Thank you, AThinkingFool, your perspective was tremendously helpful to me. And I have to add that, right now my portfolio is not exactly the biggest size, as I have only gotten started with saving and investing coming out of a PhD and working my first job since the beginning of the year. It thus is a little less important where I put my money right now and more important how I will keep adding monthly to it, consistently.
What is a “large” position (e.g. 5000$ to 10000$ in a single stock) to me today is probably laughable to anyone here, but still matters to me getting started. For now, my monthly additions still meaningfully shape my portfolio, and I hope that this will become less and less the case over time as my portfolio hopefully grows.
It’s my learning experience, hopefully without big mistakes, but with some mistakes along the way for sure. I think I will simply continue to learn more and follow my best companies over time, while keeping at adding to my positions over time.
Whenever I bring up the topic of investing, even just passive “safe” index funds or dividend aristocrats, nobody in my circle would even dare to think about it. Now think about how it feels doing the “growth” investing thing. Everyone says that I am insane. That things are overvalued and the market is going to crash etc…
I know that the market will “crash” eventually, just not when, and so I just don’t care about that. The only thing I am doing is averaging into positions with my current best ideas. As written before, upon recently discovering this board, I went from 45+ to just 15 positions, radically. Might cost me in terms of taxes and maybe some of those closed positions would have been good, but I value the learning experience a lot more than that.
I might be late for dinner with ZM and many others, but I will for sure not pass up on the leftover food on the table.