To The Moon

Tech stocks like $Alphabet(GOOGL)$ and $Meta Platforms, Inc.(META)$ have never been higher in the last few months, after previous months of hitting lows. Bank stocks are now at its lowest after highs in Dec. My usual thoughts, like most of the market, is why didn't I invest in them earlier?

But when I think back, these stocks were projected to be going down because of competition and the general economy. I wouldn't have guessed that they would rise above the grim forecast of possible recession. I view this as part of a large cycle where prices rise and fall and I feel they will rise in general (as long as they continue to innovate and be profitable).

This brings me to reflect on my strategy. I think that if one has really identified a good company, one should continue to stick with it and invest in it for the long run. Of course, a while ago, I mentioned holding it for a long, long time, but I received comments that it is also important to identify when to let go. One such example is $Credit Suisse Group AG(CS)$ which is at its all time low. I acknowledge those comments and I understand that one must also read up on the company to know when to let go.

One company which I have stuck with is$Grab Holdings(GRAB)$ (no surprise there right?). I have stuck with it through the highs and lows within the last 2 years and I think a possible time to let go will be after the end of this year, if it proves unprofitable. My thought is that Grab's price will rise on its way to profitability and then remain stable. But that's if it continues to meet expectations (which it is). Of course, it tanked during it's recent earnings report because of investors concern that consumers are cutting back spending but despite this, i view this as part of the cycle and I will continue to hold. If the price doesn't change at the end of the quarter or if the company's business model (in terms of being innovative or head towards profitabilty) proves unsuccessful, it is time to sell and stop cycling.

@TigerStars