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One of my better investments the past 10 years has also been one of the easiest.
In 2016 I consolidated a couple retirement accounts and had a chunk of money to invest. I knew what I wanted to do with some but not all of it. I was smart enough to recognize that from a long-term perspective a significant portion should be in tech stocks, because that was most likely where the best growth would be, but I was not smart enough to know which ones to buy and how much to risk in each.
My solution was to look for the best performing MF I could find, looking at long term performance (5 year, 10 year, life of the fund), assuming their expertise would far surpass anything I could do in a field I had no expertise in and only a layman's understanding of at the time. I settled on FSELX. I put a good-sized chunk into it in 11/2016 and added a smaller amount more in 6/2019. I have not added since then nor withdrawn any at anytime.
As of yesterday, my holding in FSELX was up 996.38%. Nearly a 10x increase on the combined deposits of 9 years ago and 6 years ago.
I have gone on to buy and sell individual stocks in the tech field as I have learned more about it, but it is still not my strong suit. Luckily, FSELX has done well for me.
Next Stop 1,000 dollars a share and a stock split in 2026 ?
I was "late" pulling the trigger on MU, so when I finally did buy the stock I also bought some MUU, the 2x ETF. Probably will sell the ETF soon, while continuing to hold the stock.
I did the same with BE, also buying BEX. Have already sold the ETF.
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