Porch Group, Inc. (PRCH) Social Stream
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For context and perspective, as we’re all pretty frustrated with the price action lately.gaineous, published July 14, 2021
The only way to beat the street is, during times like these, take advantage of the low cost basis due to ST attacks, and start building a portfolio of stocks that will be the dominant players in their field, 3-5yrs from now.
The biggest advantage that the street has, aside from the amount of money controlled by funds used to manipulate pricing in the ST, is that most retail trades; I.e. holdings are usually less than 1yr (actually a high % is 3 months or less).
Remove the 1yr variable, and we swing the advantage somewhat back in our favor. Don’t play by their rules.
Do we think that $BODY $FUBO $SOFI $AMRS $PRCH will be at these prices 3-5yrs from now? I don’t; so this down cycle is the perfect time to build out a portfolio that will reap huge rewards 3yr+ down the road.
Is it painful to watch and remain patient though; I can’t deny that!