FOMO on Nvidia | Should I still get in right now?

FOMO hits hard and especially today as news and friends around talk about Nvidia. Opening my instagram and twitter today, I saw all of this and much much more:

 

Huge news but at the same time, it feels like I missed out on all the gains. I have a friend who is rather into the semiconductor industry hence he was invested in various semiconductor stocks early on, he did mentioned it to me at that time but I brushed it as it was not an industry I was interested in. Too technical and it feels like it was a really niche area.

Fast forward a few months to Covid, it seems like the supply chain was reliant on semiconductors for every electrical applicances. Still, I was not paying any attention to it as every other area like crypto, Tesla seem so much more exciting. Moving forward, the AI wave together with ChatGPT came like a tsunami and companies with hardware for AI is taking the lead in their earnings and growth as technology companies and every other companies are trying to purchase the hardware for AI compute.

Should I go in now?

Nvidia is still going to do well I think in the short term as we can see orders coming in still for it’s GPU. I don’t really know the technical things for semiconductors, CPU and GPU, design of chips and manufacturers, I think that’s about all I know.

It does feel upsetting to be missing out on all of the growth, there might be more growth incoming but I think I am not going to go in at the moment because I do feel that I have missed out the large proportion of it’s growth and I am saving up cash for some leisure travel so not going to initiate a position as I would only be able to have a small position.

 I have friends who invested in it and have their portfolio rocket 🚀. I do feel jealous looking at it, the growth has been massive so I comfort myself by saying that I do holding Nvidia as well via my QQQ positions. Haha, I know it is different but somewhat the same?

Overall, I enjoy the memes and glad that the market overall is hitting ATHs, my portfolio has been steadily growing and my QQQ positions has been growing so happy with that. Happy with how the market is, missed out on this but there will be many opportunities in the years to come, I hope haha. I don’t think the AI growth will stop here rather, it will be growing and might have just started. Looking forward to how the portfolio will look at 2H 2024. Q2 portfolio update coming soon.

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An update on my crypto portfolio in 2024

In 2024, I would say that my crypto portfolio is a lot cleaner compared to the highs of crypto in 2022 where I was holding a lot more coins that were like game tokens, I was playing around with so many and have chosen to standardised it to 3-4 positions right now in 2024.

Memecoins and AI tokens have taken the quite the stage once again this cycle as we see individuals who made it big but definitely there are those who lost money. Some might ask me why not just try out with the alts since there might be a chance that I can make it big? But I have grown tired, lost some money in the previous cycle and so just holding onto the bigger ranking coins are enough for me.

I currently have 4 positions in my crypto portfolio, namely Bitcoin, Ethereum, Solana and Chainlink. If you consider the proportion of the individual positions, you can just consider it as Bitcoin and just Ethereum.

Crypto portfolio as of 24 May 2024:

How has it been in 2024 and going into 2025

ETH has been stuck in the $2000 - $3000 USD region for quite some time. Solana has been the one gaining lots this period as the fun memecoins has been there.

But the recent hype on the approval of the ETH ETF has been helping ETH price action as per the chart below:

The listing of the ETH ETF is not yet confirmed, only approval has been given and so there is no set date yet for the listing. It is great news and the approval of the ETH ETF was really rushed with the SEC giving short notices to the companies on what was the progress and so when more action was needed from the company, it was only a few days before the approval.

2025, the year when everything goes wild?

When we entered 2024, it was predicted that there will be 6 rate cuts but now, we are almost halfway into 2024 and yet 0 rate cuts have happened and most predict for 1 rate cut this year. So most of the cuts are predicted to happen in 2025 and 2026, but of course, nothing is certain and the FED has for now says that they would like to observe the inflation data over a period before deciding.

When the interest rate cuts starts, it is predicted that the markets will rally as money would be more accessible so we can see how it all goes. In the meantime till then, continue accumulating and will update along the way as time goes.