Zom made 110% from NVDA · Invest & Retire Community

Zom made 110% from NVDA

As semiconductor stocks had a good run in 2024, sometimes it is important to exit and take profit to reallocate.

While I do believe in the long-term vision of NVDA, I also think that it is important to diversify once you encounter a good bull run.

Since US is an innovation-driven economy, technology will continue to perform.

So in other words, you went in and made a good profit on NVDA -> You diversified to other tech

Why is that important - here's a side story:

A subscriber of mine had a call with me a year or two ago.

He was all in NIO - a Chinese EV company. He got in around $20 dollars (roughly)

I told him to diversify but he strongly believes NIO can be over $100.

Today, NIO is sitting around $4.29

For moonshot, NIO could likely have hit $100, but it is also equally likely NIO will go to zero.

That's why for long term investing - I am always trying to lower your risk (especially if you are a risk lover like me)

This is because your goal to get rich is to only take necessary risk (and avoid unnecessary risk)

Cheers,

Eric

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Eric Seto

Chartered Professional Accountant (CPA)

Chartered Investment Manager (CIM)

Founder of 5MinInvesting.com

In February, my goal is to help 20 people without a financial background to master investing through Investing Accelerator.

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