(03-04-2019, 12:10 AM)rayray Wrote:(03-03-2019, 08:08 PM)fenders53 Wrote: ....If INTC and CSCO run up another 40% from here, after the longest bull run in the history of the US market just occurred, then I would be even after only about 20 years...
Man!! Sorry to hear that!
That's amazing because both those companies have done fairly well from 2009 to 2019
I should say "for me" those companies are a never sell--my biggest money mistakes were sells and that's why I don't sell anymore. It still bothers me that my sells left 500k plus on the table--I'll never forget because some people close to me like to remind me every-so-often about my sells and call be stupid. I don't even want to know what certain sells are going to be worth in another 20 years. But I will...cause I'll look and calculate.
If I buy a stock I'm holding it till I'm dead, it's less stressful.
I know my post came off as targeting yours. My only point is blind commitment to ANY strategy is not prudent. Things change. I bought some early shares in those awesome companies. Unfortunately I also averaged in more money as their valuations became irrational. Few didn't back then as you were missing the bus if your didn't overweight tech. It's quite possible to buy and hold great companies and effectively lose. Holding shares for decades for an eventual break even or 25% recovery gain is not a win if lost opportunity is factored in. This is however supporting evidence for extreme over-diversification which I don't do, because I think you might as well just buy a low fee S&P index fund and go fishing.
And my greatest investing mistake were buys early in my career. Buying stuff that was extremely overvalued thinking time would fix it. Valuation always matters in the end with mature companies.