[starbugs]

Reminds me of a friend who lost 30% on US Tech stocks within weeks of her buying.

If TKL can lose money in US stocks, the rest of SG retail investors don't stand much of a chance.

My loss in US growth stocks in 2021
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03 Jan 2022 (316 views)

I invested $709,354 USD in US growth stocks in 2011. I suffered a paper loss of $286,822 on these stocks.

I realized profit on these stocks in 2020 and on sales made in 2021 which were not included in the above calculation. Overall, my gain might have covered the losses.

I did make a substantial gain on my investment in Tesla. This gain is not shown above.

I bought these stocks when they were showing big gains in 2020. Most of these stock were also included in the ARKK fund managed by Cathie Wood.

During 2020, many bloggers explained the business of these stocks. I bought into the stocks and made gains on the way up. Later, when the stocks fell, I bought them at lower prices. They continued to fall for the rest of 2021, leading to the loss below.

I am holding on to these stocks which showed an average loss of 63% below its peak during the past 52 weeks.

I will wait for the price to recover and will sell them at a lower loss.

Tan Kin Lian

Note - I am sharing my experience. This is not investment advice.

https://fisca.sg/ArticleDisplay.aspx?ID=1140&Name=My-loss-in-US-growth-stocks-in-2021&Type=A&Category=&Keyword=

[sgbuffett]

Let me summarised his thinking:
1. He made very big money in Tesla by listening to YouTube stock tourers
2. After making a few million, he thinks best strategy in the stock market is to look for next big disruptive technology
3. He bough many stocks bought by guru of disruptive technology Cathie Woods and YouTube vbloggersm..thinking they are next Tesla

4. Turned out they were duds.

5. Overall he still win because of Tesla
.
Lesson? More money is lost in looking for the next Tesla that money that will be made in Tesla

[sgbuffett]

Reminds me of a friend who lost 30% on US Tech stocks within weeks of her buying.

If TKL can lose money in US stocks, the rest of SG retail investors don't stand much of a chance.








https://fisca.sg/ArticleDisplay.aspx?ID=1140&Name=My-loss-in-US-growth-stocks-in-2021&Type=A&Category=&Keyword=

This is no different from dot.com bubble.
After Yahoo go up 50 times many small investors thinking is to look for next Yahoo to make their fortune.

Thus is call recency effect. People use "recent events" to make conclusions rather that the totality of evidence and facts.

Like some one you know die of heart attack, you become more worried about your heart than other health issues but they are equally if not more important.

[sgbuffett]

I remember so many people sing praises of Palanthir when if was $25.

But I didn't see anyone who can explain why its price should be 25 and not 20...or 25 not 10. ...how you know you are buying at a "good" price when price cannot worked out?

That's the problem with all these stocks TKL bought...anyone can claim the stock is worth XYZ without substantiation

[debono]

Reminds me of a friend who lost 30% on US Tech stocks within weeks of her buying.

If TKL can lose money in US stocks, the rest of SG retail investors don't stand much of a chance.








https://fisca.sg/ArticleDisplay.aspx?ID=1140&Name=My-loss-in-US-growth-stocks-in-2021&Type=A&Category=&Keyword=

Mr Tan kin Lian has my sympathies .....

[Niubee]

Mr Tan kin Lian has my sympathies .....

u love him...

[sgbuffett]

TKL did darn well on Tesla alone.

He mentioned in average these "growth stocks " (or speculative stocks) fell 63% from peak.it means a crash already happened.

From dot com bubble.stocks fell 80-90% from peak.
So after 63% fall, they should fall by 50% from today's price.

Some of the promising ones can look at after they fall further.

Palanthir should hit $9.
Crsp should hit $38

[starbugs]

TKL is all right. At least he is honest and not very haolian. There are a few local YouTubers who make videos with half-baked or misleading info. E.g. J***tan and K***v**. Then another guy keep telling people to reach 1mil in CPF and use it to invest in Sp500. Now more quiet about their US stocks when markets and tech stocks start to dip.

[debono]

u love him...

My family owe him one.......