Wb1026 @Wb1026: "I believe that the performance..."

Taiwan

I believe that the performance of active investors during this period is horrible, and the past excess returns may become excess losses in the past few weeks, because the performance of growth stocks can be said to be directly back to the original point, SO IT’S OVER? ? When the performance of growth stocks is still growing, and after this panic sell-off, whether these stocks will become a source of excess returns in the future market, the most fear thing is that you buy at high points and sell at low points. If you sell at a low point, it means you might not understand the company you bought. I was optimistic about the company I bought, so I didn’t panic and sell a lot. Therefore, my investment portfolio once faced a crisis of -10% loss in December, and today it has pulled back 8.5%. In fact, the market is indeed difficult to beat, but this does not mean that the stock price is equal to the company's embedded value, that is, the stock price is not necessarily reasonable, especially when the panic sells a while ago, so I have repeatedly emphasized that when my portfolio drops , Is a good time to copy me. At present, there are still many stocks in the investment portfolio that suffer loss. The reason is simple. I am optimistic about the future of the company. For those stocks that I think the price is too high, I also took profits before panic selling , and prepared to wait for the opportunity tobuy again ($NET (Cloudflare) / $RBLX (Roblox Corp.) / $AFRM (Affirm) / $TTD (Trade Desk Inc A)), and this time I also increased my holdings at a low point. ($TASK (TaskUs Inc.) / $APPS (Digital Turbine Inc) / $ABNB (Airbnb Inc) / $AXON (Axon Enterprise Inc) / $GLBE (Global-E Online Ltd) / $SI ...) For example :$TASK, have risen by 45%(BEST). I can’t guarantee that I will make a profit every time, but I will continue to create excess remuneration for your guys. Maybe you may suffer excess losses in the short term. But you can think about it from another perspective. If you copy the order when I lose a lot, you can get significant rewards in a short time. Relatively speaking, my investment portfolio also rose 8.5% in two weeks. You may be curious why not short? Because the decline in growth stocks this time came from the emotional side, the Macroeconomics has not changed yet, but crowd has finally recovered a little rationality. This crash was mainly due to the panic selling of amateur investors/stop losses of hedge funds and the price reduction of options. HOW can I prove? The Fed has established that interest rate rises in NOV, but the market just happened to explode because of epidemic. In fact, this crash is a good thing for the long-term market, because many people have been scared to flee the growth stocks, so that the future trend will be relatively stable. In fact, the entire market has actually not fallen too much. Why is that? This is because of flight to quality The Wall street are still not optimistic about bonds (the interest rate rise), so they would rather put their positions in stable stocks (AAPL/PG...) Let us be pessimistic. If the market does rise interest rates earlier, the trend of these stable stocks will not be much better. Therefore, I have not bought these companies recently, especially the big technology stocks that have not yet been determined by the BBB Act. (Corporate tax) There may indeed be volatility. On the contrary, small growth stocks that have fallen to the bottom may not continue to fall because they are already at the bottom LOL. You can think about why the stock price of small stocks collapsed. There are two reasons: 1. Everyone is selling: but everyone who should sell should be sold out now. 2. Those who are interested in shorting: Institutions use options to hedge their own stocks, but basically small stocks are bottoming out, and shorting positions need to be covered. In conclusion: I don't know what the future would happen, but if you feel that the above is reasonable, Welcome to copy me. [Strategy]:槓鈴配置(Barbell investment strategy)+因子投資(Factor Investing) [Investment Period]: 80%: Medium-Long term, usually between 4-12 months 20%:Short-term, usually between 1-4 weeks Min. copy amount: The minimum to copy is $500