Look at investment threads from 4 or 5 years ago. One of the questions asked was: Best investment you have ever made in your lifetime? and what was it? ? Here was some of the most painful responses:
1)" AMD. Bought A LOT @ $1.90, sold them all @ $7. Made a lot of money to reinvest. Wonder if it was the right move. I'll wait for Zen to come out and see if it gets higher than that. "
return received- 368%, potential return 4952% Current price AMD $94.04
2)" Bought 100 shares of AAPL in '08 pre-split at about $90 a share. Just sold 700 shares at $117.1"
return received- 900% potential return 3785% apple stock price today 122 (after 7-1 and 4-1 split)
3)"Ethereum and then Augur. Actually the day I converted them both to real money. That was the fuckn best"
-posted 2016 assume they sold around 2015-2016 rough return after 2016--Ether-5000% Augur 800%
4) "I decided to spent literally all of my money in TSLA the first day they came public. Sold them at $150. "
return recieved-785% potential returns 15,706% Tesla stock price today $600 (after 5-1)
There may be things that come up in life; family emergency, purchasing a house, starting a family that may require you to dip into your holdings.
But for the most part, whenever you think of selling an investment, think back to why you bought it in the first place; The wonderful future that the company has, the potential growth in that industry.
Mabey, you bought tec stocks during March and want to cash in your winnings, or you want to lock in profits after some great triple-digit returns the past few years.
I hope these comments from Redditors in 2016 help you reconsider. Don't let CNBC tell what's overvalued and what's not. It's always best to have a long-term outlook for investing. And no, you didn't miss out on the tech boom because it's still here, and it's not going anywhere. In 2020 57% of people in the world have access to the internet. That means billions of new users and customers are being added to companies within the next few years.
Anyone with a brokerage account has the ability to make 3, 4, even 5 digit returns in the next few years. All you need is a keen eye for emerging markets, a high-risk tolerance, a stomach for volatility, and most importantly, patience.
And Don't forget Warren Buffet's advice
- “When it’s raining gold, reach for a bucket, not a thimble.”
Submitted December 06, 2020 at 11:15PM by realitycentrali https://ift.tt/37H480H
