4 ms·
Unless you bought Kodak, Enron or Pets.com. You still have to pick the right stocks. For most it's probably better to buy an index fund. I bought Cisco in 1999
by maxxxxx 8y ago
Unless you bought Kodak, Enron or Pets.com. You still have to pick the right stocks. For most it's probably better to buy an index fund. I bought Cisco in 1999 and I think it's barely back to that level right now and it will probably go down once this bull market ends.
- quietthrow 8y ago“Almost never sell” doesnt mean he never sells. Most people read this quite literally. Giving it more weight than the actual investor. This guy by his own admission sells off when is loss 25% or more. So those positions that you mentioned would have been sold off for tax harvesting reasons. He might have acquired a new position in the same stock if he believed in the company and his investment thesis.
- Fnoord 8y agoIf you diversify enough then a tiny amount in Kodak, Enron, and Pets.com isn't going to hurt you. That whole HODLing thing isn't unique, Bitcoin is just a simulation