I would be a holder today
Opportunity Cost is a fair enough point, but what if it was looked at differently?
Before initially selling out in January this year, I had been invested in my beloved CXO for 4 years and 3 months. During those 4 years and 3 months my investment was in the green for a total of maybe a month. So over the life of that investment I was in the green for 1.96% of the time and in the red for 98.04% of the time. This is mostly due to the 3 year lithium bear market that was going on during that time.
So for 3 years I accumulated during this bear market, and then when the bull market returned, I sold. And with those proceeds I bought a house outright.
How long does it take the average person to pay off a house? 30 years? Well thanks to accumulating cheap shares during a bear market, it took me just 4 years and 3 months.
And as I said before, I deployed this bear market accumulation strategy on a number of lithium stocks. I sold most of these in May and when all was said and done, this strategy netted me over 30 bags. With the proceeds from the other lithium stocks I now find myself in the market for another house. 2 houses in 6 months…not bad. And all it took was 4 years of patience.
I plan to do the exact same thing with IOU. I don’t care if it takes 5 years for the bull market to return, as that’s an opportunity to accumulate at low prices for 5 years, making that eventual return even greater.
IMO
GLTAH
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