RE:RE:RE:Portfolio killerNow there is a little bit of honesty. Losses over 1 and two years. Flat over three. A gain over 4 (thanks for proving my whole point!!) And flat over 5 years. Doesn't really push the narrative of how well most investors have done long term either does it? Thanks for all that work to prove my points! Lol.
Lifeboat1 wrote: This is not for the perennially bashers but for those who invest based on the facts. Here is the data if you were a true long. If you bought every month since January 2016 at the mid price for the month your average price would be .32. Not a bad return. Too bad the data doesn't support the bashers claims. They can try to say I am drinking the Kool-aid but the data speaks for its self. Reliq has been a good investment for anyone who has actually been long and had faith in the Company.
Average price buying each month at the average price for the month
1 year .63
2 year .65
3 year .49
4 year .43
5 year .49
6 year .40
7 year .32
Not the portfolio destroyer that some are claiming. In fact if you were in from the beginning had faith and bought more during the lows and held off buying on the big run ups you would be sitting pretty right now with a potential 10x increase from here.
Here is another nice set of data. Other than 2018 the stock has generally gone up declined by less than 6% yoy.
Average price
2016 .15
2017 .18
2018 .90
2019 .33
2020 .32
2021 .67
2022