Key insights
- The author criticizes the prevalence of day trading and profit-taking in a value investing community, using examples like Google and SanDisk to illustrate the potential long-term gains missed by frequent selling. The post advocates for a buy-and-hold strategy, particularly within retirement accounts, suggesting that long-term value appreciation outweighs short-term trading gains. The overall sentiment is slightly bearish, as it highlights the potential for investors to miss out on substantial returns due to short-sighted trading decisions.
Why does everyone love to sell and buy every day? I remember when this sub was obsessed with Google, the second it hit 220 per share all I saw was people talking about taking profit... At 200 dollars per share... Now Google is 380 per share and will continue to go up for the next decade at least. The fact people love to day trade in a value investing subreddit is absolutely insane... The reality is you and I have no clue what is going to happen in the market, but people need to stop selling and buying. Just buy and HOLD. I'm still holding on to the Sandisk stock I bought at 50 dollars per share while everyone told me to sell at 300 a share now it's over 1000 dollars and everyone wants to buy at 1k per share... By the way I am not selling any of it, going to hold it until retirement since its all in retirement accounts and my work allows me to buy individual stocks in my 401k.