This is why I called BS when all the housing bears said they’d buy in the next dip or crash. We were literally a few years removed from one and they didn’t buy. The bottom isn’t when bad news stops which is when they’ll feel safe to buy. The bottom is when the news can’t get worse. You’ll see up days on bad news, since it’s not as bad as feared.
I do worry the market is ahead of itself. The odds are there will be some 5-10% pullbacks or corrections. The real question is will people think it’s a pullback and buy or wait thinking we’re in for another 30% plunge.
The weird thing about the market is it’s not about your own opinion. It’s about the herd’s opinion. The herd is often wrong, but they can still move the market in their direction for awhile. You can refuse to change direction and call the herd stupid, or you can make money off the direction they go.
You missed the timeline: in 5 years. No, I don’t believe 20% of SV workforce will go permanently remote in 5 years. They may come in maybe just one day a week to do some face-to-face or have some good old social gathering with coworkers. Normal life is suspended right now so it may seem alien. People forgot work is not just being a cog in the machine. There is a social component.
The stock market prices move below or above the true enterprise value. Stock market has habit of pricing up the companies that have zero or negative earnings. De-listing companies that do not disclose adequately is not about stock pricing but about the full disclosure to the investors.
UPRO is capital weighted 500 stocks and TQQQ is capital weighted 100 stocks.
Asset allocation is the major concern. If you put 10% each on 10 different stocks, and you must exceed all others in the long run when you buy and hold.
If one or two drops heavily on sector rotation, you can not win over UPRO or TQQQ. When you buy UPRO and TQQQ for trading, you can easily allocation 80% or 100% level so that it is supported by 500 or 100 shares.
For buy and hold, better way is VOO and not UPRO, neither TQQQ.
I am not against buy WFH stocks or individual stocks, but asset allocation is the key. There, I see WQJ is super strong on key pickers.