AMA The Fifth Person
Asked on 20 Feb 2019
I have been investing in the market for 10 years already. Personally, I focus more on investing in good business so I have not invest in any turnaround play.
I am in the market since 1996.
I lost a few (low total money) stocks like Worldcom or Lucent completely during
the internet bubble.
Otherwise I always added new stocks or ETFs from my regular salary, an only sold on very rare occasions with profit, that happened when I wanted to use the money for buying something expensive.
I still hold quite a lot of single (mostly) technology stocks, they develop well, but maybe not as good as technology passive ETFs.
Recently, with rare exceptions, I only buy passive ETFs in interesting sectors.
I can claim that I possibbly I didn't become rich, but I fared very well and have very acceptable average returns.
I also can claim that during many stock market crises, I never changed my
ultra-longterm Buy & Hold strategy. Especially I never had any reflex to sell equity during hard times.
So, I recommend to make life & Investing simple: don't play on turn arounds,
stay course ultra-longterm, use passive ETFs, avoid mutual funds, reduce fees as much as possible.