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「Byte New Stock God」 Takes Over: US Stock Assets Surge 23x in 7 Years, Core Strategy of 「Early Buying and HODLing」
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BlockBeats News, September 1st. Dexter Yang, the protagonist of "ByteDance Stock Frenzy: Earned 23x," posted that since joining ByteDance on January 14, 2019, his ByteDance stock options have multiplied by a factor of 4.5 to 5 based on the repurchase price, yielding an annualized return of 22% to 24%. Based on market valuation ($600 billion to $1 trillion), the multiplication factor is 8 to 13, with an annualized return of 31% to 40%. His own U.S. stock assets have grown 23 times during this period, with an annualized return of 51%.

If one cannot achieve the above return rate, Yang believes that doing well at ByteDance, acquiring more stock options, and focusing on professional development are the best investments. He sees a parallel between career development and investment, emphasizing the need to take risks, enter early, stay committed, rely on personal growth and track accumulation for compounding to achieve exponential growth. In conclusion, it is all about "buy and hold."

Prior to this, Leto Bao, a former ByteDance employee known as the "ByteDance Stock Brother," captured significant gains in AI storage investment in the U.S. stock market, reportedly earning around 30 million RMB and resigning.

Source: BlockBeats

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