The Cosmic Avenger
Thinks s/he gets paid by the post
Once I finally figured out AA and index funds, I decided to take an account with about $40K and experiment with that, since as someone else said, it was about 10% or less of my total retirement savings. I bought Apple and Google back in 2008, because I followed tech news very closely and knew about Alphabet and Apple TV before most people, and figured these companies were not only dominating their markets, they were funding innovative research. This was before I had ever heard of "FANG". I sold off a little of that to buy some Tesla stock at around $170.
Those tech stocks obviously did well, so I got cocky and in late 2016 figured I'd dabble in cryptocurrencies. I bought a fair amount of Bitcoin, Litecoin, and Etherium, and put smaller amounts into a bunch of smaller CCs, hoping one might be the next Bitcoin.
My $9K investment is worth about 25% of that now.
But I console myself by remembering that I still haven't lost more than 10% of what I made on those tech stocks!
Those tech stocks obviously did well, so I got cocky and in late 2016 figured I'd dabble in cryptocurrencies. I bought a fair amount of Bitcoin, Litecoin, and Etherium, and put smaller amounts into a bunch of smaller CCs, hoping one might be the next Bitcoin.
My $9K investment is worth about 25% of that now.
But I console myself by remembering that I still haven't lost more than 10% of what I made on those tech stocks!