Risk Disclaimer

The positions in this portfolio are incredibly risky and extremely volatile.

No one at Get Irked is a professional financial adviser (or a doctor), so consult with your own financial adviser to see if any of these positions fit your risk profile (and stomach).

Palantir Tech (PLTR)

Palantir Technologies’ (PLTR) had the unfortunate placement in the cloud services group this week, none of which did well as inflation continues to batter down the growth stocks. Add to this the fact that PLTR tends to be a “Black Box” where no one really knows what’s going on in the company and you get the recipe for a -11.11% weekly drop and the well-earned spot of the Week’s Biggest Loser.

Four weeks and still no action…

As of this update, four weeks have passed since I made any moves in the Speculation in Play portfolio. While I do like to make fun of my own boredom when it comes to the lack of action, the reality is that long-term investing… even long-term speculative investing… should be boring.

One of the most dangerous pitfalls any investor (and even traders) can fall into is to feel like they must do something. Whether the market is selling off wildly, heading into an epic bull rally, or just trading sideways, many investors will convince themselves that, surely, they need to make a move.

This is absolutely not the case.

Studies have shown that some of the best investing results stem from investors who simply keep adding money to their positions over time through Dollar-Cost Averaging (DCA) and who never worry themselves about their portfolio’s performance.

In the short term, weeks of inactivity can certainly feel boring, but payoff in the long term is worth all the thumb-twiddling and sitting-on-hands(ing?).