Impatience is our No. 1 Enemy

A little poll I did on Twitter summarizes the common misconceptions we all share.

That is why I have chosen the topic of today's article according to the results of this survey.

Ya Patience,

I love reading and research as much as you do. There was a statement by Bülent Topbaş in an article in Forbes magazine that caught my attention "Stocks are the investment instrument of dervish investors who know how to show patience"

Indeed it is. I will give a simple example for the Elliott Waves theorem.

In general, while walking a beautiful share at the 1 point, we sell our hands in the so-called 2nd Wave in a correction that comes by nature, sometimes we have entered from the top of 1, while continuing 2', we close the position at a loss, but we miss the 3rd and 5th Waves.

As it can be seen, the patient dervish has achieved his goal. There is no need to look far away, in fact, it is a very good example for those who want to understand.

Surat al-Baqarah, verse 155: And certainly We shall try you with a little fear and hunger and a little deprivation of wealth and lives and produce. Give glad tidings to those who show patience.

Believing that we have made a good introduction, I will move on to the development section.

Hiccup, hiccup, hiccup, hiccup...

10 years ago you had 1.000 USD and let's see what happens when we invest it patiently

Everyone has their own dreams. If you are someone who spends time on my blog, you probably enjoy listening to success stories.

Tech giants like Amazon, Facebook, Twitter, Netflix (or Nekshfliksh), Spotify, were once cute, small and humble start-ups.

Let them continue to grow, we don't mind, but let's see if this growth creates opportunities for us as well.

Let's calculate our simulations by going back not so long ago, just 10 years, and calculate how much money you would have now if you invested 1000 USD. If you read the data at a later date, I am talking to you around April 1-4, 2020.

It's not a joke, it's all real, let's get started:

AMAZON:

April 1, 2010: 1,000$

March 27, 2020: 13,991.90$

APPLE:

April 1, 2010: 1,000$

March 27, 2020: 11,053,48$

NETFLIX (NEKŞFLIKŞ):

April 1, 2010: 1,000$

March 27, 2020: 33,955.99$

FACEBOOK:

April 1, 2010: 1,000$

March 27, 2020: 3,728,66$

Isn't it much more profitable than buying houses, cars or gold?

In 2010, how much would a 1,000USD gold investment be worth now?

Our elders always direct us to gold. Gold is always number one as the most preferred investment instrument and the one that is suitable for under the pillow. In fact, it has a modest output.

April 1, 2010: 1,000$

March 27, 2020: 1,433,27$

By the way, while 1 dollar was 1.51 TL on April 1, 2010, today it is traded at 6.71 TL. When calculating your investment values, 6.71/1.51=Do not forget to multiply by 4.44 times 😉

I don't need to tell you about inflation. Please take it into account in your calculations.

And the result?

Patience shows this. Learning to be patient if you don't want to be too affected by the speculation movements that shake up small investors you have to.

I am now waving my magic wand at everyone who reads this article and sends it to at least 10 people. You will turn into a stone of patience.

Just kidding, I wish you to stay away from market charlatans as in your life

Thank you.