I can’t keeping buying these companies. I discovered this board in the summer of last year. During the fall I started to slowly add to the companies discussed here. I eventually bought all in and sold my 10 years of S&P500 shares I held in my ROTH IRA. I slowly moved all that money into a concentrated portfolio used by many here.
I ran out of those funds in Feb. All my new money in my brokerage account has been going to these companies as I continue to catch a falling knife. My father passed away in February and left me a decent sum of money. I added a substantial amount of that money he left me to these companies that have been beaten down the past 6 months. I used to think this was an opportunity of a lifetime, now I’m wishing I never discover this baord. It doesn’t seem to matter what these companies report, they just keep falling in share price.
Datadog and Cloudflare had what appear to be pretty good earnings and are still getting slaughtered. There have been other panic posts and people have seemingly qualmed those fears. I don’t recall a time in Saul’s history where he has been down this much. One of the main reasons I decided to go in this direction is over his investing history, the worst down years of the S&p500, Saul still did better.
I don’t see any way that happens this year. That might be fine for him, since he was up over 200% in 2020.But for people like me,losing this amount of money has come with tons of anxiety to a very chill guy. So instead of adopting this investing style hoping to retire a few years early, it’s now looking like I’ll be retiring a few years late. Luckily in still only 33 and hope things turn around.
Yep, you should sell out. I mean, if you cannot see the value in these companies you really should not be investing.
Save your money, put it CD’s then when you see a good price on a toy, buy it. Then you know you will lose money, but hey! that is the plan.
Works for me. So I am planning on retiring at 70 if I don’t die first.