8Mes
I want to be frank: I still think this is utter nonsense. No one, absolutely no one, can achieve such a return over a period of 10 years. Of course you can say: "Charmin, what are you talking about? I've made thirty-three trillion percent with Bitcoin in 10 years!"
Yes, there are assets that perform exceptionally well (but not even Bitcoin every year, as we all know).
@Multibagger We're in a bull market right now and there's little you can do wrong if you're not a complete fool and only invest in meme stocks.
But if 27, 28 or 29 we slip into a bear market, then the 45% net return will quickly become a minus 45.
Let me put it another way: People who have done nothing but trade/invest for decades, and I mean the really, really big ones here, have not achieved such figures. Not even close.
Your plan *might* work in rising markets. But I don't think you've ever experienced a major bear market. Not a small correction like this spring. I mean the kind of plank that lasts for two or three years. With 50 percent and more going down. And it takes years to recover. Cherry-picking is no longer easy.
Yes, there are assets that perform exceptionally well (but not even Bitcoin every year, as we all know).
@Multibagger We're in a bull market right now and there's little you can do wrong if you're not a complete fool and only invest in meme stocks.
But if 27, 28 or 29 we slip into a bear market, then the 45% net return will quickly become a minus 45.
Let me put it another way: People who have done nothing but trade/invest for decades, and I mean the really, really big ones here, have not achieved such figures. Not even close.
Your plan *might* work in rising markets. But I don't think you've ever experienced a major bear market. Not a small correction like this spring. I mean the kind of plank that lasts for two or three years. With 50 percent and more going down. And it takes years to recover. Cherry-picking is no longer easy.
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@Charmin You're absolutely right. That can happen. And the fact that you can easily achieve such returns when prices are rising is only true if everyone is prepared to take the same risk.
The next few years will show whether it works or not. If it doesn't, it doesn't matter. I had an investment of 3000 €. That's a cheap hobby over the next 10 years. 😉😎 I never said it was easy. It's just my own challenge.
The next few years will show whether it works or not. If it doesn't, it doesn't matter. I had an investment of 3000 €. That's a cheap hobby over the next 10 years. 😉😎 I never said it was easy. It's just my own challenge.
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•@Charmin I have one more comment about the professionals. I think they could do it too. But they are subject to too many constraints in terms of region, sectors, types of investment, etc. and, most importantly, they only have the premise of beating the benchmark. They are accountable to investors or bosses and, very importantly, they are in competition. It's not about making 40,60 or 80%. It is enough to perform 1-2% better than your competitors.
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