In 2016, I purchased shares of Nvidia NASDAQ: NVDA), the graphics chip maker, for $68.97 per share.
About a few months after that, I purchased shares in a genomics company called Invitae (NYSE: NVTA) for $7.21 per share.
From the time I purchased Nvidia, all it did for the most part was go up. Over the next two years, it would climb to a high of $298 per share.
At that time it was the best-performing stock in my portfolio…up over 400%.
During that same period of time, Invitae was a horror show. But it still managed a gain of about 50%.
Now 50% ain’t bad. But Nvidia’s performance, of course, crushed Invitae on a relative basis.
Then, last October, the market started to crash…and it took Nvidia down with it. It plunged a whopping 57% at its low, before rallying.
As bad as that sell-off was, though, Nvidia was still the best performing stock in my portfolio.
Then along came the new year…
…and something phenomenal happened!
Invitae reported earnings that were off-the-charts good…and the stock took off!
In the months to follow, Invitae went from $11.50 to $25.75.
And now, Invitae is the best performing stock in my portfolio – up 226%.
The crazy part? This all took place in a span of three months.
This, my friends, is why you can’t try and time the market!
And this is what I love most about investing in stocks.
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