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Some thoughts and reflections from my personal investment journey in the recent years & a bit of help for new investors.
Long thread
Long thread
Strategy
I run a concentrated p-folio that lacks diversification. This is my approach & I believe that focusing on a selective list of well researched companies that are undervalued on many metrics gives me a sharp edge over the wider market as long as I pick the right stocks.
I run a concentrated p-folio that lacks diversification. This is my approach & I believe that focusing on a selective list of well researched companies that are undervalued on many metrics gives me a sharp edge over the wider market as long as I pick the right stocks.
Strategy
Its a high risk approach not suited for most & especially not for those who cant do their own research.
Its a high risk approach not suited for most & especially not for those who cant do their own research.
Own Way
I follow (out of curiosity) a variety of investors/traders with different investment styles & strategies and I am happy to see that many end up being successful in the long run - which in turn only confirms that there is no "one fits all" approach/way of making money.
I follow (out of curiosity) a variety of investors/traders with different investment styles & strategies and I am happy to see that many end up being successful in the long run - which in turn only confirms that there is no "one fits all" approach/way of making money.
Own Way
You need to develop your own strategy (based on your portfolio size, risk/reward appetite, personality and other) and then evolve it within time. Making mistakes and learning from them will help you along the way. You (should) learn more when losing money.
You need to develop your own strategy (based on your portfolio size, risk/reward appetite, personality and other) and then evolve it within time. Making mistakes and learning from them will help you along the way. You (should) learn more when losing money.
Twitter
I post my own research to pay back the community as I have learned a lot myself from following & being corrected by others in the past. This has turned me into a better investor & allowed me to make even more money. 10 brains are better than 1 Be careful who you follow
I post my own research to pay back the community as I have learned a lot myself from following & being corrected by others in the past. This has turned me into a better investor & allowed me to make even more money. 10 brains are better than 1 Be careful who you follow
Authorities
Make sure you never buy a share just because someone else (who you consider a better investor than yourself) did. Warren Buffet got shares in a new company ? I dont care. DYOR. Sp targets on broker notes = toilet paper.
Make sure you never buy a share just because someone else (who you consider a better investor than yourself) did. Warren Buffet got shares in a new company ? I dont care. DYOR. Sp targets on broker notes = toilet paper.
Authorities
If you cant rationally justify your buy/sell in less than 1 min, you are probably gambling not investing. Same goes for those constantly asking others for share price targets.
If you cant rationally justify your buy/sell in less than 1 min, you are probably gambling not investing. Same goes for those constantly asking others for share price targets.
Contrarian approach
Try to appreciate those with opposing views. Its healthy. There is nothing wrong when someone tries to warn you, highlighting potential dangers of your investment. My tweets are sometimes critical & so dont follow if you get easily offended.
Try to appreciate those with opposing views. Its healthy. There is nothing wrong when someone tries to warn you, highlighting potential dangers of your investment. My tweets are sometimes critical & so dont follow if you get easily offended.
Contrarian approach
Its usually the pump & dump accounts and weak/over exposed holders who get annoyed the most when you challenge their views.
Its usually the pump & dump accounts and weak/over exposed holders who get annoyed the most when you challenge their views.
Resilience
At the same time dont let anyone influence your decision making, if their arguments are rubbish. Ex - many suggested in the past that there is no investment case in #ARB because it doesnt pay divis & all cash goes into new machines. They are watching & learning now.
At the same time dont let anyone influence your decision making, if their arguments are rubbish. Ex - many suggested in the past that there is no investment case in #ARB because it doesnt pay divis & all cash goes into new machines. They are watching & learning now.
Homework
Be fully aware of your own weaknesses, gaps in knowledge/experience & psychological traps in investing - If things dont work out, change something. "The definition of insanity is doing the same thing over and over again and expecting different results"
Be fully aware of your own weaknesses, gaps in knowledge/experience & psychological traps in investing - If things dont work out, change something. "The definition of insanity is doing the same thing over and over again and expecting different results"
Price of learning
Learn from your mistakes and assume that during the first few years you will lose most of your money. Consider this the cost of tuition. If you remain persistent you will likely recover the losses at some point in the future.
Learn from your mistakes and assume that during the first few years you will lose most of your money. Consider this the cost of tuition. If you remain persistent you will likely recover the losses at some point in the future.
