Veteran venture investor Chris Sacca has a word of warning for beginner investors who made off like a bandit this year: It’s not you.
In a tweet Wednesday, Sacca dropped this “hard truth” on newbie investors: “You’re not actually that good at it. You just caught a wild bull market,” and advised them it’s time to take some profits.
The decade-long bull market has defied all odds and continued to surge this year, despite the economic havoc wrought by the coronavirus pandemic, leading to easy money for some investors, especially in tech, where IPOs boomed and valuations skyrocketed, leading to worries of another bubble. The tech-heavy…