That's good to know. But for most common folks how many such nominal bets can they make anyway. If you consider 2010, there is very little reason for anyone to pick NVIDIA. I work in high tech, lived not too far from Nvidia yet there was no reason for it to attract my or any of my friend's attention. In fact an acquaintance who worked there before the boom, was meekly shared he worked for Nvidia vs FB or Goog. So I wonder sitting right now, how can one point out the next Nvidia, or even a cluster of 10-20 from which at least one Nvidia is guaranteed to emerge. For otherwise all that money is wasted on losers, rather than be sitting in VTI - right? It seems it is FOMO and we need to just live with it, unless I am missing something here.I have a good friend that bought a nominal amount (maybe $25k) sometime in the early 2010's as just part of his portfolio. He showed me a couple of months ago that the position is now worth $18M. He was joking that that one stock buy will be worth more if he sells than his 25 years practicing as a surgeon.Years ago, maybe as far back as 2018 or so, I had coworkers that were big on Nvidia. They were very excited about it, and buying it up, and making decent money at it I suppose. I did briefly look at it out of curiosity, and as I often do, I concluded that all the fun was over. And I just kept in indexing.
Hopefully my former colleagues stuck with it and have profited hugely. I’m rooting for them.
But I’m also completely, 100% satisfied with my indexed returns.
Statistics: Posted by Robin1234 — Thu Jan 09, 2025 12:57 pm