Expectations
Manage your expectations. If professional investors & those who have been in the industry rarely manage to make 20% per year, and the majority of retail loses money - why do you think you will do better? How much time have you spent learning? What is your edge ?
Manage your expectations. If professional investors & those who have been in the industry rarely manage to make 20% per year, and the majority of retail loses money - why do you think you will do better? How much time have you spent learning? What is your edge ?
2020
Last year was an easy year for newcomers who started AFTER the crash, especially those investing in the US. Many made outstanding returns (including myself). Treat carefully and remember that this was a very exceptional period of time.
Last year was an easy year for newcomers who started AFTER the crash, especially those investing in the US. Many made outstanding returns (including myself). Treat carefully and remember that this was a very exceptional period of time.
DYOR
Learn to read financial statements! This was the one most important thing that turned my investment returns around in the past. If you havent fully read all key RNS announcements of the company you invested in, you will sooner or later pay hard for this mistake.
Learn to read financial statements! This was the one most important thing that turned my investment returns around in the past. If you havent fully read all key RNS announcements of the company you invested in, you will sooner or later pay hard for this mistake.
Contribution
Post your research notes and be open for critique, this way you will learn much faster. Engage with the community and have something to offer if you expect to gain. I am seeing way too many
& rockets instead of quality threads.
Post your research notes and be open for critique, this way you will learn much faster. Engage with the community and have something to offer if you expect to gain. I am seeing way too many
& rockets instead of quality threads.
Change
You need to be able to adapt. The world is changing around us. By own example - I feel much more comfortable with commodities & resource stocks, but have invested heavily into a crypto related company after spending over a year researching the space.
You need to be able to adapt. The world is changing around us. By own example - I feel much more comfortable with commodities & resource stocks, but have invested heavily into a crypto related company after spending over a year researching the space.
Change
I did not like crypto at the beginning, but trend is your friend. Generational changes are taking place. 2021 is not 2001 nor 1981. Going out of my comfort zone has multiplied my wealth. Be a smart investor not a Peter Schiff type of person.
I did not like crypto at the beginning, but trend is your friend. Generational changes are taking place. 2021 is not 2001 nor 1981. Going out of my comfort zone has multiplied my wealth. Be a smart investor not a Peter Schiff type of person.
Niche
You dont have to be invested in all hot stocks. Pick a niche that you like and learn as much as you can about it. Become an expert who can talk equal-to-equal with professional analysts within that space.
You dont have to be invested in all hot stocks. Pick a niche that you like and learn as much as you can about it. Become an expert who can talk equal-to-equal with professional analysts within that space.
Rainbow Chasing
I was invested in the worst possible sector during the recent market crash - oil & gas. Two black swan events (pandemic+oil war) temporarily destroyed my portfolio. But i was well researched with my shares and remained calm (...)
I was invested in the worst possible sector during the recent market crash - oil & gas. Two black swan events (pandemic+oil war) temporarily destroyed my portfolio. But i was well researched with my shares and remained calm (...)
Rainbow Chasing
(...) , adding all the way down instead of selling, to my then biggest conviction play #RRE . It paid off & simply shows that if you pick the right companies you will make money, doesnt matter what sector. Dont chase rainbows.
(...) , adding all the way down instead of selling, to my then biggest conviction play #RRE . It paid off & simply shows that if you pick the right companies you will make money, doesnt matter what sector. Dont chase rainbows.
Portfolio
Gains > 3400% from the mid of the pandemic till now. I have taken seven digit profits out of #ARB and can retire with immediate effect. But I believe that this is still the beginning of my journey rather than the end of it. Wish me luck.
Gains > 3400% from the mid of the pandemic till now. I have taken seven digit profits out of #ARB and can retire with immediate effect. But I believe that this is still the beginning of my journey rather than the end of it. Wish me luck.
Argo Blockchain
The story has not ended yet and I will be on board throughout most of the bull run. The acceleration of interest from professional investors & mass adoption are likely going to cause #btc
price to hit the upper predicted range of $100-$240k within the year (...)
The story has not ended yet and I will be on board throughout most of the bull run. The acceleration of interest from professional investors & mass adoption are likely going to cause #btc
price to hit the upper predicted range of $100-$240k within the year (...)
Argo Blockchain
(...) I will definitely not let this opportunity slip through my fingers and neither should you! But DYOR first.
(...) I will definitely not let this opportunity slip through my fingers and neither should you! But DYOR first.
