Milestone reached ✅

Echsenkönig Atokarn@Bezehgombjuderstimme

5D

@Bezehgombjuderstimme At the beginning I didn't want to bet so much on one share either, but then Rocket Lab didn't stop rising and at some point I wanted to go all in and it paid off. 😅 I'm still convinced.

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@Shiya I'll keep my fingers crossed for you. Have you set up a sell order so as not to lose too much in case the thing crashes?

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BartS@Weissach

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That's what I call a trade, great!

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@Bezehgombjuderstimme No, I have not, as I am convinced of the company in the long term and believe that the next 3-5 years will be wild. 🚀

But I won't be buying any more. I'm building up cash now and will then invest in new companies.

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@Weissach danke!

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Tobi@Tobiwankenobi500

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Happy for you Klumpenshiya 🖤🙏

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Dunning-Kruger@Dunning-Kruger

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@Tobiwankenobi500 In this case, I like to be called that. 🖤

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@Bezehgombjuderstimme "Lump risk his great-grandfather"
I can't take any more 😂

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M.o.o.n@Ombre89

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@Shiya Courage must be rewarded, right?

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M.o.o.n@Ombre89

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@Ombre89 But how do you come up with such a blatant investment?

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Ver todas as 4 restantes respostas

5D

Everyone is talking about diversification. You have $XLY 😂

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@Epi Haha, yes, only a few days ago as a small gamble. 😂 And directly -25%.

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5D

@Shiya Watch out for the self-attribution bias!

If 10 people start rolling dice and one of them rolls a 6 three times in a row, this does not mean that he is particularly good at rolling dice.

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2D

@Epi what have you learned?

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1D

@leveragegrinding Reading, writing, arithmetic. And you? 😁

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1D

@Epi Are you serious😂😂 Training or studying?

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1D

@leveragegrinding Study. Why?

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1D

@Epi no idea, interested 😂
You know how to work scientifically, implement classical investment theory and seem to be interested in behavioral psychology, so I was curious if and how you get there outside of a business degree.

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1D

@leveragegrinding Apart from scientific work, my approach has little to do with my degree subject. Business studies was never for me. 😅

But since I started earning significantly more money than I need a few years ago, I wanted to buy myself a lifetime with it and retire much earlier. But that's only possible with excess returns and under-risk. And that's where I need financial science: macroeconomics, financial market theory, portfolio theory and market psychology. The publications here help me to sort things out for myself and sometimes have nice people like you sort them out even better. 🙏

Still going quite well too. My IRR has been relatively constant at 35%pa since 2021. If this continues, I can reach my goal in 3-4 years. And then in 10 years I can start an academy.🤞

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1D

@Epi The Epi Academy? :)

So you don't think business studies/ economics is sooo bad after all ;)
but respect, 35% without trading is really good.

What did you actually study?

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Danysfuture@strategy_savant_1068

1D

@leveragegrinding Well, business administration and economics aren't even called sciences. 😅
I use a few tools from them and rather try to understand the paradigm in which economists think in order to exploit the gaps - a bit like I described in my Momentum post. 😏
Where do you learn to understand and criticize paradigms if not in philosophy?

I'm very happy with the 35%pa (even if past performance doesn't tell you much and complacency makes you sluggish). But as I said, that's including deposits, which account for another 10-15%pa. In the long term, I would like to keep my entire portfolio at 20%pa. It is possible, my 5 strategies all have an uncorrelated long term performance of 15-30%pa. To understand such statements, you simply need financial science. 😅

And I wouldn't say "without trading". I have a trading portfolio in which I trade on a weekly basis from time to time and in my GTAA portfolios I trade on a monthly basis. Only day trading is too demanding, time-consuming and, to be honest, conceptually boring for me. But there are aspects of day trading that I enjoy, as you know. 👍

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5D

Congratulations and hopefully Rocket Lab will go to €60 next year. You have to have as much balls as you. 🎉🥳

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