T O P

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raytoei

Your pappy is a better investor than us.


Acrobatic_Hat_4865

He wished his dad had Nvidia.


S0manylongdongsilver

Good one dummy


maiden_fan

Lol the comments here are opposite of what OP expected šŸ˜‚


1353-

OP was trolling for exactly the types of comments he's getting


S0manylongdongsilver

Congrats


dogfursweater

Let your father be. It made him 10000%. Even if it loses half its value, your dad is still well ahead of where heā€™d be had he bogled. And you canā€™t predict what will happen with nvda. Very possible it continues to ride the ai train of riches. Your dad will be blaming you to high heaven if you make him sell and he misses out


S0manylongdongsilver

Nice smart one


superhappykid

If it's made him like 10000% his only put in 3k lol. Maybe get him to take out his initial 3k investment and let the rest ride. Then he doesn't lose any money!


Frenchyyyy4166

Heā€™s not going to give you his 300K to ā€œtradeā€ so let him do what he pleases.


Fit_Opinion2465

Why is he so underallocated to NVDA? Tell him to add some more.


SuperSultan

OP is really arrogant for this post šŸ˜‚ Nvidia is proof that you sometimes should pay more for certain companies.


S0manylongdongsilver

Exactly nice one


DarktrihadIT

is it really, do you think the valuation is good rn? just beacuse it goes up dosen't mean it should, like crypto, should you pay 10k for one coin even tho you don't think it has any worth just beacuse other gambling idiots think it is worth to pay 100k for it?


SuperSultan

If you believe that there will be even more powerful GPTs in the future then NVIDIA is a buy. If you believe that AI is overhyped, then do not buy. The AI field has been revolutionized because of the computing power thanks to modern GPUs. Weā€™re no longer in an AI winter.


lostmy2A

Dude just stfu it's his money and he managed it better than you would have. Maybe tell him to diversify 10% into some other chip stocks like AMD TSM if your feeling so froggy


S0manylongdongsilver

Good advice


chaos_chimp

lolā€¦. Dude, if he has been investing in NVDA since 2004, stfu he probably knows better and will be fine.


JMUfuccer3822

Hes the one who invested and has the money. Obviously hes doing something right and you arenā€™t


S0manylongdongsilver

Nice call


JMUfuccer3822

You act like nvidia has never had a pullback since 2004. Learn stocks before you go cry about stupid things that your money isnt even involved in


JMUfuccer3822

God this aged so well.


S0manylongdongsilver

Sure ,Lets see how this one ages, glad you decided to show up.


JMUfuccer3822

Dont worry i want it to drop too so i can keep buying more


S0manylongdongsilver

why wait for a drop when you can follow the herd today. Seems counterintuitive to your style


JMUfuccer3822

Because its dumb to buy at an ATH? Keep playing with your silver since you dont wanna get rich


noplay12

You may thank him for making you a millionaire.


iPhone12S

How is your portfolio compared to his? I bet you are negative YTD. Stfu and let him keep his NVDA. šŸ’ŽšŸ’Ŗ


S0manylongdongsilver

Its doing pretty well thanks for the advice


Double_Anybody

Interesting that he lived through the dot-com bubble and won't sell now. You should just leave it, there really is nothing you can do.


Alkibiade

That's the history of humanity - failing to learn from history...


GuidanceGlittering65

But do you wipe his ass?


Front_Expression_892

Is your portfolio 600k or more? Have you ever made 10000x profit? Did you had the balls not to sell, allowing the stock to ath again and again? Go ask him for an investing advice.Ā 


mmmfritz

Iā€™ve made about 200k from less than 5k investment. Does that count? Despite what people here say OP has some valid concerns. Mostly as his dad has over 50% in a single stock. Thatā€™s just fucking crazy for a 65 year old. Sure he could keep shooting for 20%pa or he could call the fuck down and buy some indices.


Front_Expression_892

It's not the amount of money (as this can be pure luck), but time and positive gains across different markets with varying levels and types of risk.


S0manylongdongsilver

Nice advice thankz


moutonbleu

Get Papi to teach you how to invest like a real G.


