Texag5324 said:knoxtom said:
I haven't read this thread in a while. I am the OP.
I posted in here a while back that I bought back into VOO. Wish I had gone for less traditional pick, but as I said, I am generally risk averse. VOO has been fine but everything else has blown it away.
I bought a lot more Bitcoin and I started a thread about buying a bunch of Soundhound and NVidia. Right now I am not sitting on much cash at all as I put a lot into Sound which is up a cool 63.12%.
My YTD is 43.2%. Lastb year was slightly higher. VOO has been the least profitable since I bought back in, up around 13%. NVIDIA is up 21%.
Overall, selling everything and buying back wasn't much either direction. I ended up with a lot more bitcoin. I have made a ton on Soundhound as I bought a lot at $4, sold at $18, got back in at around $11, and it is now $18 again. I am not going to repeat my Robinhood mistake again and am holding Soundhound for a few more years. I also won't sell the BTC and actually would like more.
AS for my only regret the past year, it was selling the Robinhood. I had a lot of it at $8 to $12 a share. When it rose I sold it all and almost tripled my money. I thought it had risen too fast and I could buy back in cheaper. It is now $125 or so. I f'ed that up... but on the other hand I used that money for BTC, Sound, and VOO. I still did fine, I just didn't hit the grand slam.
Knoxtom, you posted on this thread in April that you were 56 years old, and wanted to derisk some of your investments, which makes sense. But then you proceeded to buy a lot of Bitcoin and Soundhound, which is basically the opposite of derisking your investments lol. Im glad you made some money and everything worked out ok, but that couldve gone sideways for you as well.
I hope what newer investors can learn from this thread is to just stay the course, ignore the noise, and keep buying through the ups and the downs.
57 now.
Most of my worth is in the house, the business, 401k, and boring investments. I did go all bonds on the 401k but switched that back to boring old funds pretty soon thereafter. I don't consider bitcoin to be risky anymore, over the middle term (3-5 years).
As for Soundhound, you have to take risky investments some times or you will never get far ahead.
I also bought a near mint Walter Payton rookie card. Now that one is risky, but he was always my favorite player so WTH.
