This Reddit ETF post was posted at the beginning of 2021, near the period of peak euphoria. Anyone who was around at the time can testify that this really did represent consensus opinions in this sub at that time, which you can see in the comments of that post.
I felt like it was going to play out poorly so I bookmarked it and forgot about it until last year, when I did an update. Now that it's been another year, here are the results using the closing price Friday 1-8-21 and the closing price Tuesday (intended to make this post Wednesday but forgot).
I used a $100,000 initial investment and just rounded all the prices to the dollar for visual simplicity (% change uses full price). This also backtracks prices from stock splits.
| TICKER | Jan8, 2021 | Jan25, 2023 | % change | Initial $ | Final $ |
|---|---|---|---|---|---|
| TSLA | 293 | 144 | -50.7% | 5000 | 2465 |
| AMD | 95 | 75 | -21.2% | 5000 | 3943 |
| PLTR | 25 | 7 | -71.1% | 5000 | 1444 |
| ICLN | 33 | 21 | -37.5% | 5000 | 3127 |
| NIO | 59 | 12 | -80.3% | 5000 | 986 |
| SQ | 241 | 81 | -66.5% | 5000 | 1676 |
| NET | 79 | 46 | 41.6% | 5000 | 2922 |
| DKNG | 52 | 15 | -72.0% | 5000 | 1399 |
| NVDA | 133 | 193 | 45.6% | 5000 | 7264 |
| APPLE | 132 | 142 | 7.5% | 5000 | 5373 |
| ENPH | 207 | 210 | 1.6% | 5000 | 5080 |
| PLUG | 67 | 16 | -75.6% | 5000 | 1219 |
| SE | 210 | 64 | -69.4% | 4000 | 1736 |
| BABA | 263 | 120 | -54.3% | 4000 | 1829 |
| CRSP | 164 | 51 | -69.1% | 4000 | 1238 |
| TSM | 119 | 92 | -22.3% | 4000 | 3106 |
| AMZN | 159 | 92 | -6.8% | 4000 | 3726 |
| DIS | 179 | 108 | -38.9% | 4000 | 2442 |
| ABNB | 150 | 104 | -30.4% | 4000 | 2416 |
| FSLY | 88 | 10 | -88.7% | 3000 | 338 |
| CRM | 222 | 156 | -29.65% | 3000 | 2110 |
| ARKG | 106 | 33 | -68.8% | 2000 | 624 |
| JMIA | 37 | 4 | -89.4% | 2000 | 213 |
| JD | 92 | 61 | -33.3% | 2000 | 1334 |
| TOTAL | – | – | -43.4% | $100,000 | $56,558 |
Hm, down 43% that looks pretty bad. Maybe everything was down let's compare.
| Portfolio | % change | Initial $ | Final $ |
|---|---|---|---|
| Reddit ETF | -43.4% | 100,000 | 56,558 |
| SPY | 5.0% | 100,000 | 105,007 |
| VTI | 0.9% | 100,000 | 100,903 |
I think these results speak for themselves. Good job lads, butt slaps all around. Oh also you owe the portfolio manager several hundred bucks.
Leave a Reply