Meta's journey from a 2004 start-up to a publicly traded company highlights the challenge of holding onto investments, even during market downturns. The article emphasizes that while picking winning stocks can be tough, staying invested through both bull and bear markets is arguably even harder. It uses Meta's significant value drop between 2021 and 2022 as an example of this difficulty.
Meta dorm in 2004, the company went public in 2012 and, after enduring a few tricky initial months, subsequently went skyward.
A $10,000 investment in Meta at its May 2012 price would be worth $184,200 today, notes Bespoke Investment. Still, buying the stock is one thing; holding on is another. Bespoke notes that between September 2021 and November 2022, Meta lost three-quarters of its value. Chastened, Zuckerberg reined in the spending on the so-called metaverse.
Fred Cooke: ‘Once when I was hungover, I accidentally put €50 in the basket at Mass, thinking it was €10. You live and learn’Still, it’s human nature to cut your winners and bank profits, so holding on during a bull market can be as difficult as during a bear market. As Meta’s history proves, the hardest part of investing isn’t picking winners; it’s having the stomach to hold them.Fred Cooke: ‘Once when I was hungover, I accidentally put €50 in the basket at Mass, thinking it was €10.
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INVESTING STOCK MARKET METAVERSE META HOLDING
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