Peter Lynch’s regret
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Some useful points there but I think there is a real error in there. Since app based investing has taken off a lot of hitherto uninitiates have joined the world of investing - myself included.
When I first started investing I could not fathom why people expected the phrase “do your own research” could be useful. Anyone who has conducted research in a specialism will understand this order is empty without some direction. There is a broad belief that by combing the internet anyone can align themselves with good sources of research, but this is a lazy assumption. Investing is a skill and in all skills no learning can take place on the assumption that the person you are engaging with knows what constitutes good research. Effectively “do your own research” means “dont bother me”.
Good point on the emoji on some investing platform they are hair trigger for lemming like behaviour.
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Wish I’d held onto my Nvidia, I made a decent profit, but I could have made double what I did.
I don’t see them as a meme stock, they are a solid business, however I do think AI is overhyped and they might be a bit overextended which is why I haven’t got back in.
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I like this quote and might use it
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Every thread is like it only positives are discussed and negatives ignored
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I always assume dyor is just a cover all dont make any decisions based on anything I say and if you do thats your responsibility.
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Agree, people have been saying dyor in forums since there were forums, somewhat a disclaimer so people don’t take any opinions as fact that you may then lose money on.
The only time I find it out of place is outside of finance.
I felt that I should clarify the follow-up from my last post today. Don’t follow the crowd as it is probably running on emotions instead of research. I recommend good, strong, profitable businesses that are low in debt or have a solid reputation that comes with a solid plan to lower debt. It is also important that they have a good customer base, better still, a rapidly growing customer base.
For me, I am talking about corporations like:
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Constellation Energy: A US-based electric utility company that has been ranked #1 in pre-sale support, pricing and contracting, and after-sale service
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JP Morgan: A US-based multinational investment bank and financial services company that has been leveraging its 500 petabytes of data across 300 use cases in production to deliver more than $1.5 billion in business value from artificial intelligence and machine learning efforts in 2023
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Salesforce: A US-based cloud-based software company that provides customer relationship management (CRM) service and has been ranked #1 in the CRM market for the seventh consecutive year
Nvidia, on the other hand makes me feel uneasy, it’s possibly a high-risk investment due to its fast rate of stock growth. Although the company has recently experienced unprecedented success with a AI hardware contract. I am worried that once the hype is gone, the stock will shrink. I am normally pretty confident and successful with picking stocks. However, I am unsure about investing in Nvidia. Maybe I should go out of my comfort zone a little, but not too much!
I spend a lot of hours researching a business before investing. It take time to find the honey pots.
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Insightful reply for 2024 & beyond -
• Buy the future today at an unhyped price.
• Follow the long term money.
• What are the eldest working generation working towards and what are the youngest generation doing.
Building up low cost funds regularly and adding to funds during economic changes and beyond can keep you guided.
One example for 2024 onwards: Interest rates were always going to stay higher for longer which gives investors a chance to buy dividend growth funds & trusts at subsidised valuations before the 5.5% on cash drops to 3% - thus making dividend growth the place to be again for building up into.
The long ride involves the slow & steady purchasing.
Buying individual equities though is solely based on having some ability to buy during the correct decade and at the fair valuation - which is incredibly tough. I do not really do it, during a huge market crash I would.
I actually know back from 2021 with great conviction that the shoe company OnOn is at some point going to take market share from the top two companies who have dominated the sector. I do not know in what decade I’d want to own the stock though haha.
Think bigger than big and longer than long and I’m certain your investments will come good.
£7k in 2004 was a large chunk of change, £7k in 2024 is not even worth worrying about, you’ll look back 10 years from now and £7k will look & feel tiny compared to where you’ll be.
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That’s a good point… But not my meaning:
For me, “do your own research” means looking at the customer base – is it large? Or is it growing? Both are good. Does the company have a good reputation? Is the debt low? Or does the company have achievable means of lowering debt? - Some businesses are very strong and are able to pay off debt over a number of years. They are in overall good shape.
Researching a business, the market conditions is very important before investing in stocks. It takes a very long time, which is why it is important to do it yourself. Can you trust Mr. X from YouTube or Mr. J from this forum to spend the hours, the days researching a business before investing? The answer is “No,” sadly. Also, Mr J idea of a good business might be very different from yours.
Exactly and eventually they will fall
I would say a £7k drop on a £17k portfolio is quite a lot to worry about. To lose that much from 2020 to now there must have been some horrific choices made.
Most people who purchased mid 2021 lost their shirts. I felt bad seeing all the people REALLY LATE to the party mid 2021 as I had just sold my entire portfolio to cash and sat on the sidelines for CSH2 to ride up.
Very easy to drop from £17k to £10k around 2021-2022 when not guided by an expert (like John Thomas) not a plug but he is absolutely the shining star of guidance throughout 2020-2024.
It’s okay to be down at least once during the first 4 years entering the market - and yes he was not guided by anybody credible so made all the choices all at once.
Individual stocks are pretty wild if you think you even know which decade to buy the stock in.
Makes more sense to buy heavier into certain funds when they fall and buy lighter into certain funds when they rally. Good to know the difference between a growth fund and a dividend growth fund as there’ll be different periods where building up one or the other is better.
But a £7k loss will be more than made up in the future, the lessons learnt. Think wider and more macro and look further out and follow the big money, money talks.
Nobody should click any link which says ‘which investment to buy in 2024’ or ‘will 2025 be the year for this trend’… blank it out, is all bs and will be wrong more than it’s right.
Sign up for John Thomas’s insights as at least you’ll know where things are at! He’s called the pandemic sell off and rally to a tee and continues to sell the falls and buy the correct assets at great times!! If anything at least you’ll know roughly where you are in the game.
It is, its to make it clear that it is not specific guidance, advising someone what they should or shouldn’t do.
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If and only if you know what doing the research entails. It’s like learning a language, words carry meaning within a given context, it is why so many replies in here refer to specific usage/meaning. If you dont know the language, hearing or reading a word carried no meaning or context. So if you are new to investing, the directive to do your own research carries no meaning.
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I will let you know in 10- years or so
Since writing this I did buy a fraction of Nvidia. I would be a fool not too. 
Blah blah blah blah 
Do I regret it. No, not at all.
Have I made mistakes, sure. I’ve also learned from those mistakes.
If you are willing to make mistakes and willing to learn from your mistakes, there is no reason why you should regret it.
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