Basically, completely reversing course:
1) Focusing on the winners (FAANG and those that sell shovels to the gold miners)
2) Momentum driven companies where tons of liquidity is flowing to (TSLA etc)
1) Focusing on the winners (FAANG and those that sell shovels to the gold miners)
2) Momentum driven companies where tons of liquidity is flowing to (TSLA etc)
Piling onto an investment trend late is the classic retail investor mistake - because most of the upward movement already happened and that leaves limited upside and large downside potential.
I don't recommend that as an investment strategy. It would be safer and likely better to just buy the index instead.
If you want to make money actively investing you really need an insight that most other investors don't yet have.
In a bull market you can make money picking stocks with darts, but that doesn't make it a good strategy.
To be clear to the three instant downvoters, I'm saying parent is deluded and is going to lose repeatedly, not that active investing is a losing proposition in general:
> 2) Momentum driven companies where tons of liquidity is flowing to (TSLA etc)
Put the money in the money thing! Yea! Parent is the portrait of sad hype-driven retail investor.
Someone is.
Realize that part of active investing is you have to beat the returns of VTI + your current job / biz income.
Careful on the investment lectures.
If that was true everyone would be doing it, and then the advantage would go away.
In short: if you think there's a "tried-and-tested strategy" that outperforms over anything but the short-term, then you either reject the efficient markets hypothesis--which would be pretty remarkable--or you don't understand it.
You seem to be doing the opposite.
Most of my positions were already closed out last month. So all the above thesis’ that said I was doing the wrong thing were.... wrong.
I also have significant positions that are DCA boring stuff, angel investments, real estate, all across the board. As well as I do a lot of selling premium in the options markets (theta gang).
It’s funny how folks are quick to lecture... :)