alt Hacker NewsAhh, we can all buy the farm together. ;)
I've been watching my investment accounts, particularly the TSLA fraction, and see-sawing between "This has got to collapse soon, I should..." and "You cannot time the market, idiot".
I'm dissatisfied with the inaction, but I can't come up with a coherent theory about how I should act... Bleah.
Replies
stoneman24 • yesterday at 7:34 PM
Yep, I’m sitting on the same fence. We can all see the circular deals in the high tech sector which has been the recent engine of the stock market. It’s all uncertainty, everywhere you look.
Recognize that holding is an action and a choice, too.
If you don’t have a coherent theory to {act}ively hold an asset, you probably shouldn’t be acting to hold it, and be acting to sell it.
This is equally true for TSLA and NVDA as it is for VOO and BRK.
Why? Because when prices are too low you need to be able to hold (and ideally buy) with conviction and when prices are too high you need to be able to sell with conviction, although the latter is less important if you have steady income.
If you don’t have a theory of value, you’ll be able to do neither effectively, and risk loss of principal and opportunity in a downturn.