the stock market and, while a little curious, I also had no interest in pursuing it. I felt it was something for which I would never be involved.

To give a little background, my father had fled oppression in the Old Country and came to America when he was 10 years old.  He never went to school but taught himself to read and write, while learning a new language. And then as an adult he learned about investing and wanted to pass that knowledge on to me.

Now that I’m 86, what great conversations we could have if he were here. Later on in life I stuck my toe in the waters of mutual funds and individual stocks– have learned from my mistakes, and would like to feel I’ve become a little more disciplined and patient in the investment world. However, perfection and stocks are not words that go together! But learning from each experience definitely helps toward the next one. How proud my father would be to know how far I’ve come and how much further I have to go in this crazy world of investments!

About 10 years ago, a college in my area allowed residents to use their computer lab and for a few years I was able to enjoy faster speeds and the camaraderie of people with like interests.  On one occasion a gentleman in the lab mentioned he thought water would be a good investment. At the same time, I had just gotten an email “teaser notice” that a “nuts and bolts”company in the water industry would be revealed.  Just send a check! You know the drill. Not going to do that!  

This was many years ago — I had no idea there was a Travis Johnson out there making life easier for investors.  I guess I became my own Stock Gumshoe without realizing there was already one out there! There was enough sketchy info, including location, in that email to google bits and pieces.  I didn’t have the resources of a Thinkolator but my research sprouted a company called Flowserve (FLS) – indeed one of the nuts and bolts of the water industry.  At that time the stock was $47 – I bought 100 shares 8 yrs ago. It kept rising and I was elated that I had found this company on my own.  Then it split and I now have 300 Shares, worth 3 times what I paid for it, as it has remained stable, between 45 and 52, and probably has reached its peak.  It doesn’t look like it’s going much higher.  But it was my one personal gumshoe stock and I’m keeping it!  

I may  have been a stock detective  for one day, but now I have my own personal Stock Gumshoe and can let Travis do all the work.  Thank you for making it easy!! My father would have been intrigued with your evaluations and, no doubt, he would have become an Irregular!

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

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herbalix
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Thanks for sharing your personal ‘StockGumshoe-ing’ story. It was a pleasure reading it. Funny I remember Flowserve as well. I believe I owned it for a short while, much too short from what I see now. There certainly is a lesson for me to learn from your story. Thanks again … and also thanks to Lynn and Travis for publishing your story. Excellent work as usual.