A Reflection on Time in the Market
I've never taken the time to step back and take a sober assessment of my investing journey to date. This year, I did and wrote a piece on some lessons learned. The snapshot below shares some of the highlights, and you read the full piece here if interested.

Appreciate the support and hope the new year is treating everyone well. Cheers.

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Jazzi Young's avatar
These are very valuable posts for young, highly-engaged investors who are starting out.
It's natural for most active retail investors to spend several years on experimentation until they find their groove. Investors need to experience at least 1 full market cycle (bull & bear) to really get a feeling on what's going to work for them.
We consider our first 10 years to be an experiential learning period before we found our groove. That groove will be different for everyone and it may also evolve with age (investor preferences can change as they progress through their life stages). Young investors should expect a journey with regular periods of self-reflection and a few minor course-corrections.
Thank you for sharing.
Investor's Perspective's avatar
@jazziyoung Appreciate you reading. It’s been a wild but great journey thus far. Looking forward to the rest of it!
Joshua Simka's avatar
Not enough distinction is made between volatility and true risk in permanent loss of capital. Accepting volatility is key to building and holding a portfolio of growth companies. Thanks for pointing that one out. And I think we'll just have to disagree on your first point, about 20x revenue. ;)
Investor's Perspective's avatar
@tomato Haha to each their own! Best of luck, just a personal reflection!
Conor Mac's avatar
Love me some reflection, well done man, you are doing it right.
Investor's Perspective's avatar
@investmenttalk Thank you sir! Appreciate you taking the time to read it
Nathan Worden's avatar
This is great introspection— the common theme seems to be humility; knowing that there's a lot you can't know.

After thinking through all of these, do you ever start to feel like investing is an uphill battle / index investing gives one better odds of success over the long haul?
Investor's Perspective's avatar
@nathanworden In terms of odds for success, I think there's no question index investing is the answer. I love the challenge of investing and am fascinated by what I learn researching different companies, so that's my main motivation for being active -- along with, of course, my (perhaps delusional) belief that I can outperform over the long haul.

Also, I somewhat hedge against my inexperience because I index ~50% of my portfolio and then hold a relatively concentrated active portfolio of ~10 names. I'm not quite comfortable holding my entire portfolio in 10 or so names given my lack of experience, but I'd also feel uncomfortable holding any more than that, so having an index allocation solves that problem for me.

Appreciate you taking the time to read it and share your thoughts!



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