Marc De Mesel: Most Money Is Lost On The Sidelines
Been in 30% cash since I sold my Tesla call options around $800, locking in a 4x but missing a 40x. Invested in Oil Tankers with proceeds that were timed wrong and went down 20% instead of up 20% past half year, if I had invested in Corona victims like Cruise and Airlines that I considered. Then sold my remaining Tesla stock at $1500 and had a new 30% cash that has been sitting for 2 months while Tesla continued to go up and sideways to currently $2000.
Should have sticked with my initial plan never to sell a fast growing company like Tesla once you get great entry but instead borrow against it to invest in other stuff. Lessons learned, and now investing my cash proceeds received from my #ShortGold trade immediately in Corona victims and Tech Laggards. Still have a big cash problem to solve after this thou.
Many people believe US stocks are overvalued and likely to correct but showing with 100y returns that inverse is true and stocks likely to go up a lot more over next 10 years, also showing inverse likely for gold, one of indicators being that other commodities have not pumped, which would be the case if this was the start of a long term commodity bull market.
Going through Baidu and Twitter revenue growth past decade while market cap remained flat, timing likely good on this one to go up short term as money likely to flow from Big Tech to Small Tech first before others get the spoils of inflation and fast economic recovery.
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