Originally
posted by
Chevs:
I use questrade and I’m heavily invested for 12 years or so.
The key is to keep saving and not be a greedy moron trying to get rich in 3 days. You won’t win with that approach in the long run. How do I know?
There’s thousands of people smarter than you and with better tools that don’t win.
Who hacked Chevs? This is good advice!
Had a SIPP for 10+ years (similar to a 401k) started out with just AAPL, but as they rose I took profits and diversified. Regular monthly contribution. Buy and hold for long term.
My biggest "loser" at moment is MO at -25% however I have continued to add to the position since I first bought in 2014. It yields 8% so im not really concerned, cigarettes are becoming increasingly unpopular, but nicotine is addictive as hell :)
My biggest winner is TSLA +492% since 2016, and it terrifies me because it seems so massive overvalued. I've trimmed it twice and probably will again when it splits at the end of the month.
AAPL still going strong at +346% since 2014 (but that was date I moved from a different provider, have been holding them since 2009!)
BRK.B, AMZN, XOM are also decent bets imho.
Like playing poker its about protecting your bankroll, not winning monster hands.
Market looks overvalued right now, but with all the helicopter money off the back of covid it wouldn't surprise me if it continues to make higher highs.