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If he spent $1k on this because he truly enjoys it and it went up 100x is that reason to not take him seriously? It’s a good list. Yes this allocation of assets

If he spent $1k on this because he truly enjoys it and it went up 100x is that reason to not take him seriously? It’s a good list. Yes this allocation of assets stands out and needs more explanation... but it doesn’t invalidate the rest.

vsskanth 6y ago
OK this is a fair point. Never thought of it this way. Only OP can clarify but I hope it's just something he spent play money on that shot up 100x or something. However, the rest of his portfolio isn't something I would emulate either. I would consider someone more credible if they practice what they preach.
- aadillpickle 6y ago
  Yeah totally fair point - bought those cards half because I'm an nba fan, half because I thought they'd pump - I def don't think this makes me a good investor I just got lucky. I put in less than 10% of my net worth in for fun - it just ended up growing. Verify here if you don't believe me: https://evaluate.market/accountValuation?externalUserName=aadil https://evaluate.market/accountValuation?externalUserName=aa... As for the rest of the portfolio, don't emulate it! Do what works for you, that's what the section below is for - I'm just being transparent. Most definitely consider more credible people, I just hope my suggestions might save people from the devil that is inflation.
  - vsskanth 6y ago
    Thanks OP. Appreciate the clarification.
  - dumbfounder 6y ago
    This doesn’t add to your credibility :). Your net worth is peanuts right now but as long as you are thinking about it this hard you will have a whole truckload of peanuts in 20 years.
  - id 6y ago
    It makes you a terrible investor - 10% was already a bad move - but holding them now that they are 35.5% of your net worth is insane. Yes it might work out again but so does playing the lottery.
    - dumbfounder 6y ago
      A. They are young, that makes all the difference in the world. You should take more risk when you are younger. B. You don’t immediately sell your risk bets when they start making you money, it completely mitigates your upside. Knowing when to say when is hard, but the general philosophy of removing the risk bets when they are making money is a bad one methinks.
      - jonfromsf 6y ago
        Sell half once it doubles. Then you can tell yourself you're playing with the houses money and you never sell unless you realize it's a bad investment.
        dumbfounder 6y ago
        The only bad rules are ones you never break.

vsskanth 6y ago

OK this is a fair point. Never thought of it this way. Only OP can clarify but I hope it's just something he spent play money on that shot up 100x or something. However, the rest of his portfolio isn't something I would emulate either. I would consider someone more credible if they practice what they preach.

aadillpickle 6y ago
Yeah totally fair point - bought those cards half because I'm an nba fan, half because I thought they'd pump - I def don't think this makes me a good investor I just got lucky. I put in less than 10% of my net worth in for fun - it just ended up growing. Verify here if you don't believe me: https://evaluate.market/accountValuation?externalUserName=aadil https://evaluate.market/accountValuation?externalUserName=aa... As for the rest of the portfolio, don't emulate it! Do what works for you, that's what the section below is for - I'm just being transparent. Most definitely consider more credible people, I just hope my suggestions might save people from the devil that is inflation.
- vsskanth 6y ago
  Thanks OP. Appreciate the clarification.
- dumbfounder 6y ago
  This doesn’t add to your credibility :). Your net worth is peanuts right now but as long as you are thinking about it this hard you will have a whole truckload of peanuts in 20 years.
- id 6y ago
  It makes you a terrible investor - 10% was already a bad move - but holding them now that they are 35.5% of your net worth is insane. Yes it might work out again but so does playing the lottery.
  - dumbfounder 6y ago
    A. They are young, that makes all the difference in the world. You should take more risk when you are younger. B. You don’t immediately sell your risk bets when they start making you money, it completely mitigates your upside. Knowing when to say when is hard, but the general philosophy of removing the risk bets when they are making money is a bad one methinks.
    - jonfromsf 6y ago
      Sell half once it doubles. Then you can tell yourself you're playing with the houses money and you never sell unless you realize it's a bad investment.
      - dumbfounder 6y ago
        The only bad rules are ones you never break.