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Bob Jones's avatar

Excellent article!

The hardest thing to do is buy on the way down. Even harder to buy bigger the more the price falls.

This is a difficult market to navigate with the mad man in the Whitehouse, but made that bit easier by your insights 😁

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Edward's avatar

I’m not even half way thru, thank you for this post already, it’s so refreshing to read something like that.

I’m so hard in my own Bubble, i quit Social Media years ago and now only read Investment books, annual reports, investor letters and this App here (new)

I have 4 “friends” that Invest too, 3 of them found their way thru me into this Game (group chat since 2021), so i always present them my Analyses, try to teach them and discuss Ideas, i probably learn more out of that than them.

And yes, it sometimes feel weird to miss on these fast recovery things, especially if the -20% drop still wasn’t a bargain, i’ve spend now probably over 100 Hours for Alphabet & Novo and still didn’t pull the trigger. I’m patient (i at least think i am.. haven’t bought anything in nearly a year), i don’t mind to buy in a higher price, if some risk is gone.

But yeah, back to the point: especially one friend, who’s focused on buying huge into a ACWI if the market drops, wins hard, without thinking even for a second, he has his Monthly buys into some quality companies with Dividend and buys the Index as soon as “risk appears”

And i’m sitting now at almost 30% Cash, feeling the pressure to only have a 2,5% return on that.

But i just resist to but something i’m not sure about or that don’t look like a buy to me, i don’t even care about returns so much, i know they will be fine if the price is fair and the company excellent.

I now go back to read the rest — had to clear my Mind.

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