Miss following you on Reddit. Very informative and nice enough to give people insight but they would rather argue than listen and make their own decision.
This is the main reason I’ve lurked this forum. Tons of knowledge about topics I’ve recently been getting into… (stocks,real estate,world disasters, etc.) And with not knowing a damn thing about economics or real estate it’s nice to get some advice on books to read, articles, or the good old fashion life experiences from the veterans
I’ve always questioned why they don’t teach you how to succeed financially in high school?
(One answer could be, " you have to pay for that." (degree))
Puru learned the wrong lesson. Buy n hold worked perfectly, with stocks like AAPL. His portfolio is full of speculative high growth stocks. Holding these stocks can be disastrous. QS LILM stand out as unproven tech and unproven companies.
Pros and institutions continue to dump while retail investors (some via ARK funds) are still BTFD. More pain? Many don’t expect like dotcom bust, however, it feels like dotcom bust to me. So far 80+% for some stocks, during dotcom bust many to 99% and bankruptcy… coming soon? Starting with hiring freeze then layoff then bankruptcy.
Performance matters, rest is noise. Despite shrewd switching between stocks and cash, and sophisticated hedging, ytd return is less than passive S&P and AAPL, though higher than NASDAQ. Shortly after five years, we see “the strength of a horse”, 路遥知马力, the performance of an investing approach/ strategy.
You need to keep changing because you are into growth stocks, many of which are unproven. There is no need to do anything if you’re into S&P and blue chips like AAPL MSFT AMZN.