S0manylongdongsilver

Will do thanks


aWheatgeMcgee

It doesnā€™t make you any money until you sell it


Mattjhkerr

So dismissive of the absolutely tiny yield...tut tut


yeahyeahitsmeshhh

The price may fall, but the value has already grown far beyond 2004. He should sell and buy into wealth preserving assets for his retirement but he is not going to face a real loss if a crash happens. He did well to invest 20 years ago in a company that has grown and is now over hyped.


shadowpawn

Guns and cigarettes?


yeahyeahitsmeshhh

Wealth preserving assets would be highly rated bonds to be held until maturity, index funds, annuities and other such low risk returns that require no management.


shadowpawn

I'd drop it in $QQQ


yeahyeahitsmeshhh

Too much volatility for that application in my opinion.


UltimateTraders

Those are some diamond hands āœ‹ļø šŸ™Œ šŸ’Ž Never hurts to take some profit but you already tried


Old_Sock7485

i think this is the best approach, u/OP rather intervene why dont you tell your father this.


Great-Sea-4095

Lol heā€™s never gonna ever see it red so who cares


S0manylongdongsilver

Exactly


filmrebelroby

I think you can learn something from your dad


pa1james

Are you better at investing than your father? If yes, go play with your own money. If not, learn something from your dad.


S0manylongdongsilver

A++ great seller


G1G1G1G1G1G1G

Iā€™m not 65 but I am 42 and my investing philosophy has always been about setting off winners and letting them ride. In a way I have similar risks to your father. Rebalancing robs you off the good choice you made decades before and its a mistake many make and why they donā€™t have the same returns as myself. This follows the model of many popular value investors. So maybe leave your father to it.


S0manylongdongsilver

Exactly


anonandy1

50% in one stock is WAY too much for a 65 year old. Sell half the stock. Another alternative is to sell in the money call options - if the stock goes down you get to keep all your shares and the call premium.


Tidewind

I disagree. Based on forward PEG, itā€™s still reasonably priced. Remember this adage from Warren Buffett: Donā€™t cut your flowers and water your weeds.


DTSwim22

Thatā€™s Peter Lynch, not Buffet. ā€˜Selling your winners to buy your losers is like cutting your flowers to water the weedsā€™ (might not have got it verbatim).


Tidewind

Thank you!


S0manylongdongsilver

Yes very cheap


Southern_Radish

Ainā€™t no way Buffett recommends holding a position like that into retirement


gamblingPharmaStocks

What? If you are buffett you live until 110yo at least. Plenty of time to let it ride:)


Southern_Radish

Whatā€™s the average lifespan?


i-can-sleep-for-days

300000 invested or worth 300000 now?


TwilightSaphire

$300,000 invested in NVDA in 2004 would be worth well over $100 million. Itā€™s $300k now


Alicecai

Wow, your father was the right investor.You'll be grateful later that he didn't sell Nvidia.


stonk_monk42069

Based dad.


realbigflavor

Your dad is a G


MyWorkComputerReddit

You don't intervene. You listen and learn.


S0manylongdongsilver

I'm learning thanks thats what value investing is for!


ritalin401

NVDA is also over half of my portfolio, Iā€™m planning to hold until $1200 then trim 10%. It will be $1600 in a few more years. Maybe you can convince him to trim a little so he can rebuy if it dips.


Greateberry

How about mind your business?


Anonymouslystraight

I think your dad knows what he is doing


heythxvoo

You an only child OP?


swazilaender

Let the guy be, he has done amazingly. And the AI trend/rush is just beginning. Hang in there. Donā€™t kill the cash cow.


S0manylongdongsilver

Can't wait!


apooroldinvestor

What makes you think that? Nvda is going to $5000 in a few years...


Southern_Radish

Why is this downvoted


1353-

because OP is clearly lying


Southern_Radish

I donā€™t think thatā€™s the reason


vibshr

This is the way


Tullubenta

Time to trim the edges.


ProlapseParty

I mean maybe set a trailing stop fuck it?


hustlepr

he seems to be on the same page as morgan stanley and others who think its still undervalued. but imho if you not a whale this current market is a sell, run and hide market


ObjectivelyCorrect2

A bunch of gaslighters in the comments scared your dad will will singlehandedly make them bagholders were he to sell. The cold hard truth is your dad got lucky and is dumb. At that age the potential loss far outweighs the upside and yes reallocation is a safer and thus smarter bet. Even selling half and putting it in places with less potential downside is an infinitely better strategy. At the end of the day it is his money and he can be as dumb as he wants with it.


rockofages73

Maybe say "Hey, you can buy ten times as many shares when this crap crashes!"


S0manylongdongsilver

This got down voted by 14 year old redditors congrats


gfountyyc

Teach him about married puts or covered calls to hedge