My 3 months return 330% - Looking for recs

Dec 29, 2020 83 Comments

Invested in four main stocks with huge gains... GEVO (huge gain!), Unity Softwares, Upwork and Stitch Fix

Planning to add more $$ soon and diversify more as right now, it's too risky with 4 selections.. I know haha - just got lucky

Any recs?

My 3 months return 330% - Looking for recs

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TOP 83 Comments
  • New
    jdk18

    New

    jdk18
    This is very average, with this market only losers are not sitting on 100%+ returns. 1000% is what you should be aiming for.
    Dec 29, 2020 12
    • Google
      wstrn

      Go to company page Google

      wstrn
      The problem with TQQQ is that it goes down faster than it comes back up. Like if QQQ drops 20% and comes back to its original level TQQQ won't be back to the previous level and it will be lower. It's great to hold in a bull market but bear market is tough.
      Mar 1, 2021
    • Google
      wstrn

      Go to company page Google

      wstrn
      I would easily hold on to non-levetaged index funds during drawdowns. But the leveraged ones are much harder. It's basically risk squared.
      Mar 1, 2021
  • New
    QR ™️

    New

    QR ™️
    But actually: only 331% in 2020’s bull market? No one cares if under 1,000%

    Even index funds did 150%-200%

    TQQQ
    Dec 29, 2020 12
  • Uber
    uberebu

    Go to company page Uber

    uberebu
    Stop trying to get rich overnight. This is peanuts. When you have hundreds of thousands of dollars to invest, that's what will test your appetite for risk and reward.
    Dec 29, 2020 6
  • Walmart
    Crash&Burn

    Go to company page Walmart

    Crash&Burn
    Wow! Lot of negativity in the comments. OP - Count your blessings and you did great in investing when you did.

    I know lot of people who are still sitting on pile of cash while waiting for market to crash.
    Dec 29, 2020 2
  • Dropbox
    QQJf32

    Go to company page Dropbox

    QQJf32
    SPACs are the way to go. Incredible risk / reward of you put in the work to find a good one and get in close to NAV prices. I got into QS at ~$13/share before it merged and sold around 82.
    Dec 29, 2020 10
    • Dropbox
      QQJf32

      Go to company page Dropbox

      QQJf32
      I’ve only been doing these for a couple months, but the strategy I follow (for the most part) has been to buy a SPAC right when a target is announced, sell after the run up right before the merger, then look at the stock and decide if I want to buy back in if there’s a dip.
      I made an exception for QS but it was a gamble.
      Dec 30, 2020
    • Dropbox
      QQJf32

      Go to company page Dropbox

      QQJf32
      @Google of course there is! They had to file an S1 in order to publicly sell stock. You can look at it directly or read analysis on them. When you invest in SPACs that haven’t announced a target yet, you’re doing so because you believe in the management team and you want to invest in the space they’re targeting (i.e. electric vehicles, fintech, etc.)
      Even with no target announced, you bet your ass I dug into them before I invested.
      Dec 30, 2020