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Have you tried giving up on value picks and just buying tech.

Definitely. You’re not alone. And the boring life is great. I still stay heavily informed reading WSJ, Barron’s and IBD religiously, but it’s just for myself and to stay informed and to be come more wise in the world of finance and understanding how an economy and geopolitics work. I read a book called “the psychology of money” that really helped me in my journey.

I still sometime sell and buy new stocks. Sometimes even doing same day trades, but I just have to always know that’s money I could lose or that I likely could have made just as much money if I didn’t do squat.

Many people never learn, and may people lose everything, so don’t be too hard on yourself.

i just pick what’s popular on reddit, and usually win out. most ppl on here are nerds, and much better at [whatever sub we’re in] than i am.

Its tough. I still browse stocks once in awhile and kick myself when I see stocks shooting up 100% in 3 months. But then I think of the mistakes I made back in 2021/22.

It's so hard to catch thise winners early enough. I usually ended up buying in at the top lol.

Yes.

I'm constantly reminded that I SUCK at short term plays.

I've done decently buying and holding.

It's like admitting I have a gambling problem, because I do. It's just so much fun when a short pays off, but it's NOT worth the stress.

Do what most people with high net worths do:

1. Put as much money as you can into broad index funds (usually $VOO, $VTI, or $VT). Try not to ever touch it, no matter if the markets are red or green, until you retire or have enough to invest in yourself (i.e. buying a home, funding education, etc.)
2. In-line with point 1, keep enough cash on hand so that you never have to touch your index funds. Compounding is an exponential force and stopping it can be more costly than having low to negative real returning cash on-hand if you lose your job or life happens
3. With a small portion of your money (say 1-2% of NW), invest in individual stocks. My favorite is taking some speculative picks on unloved sectors. I've been following the markets for years and have found there's moments nearly every year where the street gets bearish on a sector of the market and throws out the baby with the bath water. This year to me, it seems like software.

Making one good pick per year is plenty - no need to be a hero. If I fail, well, the S&P is still probably reaching or near all-time highs, so I'm good

You might not suck.  You just don't have the advantages a fund manager at a firm like Blackrock would. 

Most people suck at it - I saw no reason to think I was any different when I set out to try to figure out how to beat the S&P500. I just design portfolio systems rather than trying to pick individual companies I think will win. It seems to be working so far. 

Time will tell if I'm right or just wrong but lucky. 

[My best pick so far](https://www.reddit.com/r/stocks/s/5Bp054dZeX)

Just buy top right corner charts. The market puts the leaders right in your face. All those tickers you look at and saw ‘woah no way I’m buying that it already went up so much’ - those are the ones. It makes it seem so obvious you can’t convince yourself to buy.

Ofc I’m not saying blast whatever ticker you see making a new ATH every day. They all come back in from time to time. You want shallow pullbacks amid strong trends.

All this supposed due diligence P/E cash flow blah blah blah is a waste of brain cells. The market does all the work for you. All you have to decide is how much you’re willing to risk.

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Yes, thankfully I figured out a long time ago that the people on the other side of the trade or contract are smarter than and have more time than me. This was about 2012 and since then just 95% locked into broad ETFs and 5% dumb play money.

Anyone who says they can beat the market for 10+ years is full of shit.

[lol](https://share.google/NCuI6Ti44NtltVPXS)

yes, what i do is about 70% s&p 500 and 10% each vaguard wellesley, wellington and growth&income. low fees & diversification is achieved. My 10 year avg rate of return is 13%. I spend zero minutes a year fucking with it. I only check its value maybe once each 6 months. Its very liberating compared to constant fiddling and faddling only to let emotions cause mistakes and trading expenses not to mention time wasted add up. Set it and forget it. Have faith in your process because due to market efficiency all news is instantly priced in. Its worth what its worth and youre not smarter than the market.

"I used to spend my entire lunch break reading earnings reports and trying to find "undervalued" mid-caps"

It's a good effort and hopefully there were lessons learned that can be applied when the market wants that kind of thing more. Most of the last half decade or so has been growth narratives - expensive has gotten more expensive while "undervalued" became more undervalued as money has flowed so heavily to growth.

There is something to the concept of looking for undervalued names, but the problem imo is that people shouldn't - especially in this day and age - limit themselves to one Morningstar style box of investing (midcap value perhaps in your case.) There will be years where that just doesn't work.

International worked very well in the 00's, but then didn't for like 15 years. If someone wanted to continue to be an international investor through that, then that's their choice but shouldn't be surprised if they underperformed.

So it's hard to be more specific without knowing what stocks you picked, but I think this is a case of trying to be a kind of investor that hasn't been rewarded by the market for a long time. Will probably be again someday but I have no idea when that is.

SCHD is something you should consider later in life, it’s not a growth position it’s a dividend fund. Your plan also completely lacks foreign equity allocation. I’d sell SCHD and use that toward FNDF, FENI, or FIVA.

congrats bro

If you're really fed up just buy some FDIS which is coincidentally doing quite well today.

Well for starters, you weren't investing you were trading. It's called value investing not value trading

I mean once you have $1,000,000 chilling in VOO and there’s a 1.5% green day like today, who would want more performance than that? That’s $15,000 in a day for chilling and doing nothing. Plus the fat VOO dividend yield you get.

You want to own individual stocks? Why when you’re already getting them in the index. That’s how I look at it. And you benefit from every sector rotation because you own all the sectors! And whenever the market tanks, the index is the least down!! So you’re sleeping tight while everyone else is panicking.