PIMPING STOCKS

[Patler]

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 I have not added since then nor withdrawn any at anytime.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.

Just a quick update on this earlier post of mine.

My investment in FSELX is now up over 1600%.

[Patler]

HOLY CRAP MU

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.

[call_me_ishmael]

What do you guys think about ABNB stock? Seems fairly valued I guess at ~30 PE. I just took a job there. I also had a job offer at COIN but the ABNB one was just so much money and stability (Coin just did a big layoff) that I couldn't pass it up. I will likely sell the stock as it vests where as COIN and XYZ I believe were/are undervalued so I held or would hold.

[bobblehead]

ABNB is probably modestly overvalued, but not significantly. If the market stays hot it will climb, but weakness will get exposed and probably drop more than the broad market.

That said I have initiated a position in APP (applovin). Love the business, smart management and the math works. They have projected growth over 60% rest of this year and over 30% going forward. Priced up at 40x, but that could drop to a very reasonable 30x by end of 2027 and still hand you 20% annual returns. It could also continue to trade at a premium to growth and be even better, but I think 20% is extremely likely. I'm also open to the possibility of earnings beats due to superior management team and business platform. This is what I aim for. 20% likely with opportunity to be much better.