I have begun to buy up some lesser known stocks, mainly small caps, that I have found through research. Because I want to show my partner that the time I spending researching stocks and making well thought out, informed decisions (and not being the stereotypical obsessed day trader) I created a phantom portfolio of 10 random stocks.
I was feeling good and beating my random portfolio made on 8/26/2020, which itself had fallen 10%. Today was a bad day all around, except for my random portfolio, which had SPI, which increased by 1260% today and at one point was up by 3100% on the news that this company, SPI Energy, announced an electric vehicle subsidiary today. WOW! What are the chances?
I wonder how often retail investors beat a random portfolio of mostly small and micro caps. Do they usually lose? I am sure some gambling investors have actually tried this, probably with dreadful results. Though with volatility of microcaps like SPI, is it a risky strategy to buy 10 random microcaps, or maybe 100, to get a potentially big return? Or maybe we should all stick to index funds?
Also, anyone on here have SPI in their portfolios for real? Would love to hear.
Submitted September 23, 2020 at 05:30PM by turnwyomingblue https://ift.tt/3hT5TLf
