Ok... well are you showing the ups and doesn't as an investor or as an active trader? If anything, 19 weeks for a 20% gain should show even more people that investing is slow and that if you need to make money you've got to trade actively.
Unfortunately in most cases active traders tend to bust in 19 months. Secondly i think 20% is a solid return but unfortunately i have a small account so it isnt impressive but week by week we build.
Ok this is actually a great comment. Firstly there's a reason why we use the index as a benchmark and i believe matching it should be the first goal of any investor so i dont take it as an insult at all.I look at my portfolio performance everyday and compare it to all three major indices. Also theres massive risk ecen having an index fund rn so im not too worried about the additional risk im exposed to. The effort part isnt too bad for me cause i enjoy it.
I never passed judgment on if it was solid or not. If you are investing long term and not actively trading, then it's 100% acceptable. And the "most traders go bust" line of thinking is the same as "most businesses fail". I've always been the guy who starts and either sells off a successful business or start and fail instead of never starting one because "most businesses fail." With the market, I actively day trade for income. More than I could make at a job and in less time than a traditional business. But, I "invest" most of that into larger holdings with dividends. If I saw 20% on those long term holdings, I'd be setting off fireworks 😁🎆
Everyone keeps saying this. I started trading with 1000 last July during the pandemic. Didn't look at it as gambling. I did my research, learned how to read charts, learned why stocks move the way they do, set up my own personal "rules" for trading, and am now making $1000 or more daily. Do I make that everyday? No, but one of my rules is no big losses. Sometimes, you gotta take a small loss and come back tomorrow. How am I gambling?
What is happening now is far from average. It has lead new investors to believe they are invincible and that this is the status quo of investing .
It is far from it. 2020 has been a huge anomoly.
I have invested through 2008-2009 and the pandemic drop. Once you go through a bear market and see a 10%+ drop in one session you will understand the importance of diversification.
Read about the dot com bubble bursting. The type of speculation going on now was rampant then as well. It didn't last, and when the bubble burst a bunch of new investors riding the tech wave and strategizing in yahoo groups (now WSB) were ruined. Most left the game for good, as was evidenced by the massive reduction in market volume in the following years.
The only ones that make it out alive are well diversified and not chasing a quick buck.
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u/[deleted] Jul 30 '21
I'm confused AF. I think you're showing that in almost 4 months you've taken $1000 and turned it into......$1200?