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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
by 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 agoThanks OP. Appreciate the clarification.
- dumbfounder 6y agoThis 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 agoIt 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 agoA. 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 agoSell 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 agoThe only bad rules are ones you never break.