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ServiceNow stood out as a fascinating case study. Despite its stellar performance in 2021, like many tech companies, it faced a challenging 2022. This brings us to an essential investment lesson: strong fundamentals don't always mean you should hold on during a price fall.
📉 In February 2022, when stocks were tumbling, we didn't just watch them bleed. The stock market can be like a game of snakes and ladders; riding a stock all the way down and back up can leave you where you started. Instead, we chose to exit and hold cash, avoiding significant drops like Meta's 80% plunge.
📈 Fast forward to January 2023, and with ServiceNow's fundamentals remaining robust, it was time to re-enter. This decision paid off handsomely, as ServiceNow became one of our top performers this year. It's all about timing and recognizing the right moment to buy, akin to Warren Buffett's approach to taking over a company.
Join My Private Great Investments Programme www.alpeshpatel.com/shares
Risk warning: None of this is individual advice and all investing is risky
This is part of my www.campaignforamillion.com to teach a million people to be better investors and make an extra million in their pensions as a result across their lifetimes.
Follow me on LinkedIn: https://lnkd.in/e9FFsybJ
Follow my YouTube channel: https://www.youtube.com/channel/UChJeyFshCmwND6-aY3pSs3Q
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RESOURCES & LINKS
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https://www.pipspredator.com
https://www.investing-champions.com
https://www.trading-champions.com
#tradingonline #investing #trading #pipspredator #alpeshpatel #business
Subscribe to my newsletter for more tips: https://www.alpeshpatel.com/blogsignup
Subscribe to my Telegram channel for daily market information: https://t.me/pipspredator
Follow me on my LinkedIn Page: https://www.linkedin.com/in/alpeshbpatel/
Join my Facebook community: https://www.facebook.com/tradefx4profit
Follow more free resources including my book from www.investing-champions.com and www.alpeshpatel.com
My daily insights are on my instant messenger app - also free.
Alpesh Patel OBE
ServiceNow stood out as a fascinating case study. Despite its stellar performance in 2021, like many tech companies, it faced a challenging 2022. This brings us to an essential investment lesson: strong fundamentals don't always mean you should hold on during a price fall.
📉 In February 2022, when stocks were tumbling, we didn't just watch them bleed. The stock market can be like a game of snakes and ladders; riding a stock all the way down and back up can leave you where you started. Instead, we chose to exit and hold cash, avoiding significant drops like Meta's 80% plunge.
📈 Fast forward to January 2023, and with ServiceNow's fundamentals remaining robust, it was time to re-enter. This decision paid off handsomely, as ServiceNow became one of our top performers this year. It's all about timing and recognizing the right moment to buy, akin to Warren Buffett's approach to taking over a company.
Join My Private Great Investments Programme www.alpeshpatel.com/shares
Risk warning: None of this is individual advice and all investing is risky
This is part of my www.campaignforamillion.com to teach a million people to be better investors and make an extra million in their pensions as a result across their lifetimes.
Follow me on LinkedIn: https://lnkd.in/e9FFsybJ
Follow my YouTube channel: https://www.youtube.com/channel/UChJeyFshCmwND6-aY3pSs3Q
------------------------------------------------------------------
RESOURCES & LINKS
------------------------------------------------------------------
https://www.pipspredator.com
https://www.investing-champions.com
https://www.trading-champions.com
#tradingonline #investing #trading #pipspredator #alpeshpatel #business
Subscribe to my newsletter for more tips: https://www.alpeshpatel.com/blogsignup
Subscribe to my Telegram channel for daily market information: https://t.me/pipspredator
Follow me on my LinkedIn Page: https://www.linkedin.com/in/alpeshbpatel/
Join my Facebook community: https://www.facebook.com/tradefx4profit
Follow more free resources including my book from www.investing-champions.com and www.alpeshpatel.com
My daily insights are on my instant messenger app - also free.
Alpesh Patel OBE