All the short term play in stock market
People get excited and push companies to unrealistic levels. The hype lives for couple of months and reality starts to sink in that AI cannot solve all the world problems, it’s just another fantasy algorithm for companies to boost stock price. Smart investors exit after stock price hike, you and me are left with waiting forever for the stock price to reach its peak. Are we the real tech fools? How many hype cycles have come before and gone? “The stock market is never obvious. It is designed to fool most of the people, most of the time.” — Jesse Lauriston Livermore
It's just easier to buy VOO and forget that money for 2+ years. Let those cycles work themselves out naturally without having to work out tax math or take stress of beating the index
Aren't there specific companies you believe in and willing to throw money into them, when you perceive they are cheap?
I have in past. I threw some money at NFLX when it hit 160s. But sometimes you make a good pick, sometimes you make a bad pick (eg: BA, PFE, DIS). Threw some money at AAPL last month. Only time will tell how that one will go. net/net consistently buying VOO & QQQ has been winning move from my limited experience
You’re still better off buying those crazy valuations because when they go down they also take down the ones that are already destroyed even further and somehow end up being the ones with higher returns eventually
I think the key here to somehow control greed.