During our busy routines as developers, investing in stocks might be a clever passive strategy to let your money grow while you are working on other projects, so you can double your rewards later.
Have you ever invested in tech stocks and what's your experience/lessons learned from it?
Top comments (8)
I have invested in several tech stocks, particular software-first dev tools where I feel like I might understand the space better than the typical analyst.
Most tech stocks these days are VERY VALUABLE these days, and I don't try to pretend I know the intrinsic value of some of these companies, so I don't have any "great picks" these days to offer.
As a user of several products in the category and observing the overall landscape, I was a believer in Fastly, and the general category. So I put around $5k into Fastly less than a year ago and that investment is now worth about $35k.
I am incredibly fortunate to have made about 30k on that one pick, and a lot of success in the space in general, but these days I don't really see cheap software companies whose business I understand well, so I haven't done much stock picking for a while.
One can use their understanding of technical leverage to spot when stocks are set to perform well based on their technical execution, even if they are not tech companies. I invested into Domino's Pizza a few years ago on that premise and that was a big win.
Since I created a Robinhood account a few years ago I've mostly bought when I suspected value and held indefinitely. I graduated college with no money and plenty of debt, then I traded earning potential for entrepreneurship for many years in my adult life, so I wasn't able to build a nest egg from a software career the way I might have been able to had I put all my focus there, but I think entrepreneurship has helped me better understand the markets and make sound choices to this point.
My biggest piece of advice is to not act over-confidently. Picking stocks is extremely risky. Do so sparingly.
Thanks for the input, was an interesting read 👍😉
Btw, you should probably consider a DevDiscuss episode, could be a nice topic 😉
When you're looking to invest in crypto assets, it's easy to get caught up in the hype. The market is still relatively new, and there are tons of projects out there with big ideas and great potential. Some have come out with huge promises but little or no substance. Others might have a lot of substance but little to show for it so far. It's vital to do your research before putting your money into a project or buying into the market. I've read from tradewise.community/ a lot of articles that helped me have my portfolio of investments.
Thanks for sharing 👍✨💯
Directly, no. Very much a "don't sh*t where you eat" mentality. I don't invest in my own lines of business. (partly because I know the inherent risks too well, partly because I want some financial detachment from my day-to-day)
Indirectly, however, it was certainly part of a bunch of funds I invested in.
I didn't invest in Tech stocks. But I invest in stocks. The biggest lesson I learned
Last - Read "The Intelligent Investor by Benjamin Graham"
I mostly invest my money into ETFs, favorably an all world or MSCI world index fund. But I also have some stock of Microsoft. Why Microsoft? I trust this company. For once they have a really wide product offering, think of windows, office, the cloud, Xbox and many more things. It's diversified in itself.
Another reason for Microsoft for myself is that Microsoft got me into coding. I started back in the days with Visual Studio and C# and still love the language. But because of this I trust them.
But take everything with a grain of salt. I just invest money into Microsoft that I see as non-necessary money. If the position would go to 0 I would be fine with that. Otherwise quite happy with the stock.
Hey,
Years ago I invested in AMD and made a bit more than 50% in less than a year. I did not spend much, as I am not a fan of the risky way. But at that time (2017) they came up with the first ryzen and I understood, that they go to change the market. I was convinced by there technical data, and they were right. So it wasn't a surprise for me. I even had a bet with a friend that I go to gain 50% in a year.
Since than I didn't invested, as I didn't saw such a "save" gain.