Misconception in investment 1- Hold for long term= Profit?

Eiii wait, Hey JM investor, I thought in your last video you said time is our friend if we hold long enough?
Yeah, please chill. What I mean here is, I found many investors, traders, or rather gamblers, when their stocks crashed, such as $Palantir(PLTR.US)$ , $Unity Software(U.US)$ or $Peloton Interactive(PTON.US)$ , what I heard from them are: Just hold, they will recover soon or later. Just delete the apps, 2 years later it will be back.

To be honest, the only instrument that can hold long for a 100% profit is only index ETF such as $SPDR Dow Jones Industrial Average Trust(DIA.US)$ , $SPDR S&P 500 ETF(SPY.US)$ and $Invesco QQQ Trust(QQQ.US)$ , or any similar ETF that tracking the index.Next will be the companies with superb fundamental, but they may not be the market leaders in the next bull cycle. There are still risks but minimal to hold these companies for long.These stocks price are supported by their revenue, net earning and cash flow.

$Teladoc Health(TDOC.US)$ :

$Unity Software(U.US)$ . Tumbled 86% from the all time high

$Skillz(SKLZ.US)$ , tumbled 97% from the all time high.

$ARK Innovation ETF(ARKK.US)$ , tumbled 79% from the all-time high.

$Palantir(PLTR.US)$ . Tumbled 86% from the all time high.

$Nano Dimension(NNDM.US)$ , tumbled 88% from the all time high.

$NIO Inc(NIO.US)$ , tumbled 83% from the all time high.

Even one of my favourite companies, $Snap Inc(SNAP.US)$ , tumbled 75%.

In addition, I also heard some worries that the current sold off could be similar to Year 2000 dot.com crash, where $Nasdaq Composite Index(.IXIC.US)$ tumbled for almost 80% from the all time high.

After the dot.com crashed, it never be able to recover until year 2017, then it was acquired by $Verizon(VZ.US)$ .

However, during this period, $S&P 500 Index(.SPX.US)$ already recovered from the dot.com and sub-prime mortgage crisis, and achieved a 226% gain in year 2017!

In addition, there are some cyclical stocks which I am not keen to hold for long as well. Take $Bank of America(BAC.US)$ as an example. Look on the pass 18 years data, from year 2004, BAC indeed down 21% for 18 years! Mean that if we hold for long for $Bank of America(BAC.US)$ , not only we did not gain any profit, we are losing instead! Please note that I do not consider dividend gain for this example.However, if we look its individual cycle, we would see that the move was big. For example, it dropped 94% during the subprime crisis. Then, it recovered for 731% from the low. But then, it crashed for another 74%. Next two bull cycles gave almost 180% gain! Then the recent sold off hit the stocks for 27%. Thus, for cyclical stock, it is good to buy or short them for short-mid term.

It is similar to the oil stocks. Using $Exxon Mobil(XOM.US)$ as an example, although seems that since year 2004, the gain looks good with 116% for 18 years. But, if we look closely, the similar gain can be achieved from year 2004 to year 2006! Then it follows the cycle up and down.

How about $S&P 500 Index(.SPX.US)$ ? During the same period, the gain was 270%.

For $Nasdaq Composite Index(.IXIC.US)$ , the gain was 430% in the same period!

How about my favourite stock $Microsoft(MSFT.US)$ ? The gain was 908%.

I will be sharing another 2 misconceptions that would crush our portfolio in the next video. Please give me a like if you gain any insight from my video. And subscribe my channel if you would like to get my latest update. Thank you and see you in the next video.