5 ms·

> If you were looking for the next Beanie Baby for the last 20 years, do you think you would've found it? Even easier, if you just pick the right 6 numbers yo

by Natsu 5y ago

> If you were looking for the next Beanie Baby for the last 20 years, do you think you would've found it? Even easier, if you just pick the right 6 numbers you could end up with millions of dollars.

raffraffraff 5y ago
Unfortunately this is why I've given up on investing anything more in stocks or crypto. Everything I invested since before COVID is down. My coinbase account currently has only 34% of the value I put into it 2 years ago, and I spread my investment over the top 5 hot currencies at that time (ethereum, cardano, algorand, sushi, bitcoin). My stock investments are doing better at 65% of what I invested (tech, engineering, infra, pharma). Most are doing ok (down about 10%) but one in particular has absolutely tanked even though their pharma products are doing great and they've got two promising drugs in clinical trials. It's value has gone down 65% in the last year. People will tell you to do you DD but the simple fact is, you can't. The market doesn't operate on any type of logic, a cat can do as well as a stock broker at picking stocks, and huge investment firms only win out in aggregate because they can (usually) absorb gigantic losses. Right now I'm "bag holding" for the foreseeable. I consider these things "back pocket lottery tickets" that might one day give me a small win. But for the future I'm maxing out my pension and saving enough to buy a rental property, because one thing that has never dipped through boom and bust (at least where I live), is rent. Edit: I lie, part of my TC is stock, so wherever I work, I am "investing in them" too
- ddorian43 5y ago
  > People will tell you to do you DD No they do not tell you to DD. Just do boggleheads method. And its your fault for "investing" in shitcoins (all coins are shitcoins). And the time horizon is 20 years and not 2. You can buy a house and it needs a repair in the 2nd year and you are again in the hole. You get a bad tenant and again bag holding. Everybody has promising clinical trials all the time.
- tasuki 5y ago
  > investment [...] hot [...] at that time I don't think "hot at a point in time" is a good way to choose investment. Perhaps exactly the opposite? Edit: uhh, and the other things? I honestly think you were a little unlucky...
  - antifa 5y ago
    Atleast he's not both buying high _and_ selling low.
- Gortal278 5y ago
  > Unfortunately this is why I've given up on investing anything more in stocks or crypto. Everything I invested since before COVID is down. My coinbase account currently has only 34% of the value I put into it 2 years ago, and I spread my investment over the top 5 hot currencies at that time (ethereum, cardano, algorand, sushi, bitcoin). You may want to reconsider investing in crypto too if you are down %65.
  - sizzle 5y ago
    Eth was -$100-300 about 2 years ago and now $3k and Btc ~$8-12k now up ~$40k, exactly how are you down investing in top 5 projects 2 years ago or am I missing something? You should be up significantly and I’m kicking myself for not investing.
    - deleted 5y ago
      [deleted]
    - raffraffraff 5y ago
      What killed my investments was the advice to "diversify your investments" (or as I think of it, "spread your bets"). Look at charts for ADA, SUSHI and ALGO over the past 1.5y and imagine getting in at the wrong point in all of them. Plenty of opportunity for losing most of your investment. On average I've done poorly. If I had only invested in BTC and ETH I would have done great, but that would have been against all good advice.
      - sizzle 5y ago
        ah I see, win some and lose some. Hopefully you can dollar cost average you way to profitability moving forward
  - sizzle 5y ago
    Sorry my reply was meant for @raffraffraff

by Natsu 5y ago

> If you were looking for the next Beanie Baby for the last 20 years, do you think you would've found it? Even easier, if you just pick the right 6 numbers you could end up with millions of dollars.

raffraffraff 5y ago

Unfortunately this is why I've given up on investing anything more in stocks or crypto. Everything I invested since before COVID is down. My coinbase account currently has only 34% of the value I put into it 2 years ago, and I spread my investment over the top 5 hot currencies at that time (ethereum, cardano, algorand, sushi, bitcoin). My stock investments are doing better at 65% of what I invested (tech, engineering, infra, pharma). Most are doing ok (down about 10%) but one in particular has absolutely tanked even though their pharma products are doing great and they've got two promising drugs in clinical trials. It's value has gone down 65% in the last year. People will tell you to do you DD but the simple fact is, you can't. The market doesn't operate on any type of logic, a cat can do as well as a stock broker at picking stocks, and huge investment firms only win out in aggregate because they can (usually) absorb gigantic losses. Right now I'm "bag holding" for the foreseeable. I consider these things "back pocket lottery tickets" that might one day give me a small win. But for the future I'm maxing out my pension and saving enough to buy a rental property, because one thing that has never dipped through boom and bust (at least where I live), is rent. Edit: I lie, part of my TC is stock, so wherever I work, I am "investing in them" too

ddorian43 5y ago
> People will tell you to do you DD No they do not tell you to DD. Just do boggleheads method. And its your fault for "investing" in shitcoins (all coins are shitcoins). And the time horizon is 20 years and not 2. You can buy a house and it needs a repair in the 2nd year and you are again in the hole. You get a bad tenant and again bag holding. Everybody has promising clinical trials all the time.
tasuki 5y ago
> investment [...] hot [...] at that time I don't think "hot at a point in time" is a good way to choose investment. Perhaps exactly the opposite? Edit: uhh, and the other things? I honestly think you were a little unlucky...
- antifa 5y ago
  Atleast he's not both buying high _and_ selling low.
Gortal278 5y ago
> Unfortunately this is why I've given up on investing anything more in stocks or crypto. Everything I invested since before COVID is down. My coinbase account currently has only 34% of the value I put into it 2 years ago, and I spread my investment over the top 5 hot currencies at that time (ethereum, cardano, algorand, sushi, bitcoin). You may want to reconsider investing in crypto too if you are down %65.
- sizzle 5y ago
  Eth was -$100-300 about 2 years ago and now $3k and Btc ~$8-12k now up ~$40k, exactly how are you down investing in top 5 projects 2 years ago or am I missing something? You should be up significantly and I’m kicking myself for not investing.
  - deleted 5y ago
    [deleted]
  - raffraffraff 5y ago
    What killed my investments was the advice to "diversify your investments" (or as I think of it, "spread your bets"). Look at charts for ADA, SUSHI and ALGO over the past 1.5y and imagine getting in at the wrong point in all of them. Plenty of opportunity for losing most of your investment. On average I've done poorly. If I had only invested in BTC and ETH I would have done great, but that would have been against all good advice.
    - sizzle 5y ago
      ah I see, win some and lose some. Hopefully you can dollar cost average you way to profitability moving forward
- sizzle 5y ago
  Sorry my reply was meant for @raffraffraff