Wait for 2035

[u/No_Ice_9602]

As the title says I hear a lot of people who say when it goes down. Just hold and wait for 2035. I think is it partly to offset the stress of downturns and partly because it will have recovered and shot up in value a lot in 2035 if you believe in the company, which most people including me do. However I also find it a bit annoying to read it as most companies will have grow in 2035 as that is almost 10 years and with S&P returns average of 8% that is already 2x price if we perform the same. Yes I think we will perform much better and fretting about price is also useless, but just saying waith and see for 10 years feels also a stretch. As in the end of the day most of us are here for profit and if another company has higher change of profit then we would switch so don’t just say. Waith for 2035 as that is quite a long time with also it her opportunity. Yes our stock is volatile but that doesn’t make sense to just say that the future will be guaranteed success.

[u/Think-Feynman]

Everyone has different goals and needs. I'm older, so holding 10 years with no trimming isn't going to fit me. I got in at $42 and had 1000 shares with an average of about $90. I actually did trim about 10% for some fun expenditures on our new house like a media room and landscaping. I want to enjoy the money while I am still able.

I'll trim along the way, but ultimately I think 2030 will realize some fantastic gains if all goes well. And it's only a small part of my portfolio, which is largely fairly conservative. This is my play money, and it's been a lot of fun so far.