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replete sumo 1y ago đź’¬ 17

Looking back at my investing track record. I'm a below average investor.

I suck at timing.

I suck at position sizing.

I suck at handling emotions.

The only thing that's worked for me is making fewer decisions. My most profitable decisions have been boring and obvious ones that I stuck to for years.

Eg: DCA into the sp500 for a decade.

Staying humble and stacking sats(via DCA) feels like the right decision for me and other before average investors.

cc: nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx

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gurupanguji 1y ago

as someone who thinks you’re a good investor because of DCA, I personally think that you are following a risk profile that you are comfortable with. and if you think you will be comfortable changing the parameters on _any_ of the vectors you identified, what prevents you from making a bet even if it’s not with sats today?

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replete sumo 1y ago đź’¬ 1

I'm not sure I understand your question. To reiterate, I do run experiments but I'm unable to beat DCAing into obvious winners. In fact, in retrospect my biggest losses have been around opportunity cost of not DCAing into assets that I knew would do well.

Eg: DCAing a small amount of $ every month into Bitcoin for over a decade was the obvious, boring thing to do. Alas, it's not something I did.

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⚡Lightning Art 1y ago

I wasn't an "investor" until I discovered Bitcoin. I DCA occasionally but not regularly when I have extra cash. Fortunately I've received a nice windfall around the time when we've been near the bottom of the last two bear markets. Which has been good for stacking.

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replete sumo 1y ago

In investing one would rather be lucky than right 🤞

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⚡Lightning Art 1y ago

Well, I knew we were at the bottom of the market because we were close to the 200 week moving average.

The luck was having liquidity near the right time. 🚀

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Jason Ansley | Fractional COO | Leadership Coach 1y ago

That’s awesome

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Eric FJ 🪬⚡️ 1y ago

Watch out for that S&P. Past performance doesn’t guarantee future returns. It’s currently a ponzi held up by index funds and regular employee contributions to their 401k.

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sowack 1y ago

Consistency is the key

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replete sumo 1y ago

It's unfairly effective when it can be automated. You make one decision to DCA and then you are done. You stay consistent by default. In fact you must go out of your way to stop being consistent.

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Will 1y ago

My entire portfolio is #Bitcoin, minus a 401K that I couldn't convert.

That 401K is compromised exclusively of #Microstrategy stock, which is up 543% over the past year compared to the S&P's 35%.

When you no longer have to optimize and fight against broken money, the strategy becomes simple.

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Jason Ansley | Fractional COO | Leadership Coach 1y ago

I’m coming to this conclusion more and more.

Simplicity is usually the optimal way.

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Maxiđź’ŻMillion 1y ago

Sounds like a refined, disciplined strategy to međź‘Ť

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Jason Ansley | Fractional COO | Leadership Coach 1y ago

You’ve already gotten a few comments on here.

This is what I’d say. Most people spend way too much time trying to figure out the Complicated and Intricate, mostly because it sounds and looks sexy.

When really people are best sticking to the Prudent

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Jason Ansley | Fractional COO | Leadership Coach 1y ago

nostr:npub1wl0sg0dwh9qex4v59qmkq6ta78qr448war08t8rk0m5y8r37p36q4pq59t #thanks for the #zap

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Kajoozie Maflingo 1y ago

nO bRo u GotTa checK out my TradiNg StraEgy! JUST LOOK AT THESE CHARTS.

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bing 1y ago

Auto-DCA and withdraw to self custody when you’ve accumulated a million sats.