3 ms·
Only if you care about percentage gains more than dollar amounts. Depending on how much meta he actually bought, he may have made more money today with the s&p
by thunky 4y ago
Only if you care about percentage gains more than dollar amounts.
Depending on how much meta he actually bought, he may have made more money today with the s&p's 0.22% gain that he's made with meta all time.
But meta probably feels like the big winner.
- sicp-enjoyer 4y agoI don't see how that's the case. If he had 95% of portfolio in S&P and the FB he bought was 5%, he still did better in dollar terms than 100% S&P.
- thunky 4y agoWe can't know unless we know how much meta he bought and how much s&p he owns (if any). But 5% is probably much more than anyone should allocate to a single stock. And just to demonstrate my point, he could have bought 1 share of meta a couple months ago for $100. And he could have $1 million in his 401k.
- sicp-enjoyer 4y agoAnd that 1 share still outperformed the equivalent amount of S&P.
- thunky 4y agoRight, but my original point was that no normal person (including OP) dares to take such a risk with a single stock, so in real life there is no "equivalent amount of S&P" in the equation.
- kgwgk 4y ago> But 5% is probably much more than anyone should allocate to a single stock. With the exception of Apple?