I have some sad and shocking news to report today. Not everyone on the Avenue is nice. In addition to the thieves and scoundrels, some folks are just selfish, mean, and uncaring. Now I know someone is going to remind me that if I expect nothing, I will never be disappointed. Holy Week reminds me to turn the other cheek and repay evil with kindness. I am not arguing, but I wonder if I have deep enough pockets to survive that strategy. A rambling preamble is a bad way to start; so here it is. Someone sold my shares. What should I do?
My usual procedure is to whine; then block. I whine to give someone with an honest error an opportunity to amend. Hasn’t happened yet, but perhaps someday. When I explain what is about to happen, I am often greeted with…but it’s nothing personal. I grin a bit when I hear that. Can there be a more profound misunderstanding of social media? SM is all about the personal. If you lose the personal, how is SM different from old school, broadcast advertising? EA is as personal and intimate as you can get with G rated social media. We are buying and selling our friends. How do you identify most of the accounts….with a person’s NAME. The symbol that explicitly identifies ME!
The only thing funnier is when a seller accuses me of ‘threatening’ them. Really? You just sold me, but when I tell you I intend to reciprocate your kindness…I am mean? Perhaps it goes back to my premise of selfishness. Sellers don’t seem to understand my irritation at being sold, but they are all in on hating me when I am ready to sell. I get sold without a comment, but when I have the courtesy to provide someone an opportunity to save themselves….I become the bad guy? Yes I am going to sell you. Yes I am going to block you. Yes I know what it will do to you. Yes I am sorry, and I even feel a bit sad for you. On the other hand, I object to supporting bad behavior; because that seems to encourage the sinners.
Some folks wonder why I block the miscreants. I have several reasons.
1. I practice reciprocal investing. Up to 1,500, I have matched every active investor(10 EA actions per week). If you invested in me to stimulate a buy, it works perfectly. If you then turn around and sell my shares, eventually I won’t have enough income to continue this practice.
2. I work to support my shareholders. I care that I provide reasonable dividends and share price increases for my faithful investors. When an investor sells, the value of a share decreases. That is bad for everyone who is still invested. That sale didn’t just irritate me, it reduced the value for everyone who trusts and believes in me.
3. I use a third party investment management tool. I am not one of the ‘big guns’…yet, but still it is unreasonable to attempt to deal with thousands of stocks and a zilllion buys with only the tools that EA provides. I buy a ton based on criteria; so if I don’t block the offender, I am likely to repurchase unintentionally.
4. I want to invest in folks that I care about and who care about me. I have some pure, by the numbers investments, but they are just an interest bearing savings account for me. The greater income allows me to invest and support others. Investing is a real connection with a real person.
5. Finally there is a bit of what I learned as a kid on the playground. If you don’t want to play with me, I don’t want to play with you. Selling an investor seems to be a loud message that my value to you is gone.
We play a social game where we each benefit when we work to support each other. I want to be connected to folks with similar goals, values, and concerns. I want us all to win…though we might need to gang up on Kevin!
Now this does not mean that I never sell anyone. I would like to be able to hold all my investments; but I have limits of patience, energy, and income. I make bad judgments with some investments. Folks quit the game, lose their minds, or just play poorly. I sell to clear my portfolio, recover eaves, and avoid losses. I try diligently to make sound decisions. I don’t always get it right.
I have a bond with my investors to take care of them, and trust that they will do the same. I remember a while ago, one of my investments seemed to disappear. I sent a message on FB asking if he had quit. He apologized for his inactivity but explained that Hurricane Sandy had destroyed his home. I can hold him. Some stuff is more important than eaves…in fact most stuff is way more important than eaves.
This post might stir things a bit. I certainly understand that many will not agree with me, and I am fine with that. I am delighted by the differences that each of us bring. I really want your input. I care about what you think…but…Please, pretty please, pretty please with sugar and whipped cream on top, be reasonably polite. I am sure that we can disagree without being disagreeable.