What’s stopping me from having a self directed account and making my own trades is the simple fact that I don’t have a firm grasp on the stock market and the thought of managing it on my own worries me to no end. I’ve heard horror stories and also heard that most treat this as a full time job selling and buying up all hours of the night. I’m not cut out for that personally and know my limitations.
Buying at an ATH is risky for sure but holding bonds could be seen as riskier?
Just dip your toe in to start. Open a self directed account in Canada you could make this a TFSA so your gains aren’t taxable on withdrawal. Put in an amount you are comfortable with maybe 1% of your portfolio to start. Buy MSTR in time add to your position. Bonds are only good to protect downside risk but if you want growth then bonds are definitely holding you back. I don’t own and have never owned bonds. Without knowing about your circumstances it’s hard to say what is riskier to you. Bonds the risk is opportunity cost and risk of MSTR is in end of 2025-2026 we have another bear market and bitcoin corrects 70% there is a lot of downside as MSTR is basically a leveraged bitcoin play. You could argue that this cycle won’t have as big a correction but who knows every other cycle has had a 70%+ decline. But as long as you are comfortable with this and know the longer term potential multiple cycles this might not be a concern. Again hard to say cause this all depends on you which I know nothing about. When I’m doubt good to start small and build up a position rather than just ape in at an near ATH. At the end of the day these are decisions you’ll need to make for yourself.
🫣😬 you’ve given me lots to think about! A 70% decline is frightening!
In 2021 MSTR hit around $103 at its peak and in the bear market trades as low as $14. So this is a real possibility. But is now over $400 so if you had the balls to ride it you’d still be up 4x if you bought at the last peak. Who knows MSTR could go to $1000 then back down to $100-200 within this cycle.
& this is the exact reason why it’s so tough for me to make the call. 🫣
