I bought in 2017 in my IRA around $40/share. Was 5% of my account at that time. Never bought more.
Got it at the time because every aisle with electronic’s, computers, tv, etc… all had nvidia or amd in it. So like an aisle with 10 computers cheapest to expensive, nvidia was always in the best of the best/most expensive 5 in that aisle. (AMD had like 4/5 of the cheaper end).
As of now those shares are up 1,415%.
I own 100 shares of NVDA that I bought in 2016, I was a college student who got an intership in a company that developed a cloud rendering engine that was used in several VFX producst (movies, videogames, TV shows, etc...) they used only Nvidia graphic cards and some of the old guys there told me that almost every company only used Nvidia graphic cards, at the same time I noticed that domestic PCs and laptops started to be bundle with GC.
So, I took some money I had and invested in 100 shares and I'm not regreting taking that decision.
That's the thing. There was almost no retail daily trading like there is now. People moved slowly, invested much more simply and over longer time frames. A much smaller portion of society had that kind of money as well, and for many with disposable income, like now, traditions kept the cash literally under the mattress, or in hilariously shitty "savings" accounts that pay 2% when treasuries pay 5, if not spent outright on consumption for things like clothes and electronics, which were much more expensive then, proportionally speaking. Remember when a big screen TV was like 6-10 grand? and that was with back-then dollars too.... now walmart workers trade options on the dumper... its a fucking wild world...
oh, sure! they’re like what up 325% over the last five years. But have you ever eaten there?
Actually, it is an okay portfolio. Steady. But comparing his two portfolios with only six or seven entities and then making a broad proclamation is really dumb. Oh, wait. He’s a hump for Fox tv.
It's a feedback loop. Dipshits with no education flock to YouTube or cable news for insight into how to trade their Robinhood account. YouTubers/TV personalities make content with click bait titles. Dipshits then watch that content but lack an attention span so the click bait title is all they absorb. Dipshits then congregate to social media where they freely share their newfound knowledge. YouTubers/TV personalities then make more content with click bait titles because everyone on social media is so bearish.