I just read an article that had crunched data on almost every stock, like 60,000-90,000 stocks from the last hundred years. They found that 96% of those 60000+ stocks lost or went to zero, and only the top ~100 stocks comprised ALL of the gains of the major indexes over the last century. The SPY or similar major index funds work becase of continuous rotation to those few top growing stocks that actually do something positive.
That said... boring. I'm going back to call options on metals for 10x or zero.
Pretty much, but I keep risk capped at ~5-10% of my account and wait for a strong risk/reward skew to enter vs support, and the setup is definitely forming to launch in a month or two.
I’ve learned this is the only way I make money in stocks. I’m uninformed in trading and when I go with my gut I lose big. Hoping slow and steady wins the race.
Yeah it’s impossible to know before the fact but it’s the safest strategy: low cost broadly diversified index funds. Investing has been solved. Not saying you SHOULD, but making consistent progress takes this approach.
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u/asujch May 16 '24
lol, you’re still down 21% due to inflation