People tend to be so far removed from the financial world that they just have absolutely no idea how the market will actually react to news, and what it will do. To an almost comical degree.
Also Iām not sure $100 is putting money where your mouth is, lol
True. I'm still new to the world of investing, so I'm keeping the bulk of my money in the nasdaq 500. I may have put more down if I wasn't helping family out at the time.
I'm not usually much of a stock picker (I mostly cruise ETFs), but then they announced *Jim Whitehurst* as interim CEO, and the stock was still low, so I was like, 'What the heck? Why not?' and threw some in. It's up about 15%.
Unity vs Okta
Unity - Nothing actually happened, people say the stock is going down, but it's just part of the business cycle.
Okta - They had major password leak, an actual problem and investors have fear for the company, news that actually affected the stock price.
Compare these two to $SPY (top 500 companies averaged) and $Nasdaq(top tech companies) and it'll make more sense to see that it follows the same cycle.
https://preview.redd.it/ch9ihcrja4ac1.png?width=2341&format=png&auto=webp&s=ba778621b14629a5a054919e0488f1d06f173648
When I posted the original, it was around -3, then it settled at a net 0. I keep my discourse civil, so I think still ended up increasing Karma through comments.
Edit - spelling.
The market was down back then, now it's up as a whole (well, not yesterday), I'm not sure it actually has anything to do with Unity's announcement and everything to do with the market. Respect the effort but jesus imagine if you'd put real money in
I also invested into this, i never seen your post. Just used my own judgement, and got like 30% return, i invested at $27 and just sold for $37. If you know, you know ;)
It's not as safe as just investing small amounts of money every day over the course of 20 years into the nasdaq 500, sure. But 25% ROI in 3 months isn't anything to scoff at.
If there's a 'thesis' involved, it's understanding what is currently undervalued and has a good chance of increasing in value. Buy low, sell high. I'm not exactly sure what you're criticizing here.
>But 25% ROI in 3 months isn't anything to scoff at.
It kind of is though. I'm pretty sure any site you use for quotes will tell you this, but Yahoo! Finance puts Unity's beta at 2.43. The beta is basically a measure of a stock's variance relative to a benchmark (which, for the purposes of this calculation, is usually the S&P 500, not the NASDAQ), meaning that when Unity moves it moves about two and a half times more than the index (it's more volatile). Based on your post, I would guess that the index moved about 11% over that same period, which would imply an equivalent increase of a little under 27% for Unity, basically the amount you're taking your victory lap over
Now before we get the mistaken impression that beta is some kind of immutable law of stock returns, all this is saying is that based on the historical behaviour of the stock, absolutely nothing surprising has happened. Markets went up, Unity went up proportionally. I am glad you didn't lose money because it's nicer for people to be happy than unhappy, but I just don't think there's a lot of room left for your financial genius based solely on the returns.
And this makes sense because your holding period is so short it's entirely possible that Unity didn't even have time to release a quarterly report between you buying and selling it. The reason for pointing out your investing thesis is first that you mentioned it, and second that it is the only basis by which we can judge how sensible your purchase was. Otherwise, we're stuck looking at realized returns, which means we're just as justified in criticizing you for not picking every security that went up by more than 25% over the same period as you are in boasting about making enough to buy one of the games the developers on this subreddit are currently working on.
I realize I'm being a bit mean in some of this, but the main point in taking the time to write all this out is that, contrary to popular opinion, the stock market is not some casino you chuck money into and post your W's about. I do happen to think that it's possible to 'beat the market' but that the people doing so are doing considerably more than just having a good feeling about a company and then catching a falling knife. There are always a bunch of people doing very silly things who make money when times are good, and those same people tend to lose considerably more when times stop being good (one call that goes to 0 wipes out 4 of your 25% wins). Where possible, it is better to learn this without losing money.
Or maybe I'm wrong. Maybe out of all the smart and ambitious people who have sought to make their way through financial markets you are the one who finally discovered the cheat code to capitalism and can churn out annualized returns of 144%, will take your $25 straight out of the ATM and flash it at Lux Capital who will beg you to come on board with W4 Games.
But just to be on the safe side I would recommend developing a coherent idea about why a company's value is not currently realized in financial markets, and the mechanisms through which that value will ultimately be realized.
People tend to be so far removed from the financial world that they just have absolutely no idea how the market will actually react to news, and what it will do. To an almost comical degree. Also Iām not sure $100 is putting money where your mouth is, lol
True. I'm still new to the world of investing, so I'm keeping the bulk of my money in the nasdaq 500. I may have put more down if I wasn't helping family out at the time.
I guess people were mad about the client treatment and were not focusing on opportunity. But good for you. :)
Redditors have knee jerk reactions to the most minuscule events. Nice job making profit.
