Key insights
- An investor reflects on past investment mistakes, particularly selling growth stocks too early and recent underperformance in SaaS and biotech. They seek advice on where to invest a cash position now, highlighting a shift towards QQQ (Nasdaq 100) via dollar-cost averaging. This reflects a cautious sentiment towards growth stocks and a preference for diversification, potentially signaling a broader market trend away from high-risk assets.
friends, i bought nvda in 2018, tsla in 2019, Palantir in 2021, rklb in 2023 -> but sadly my problem was i sold them tooooo early. Way too early. Today i realized my main reason for selling was based on price action not based on change of thesis. Problem is now I have made major blunders in past 2 years investing heavily in saas stocks and one biotech stock in particular. only my retirement acct is good because I was dcaing into qqq.
genuine question - if you were to invest from all cash position now - what would you buy?