Time and Money.. SITTING.. AC and othersLots of bashing of AC shareholders since March 2020. And there was lots of bashing of AC shareholders between 2012 and 2018, even as stock price went up..down..up. down..up...down,..up The point is really simple. Traders trade and Long term investors craft portfolios with stocks of companies that they have a positive thesis on. If one were to believe in the yapping of traders, one would think they doubled their money every year. Simply amazing... so after 5 doublings they should have 3200% of their original investment, 5 years later. What they don't talk about is all their losses as gamblers. An entire group of traders who left AC with gains in 2017-2018 went on to lose it all on bad trades on cannabis junk stocks. But they still love to bash shareholders who have owned AC through all the years. I am one of them. I started with a very nominal investment of $107K in 2012 with 100,000 shares. In the dark moments of March 18, 2020 when many margin accounts were being liquidated, I added a much larger number of AC shares because I understood the company and its management much better than I did in 2012. I havent sold a single share from my main portfolio holding. I have been buying long dated calls recently. I also write OTM puts and short dated Covered Calls time to time. Even if covid exit progress has been hampered for years, I have NO CONCERNS about the eventual gains that will accrue on AC holdings in my portfolio.
I believe in SITTING. I have been sitting on shares of 20+ companies. Nvidia since 2017, didn't panic sell in 2022. Currently BMOInvestorline read on it is 3354.62%. Am I sure on exactlly what it will do next year, or the year after? NO, I don't. But if one works on the idea of investing based on a thesis for each company that one selects, it becomes easier to SIT. It's the business that does the real work over the years. In 2024, I have started a small sub portfolio of high risk bio stocks. But again, I will just SIT. Add time to time on weaknesses. It's unfortunate that investors have lost that ability to invest and SIT. If one already has a career income, what is the rush? The best part is that the best stocks end up rewarding us when we don't actually expect it... And the Returns turn out to MUCH higher than what the traders have gained, after tax over the same period of time.
[If an individual trades as their main source of income... that is not the scope of my post].
GLTA