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I'm 33. My investment strategy is to not lose money. I invest what I'm willing to lose in assets that either have cashflow, or that I expect to significantly i
by alexmingoia 6y ago
I'm 33. My investment strategy is to not lose money.
I invest what I'm willing to lose in assets that either have cashflow, or that I expect to significantly increase (2-100x) in value over the next 1-3 years. I'm invested in various cryptocurrencies and stocks, and receive cashflow from businesses.
I do not own index funds or any kind of managed funds.
- FabHK 6y agoCould you elaborate a bit on how and with which investments you want to make a 100% to 9900% return over 1-3 years, while not losing money? You seem to have some world class strategy at hand. (FWIW, I would not plan on anything more than 6% p.a. in real terms over the next decade.) Or did I misunderstand you, in that you put most in conservative investments, and only the fraction that you're willing to lose into wild x100 gambles?
- alexmingoia 6y agoI think it's simple to make great returns if you only pick products that are in high demand by consumers and are crushing their category. And preferably get in as early as possible. I completely avoid investing in anything that is less than stellar. That's one of the reasons I can't stand index funds. So many stocks in a fund are obviously losers or mediocre companies/products. I'm very patient. I don't go looking for investments. I keep money around to invest, and when an opportunity is clearly a winner I put money into it. A year ago I think it was obvious Bitcoin, Ethereum, Handshake, Taiwan Semiconductor, Tesla, Apple were all going to be great investments. To me, diversification means not to put everything into one basket, but not to spread it around into a bunch of mediocre or obviously bad investments.