1/2 I've nearly 20 yrs of investing experience and now wish to pass this on to my 2 children.
I aim to teach them importance of discipline, patience, taking a long term view, compound growth & being systematic.
Jan 1 2020 start balance $300k
Jan 1 2030 target $1.2m
BREAKING: Twitter added an alert below two of Trump’s tweets that spread lies about mail-in ballots. If Trump told the truth this wouldn’t have to happen. But he is a pathological liar and a fraud, so here we are.
Stock Market up BIG, DOW crosses 25,000. S&P 500 over 3000. States should open up ASAP. The Transition to Greatness has started, ahead of schedule. There will be ups and downs, but next year will be one of the best ever!
$SGEN upgraded to Conviction Buy at Goldman Sachs, $246 PT from $178 - Co. poised for both near- and long-term growth on the back of three approved drugs with multiple label expansion opportunities and a "robust" pipeline
I'm still seeing so many tweets from people who want to sell or not buy.
This is not the euphoria that usually accompanies market tops.
Interesting times ahead!
Bears were eventually right in '00. Bears were eventually right in '08. Bears were eventually right in '18. Bears were eventually right in '20
Throughout this time, bears never invested as price was never good enough.
Never take financial advice from the poor.
#lessonformykids
@canuck2usa Irony: It is the bears who since the low have been the experts on Twitter but it's also the bears who are missing out on a generational wealth building opportunity.
Too smart for their own good?
Some people swear by diversification. Others take an opposite view
Key is BOTH. Diverify to begin with (as we cannot know which stocks will be our biggest performers), and gradually cut the laggards as they reveal, and add to the winners
Pull up the weeds. Flowers we feed.
How many positions do you hold in your portfolio and how many of them have you sold at least once?
For me, I hold 30 positions and have never sold 29 of them.
The one I sold has been "the biggest investing mistake I've made so far".
Sold 2/3rd position in $SHOP at $95.
@dhaval_kotecha 8 positions. 60% of portfolio. 2 stocks make up a large part of that ( $LVGO and $FSLY)
40% cash. Much to be deployed this week.
I've shown my children to diversify to begin with (20 positions) and then to cut losers and add to the winners.
Eventually back to few positions.