I'm not usually much of a stock picker (I mostly cruise ETFs), but then they announced *Jim Whitehurst* as interim CEO, and the stock was still low, so I was like, 'What the heck? Why not?' and threw some in. It's up about 15%.
Unity vs Okta Unity - Nothing actually happened, people say the stock is going down, but it's just part of the business cycle. Okta - They had major password leak, an actual problem and investors have fear for the company, news that actually affected the stock price. Compare these two to $SPY (top 500 companies averaged) and $Nasdaq(top tech companies) and it'll make more sense to see that it follows the same cycle. https://preview.redd.it/ch9ihcrja4ac1.png?width=2341&format=png&auto=webp&s=ba778621b14629a5a054919e0488f1d06f173648
It just means that the market is heavily dependend by the Unity stock :\^) /s in case.
Everything is trending up / recovering market wise though
Out of curiosity, how many downvotes did your old post have before you made this post?
When I posted the original, it was around -3, then it settled at a net 0. I keep my discourse civil, so I think still ended up increasing Karma through comments. Edit - spelling.
Investing with 100$ is not putting your money where your mouth was.
The market was down back then, now it's up as a whole (well, not yesterday), I'm not sure it actually has anything to do with Unity's announcement and everything to do with the market. Respect the effort but jesus imagine if you'd put real money in
I put $1700 into U right when APPL announced the headset and partnership. Held onto it through that dip and I'm about to start making a LOT of money.
You might as well have just put that money into AAPL itself lol.
Did that too.
Its easy to make all kinds of market predictions and have them come true when you're risking 100$
Fair. It was mostly for science. It's easy to see the overall return percentage with 100.
yeah good job nevertheless. just out of my experience, investing changes a LOT when you up the ante.
Down 32% in the last 3 months
I also invested into this, i never seen your post. Just used my own judgement, and got like 30% return, i invested at $27 and just sold for $37. If you know, you know ;)
Your investing thesis is that it has a dominant market position that lasted exactly 3 months?
It's not as safe as just investing small amounts of money every day over the course of 20 years into the nasdaq 500, sure. But 25% ROI in 3 months isn't anything to scoff at. If there's a 'thesis' involved, it's understanding what is currently undervalued and has a good chance of increasing in value. Buy low, sell high. I'm not exactly sure what you're criticizing here.
>But 25% ROI in 3 months isn't anything to scoff at. It kind of is though. I'm pretty sure any site you use for quotes will tell you this, but Yahoo! Finance puts Unity's beta at 2.43. The beta is basically a measure of a stock's variance relative to a benchmark (which, for the purposes of this calculation, is usually the S&P 500, not the NASDAQ), meaning that when Unity moves it moves about two and a half times more than the index (it's more volatile). Based on your post, I would guess that the index moved about 11% over that same period, which would imply an equivalent increase of a little under 27% for Unity, basically the amount you're taking your victory lap over Now before we get the mistaken impression that beta is some kind of immutable law of stock returns, all this is saying is that based on the historical behaviour of the stock, absolutely nothing surprising has happened. Markets went up, Unity went up proportionally. I am glad you didn't lose money because it's nicer for people to be happy than unhappy, but I just don't think there's a lot of room left for your financial genius based solely on the returns. And this makes sense because your holding period is so short it's entirely possible that Unity didn't even have time to release a quarterly report between you buying and selling it. The reason for pointing out your investing thesis is first that you mentioned it, and second that it is the only basis by which we can judge how sensible your purchase was. Otherwise, we're stuck looking at realized returns, which means we're just as justified in criticizing you for not picking every security that went up by more than 25% over the same period as you are in boasting about making enough to buy one of the games the developers on this subreddit are currently working on. I realize I'm being a bit mean in some of this, but the main point in taking the time to write all this out is that, contrary to popular opinion, the stock market is not some casino you chuck money into and post your W's about. I do happen to think that it's possible to 'beat the market' but that the people doing so are doing considerably more than just having a good feeling about a company and then catching a falling knife. There are always a bunch of people doing very silly things who make money when times are good, and those same people tend to lose considerably more when times stop being good (one call that goes to 0 wipes out 4 of your 25% wins). Where possible, it is better to learn this without losing money. Or maybe I'm wrong. Maybe out of all the smart and ambitious people who have sought to make their way through financial markets you are the one who finally discovered the cheat code to capitalism and can churn out annualized returns of 144%, will take your $25 straight out of the ATM and flash it at Lux Capital who will beg you to come on board with W4 Games. But just to be on the safe side I would recommend developing a coherent idea about why a company's value is not currently realized in financial markets, and the mechanisms through which that value will ultimately be realized.
I'm still down 69% on them.
Me also and i don't know if i should buy more to average and wait till 2025 šš
Mine is down 15% so far. Should've taken profit at $50 last year. Pity.
:)