It takes less than a couple decades. If I had put everything into S&P500 back in 2007 when I first invested, my portfolio would’ve been $5 million today. That’s enough for a 99% beat.
2007 was a market top too. Imagine doing so at the market bottom (2009).
No idea. History of QQQ is too short. History of TQQQ is even shorter. I like S&P for the reason that @manch recently discovered (thought everybody knew )…
Not your comment on Puru. Notice he is a fintech and e-commerce guy… which happen to be HOT now. Think he got influenced by his knowledge of banks trashing crypto so he didn’t go into crypto.
Notice that already. Is why I stop reading it. His approach works well just after the Great Depression. For current environment, follow Common stocks Uncommon profits by Philip Fisher.
It’s really just a leveraged Bitcoin fund. I don’t know if Saylor really cares about the business at all or just looking for ways to buy more Bitcoins. It currently holds 114K Bitcoins and still buying.
Current market cap: 8B. If it doesn’t collapse under its debt weight, and Bitcoin goes up to $1M and above, could be worth $1T some day.
Over how many years? I see serious drawdowns at least 3 times in the journey to 100x (didn’t compute whether it is possible, just assume you say is correct). Investors have to be able to stomach those kind of volatility and not go into fetal position.
BTW Elon Musk seems to be the only billionaire straddling all the hot areas of today: EV, sustainable energy, crypto and space. No wonder the guy is doing very well. Trillionaire material.