Stay Humble After a Large Investment Win: Scrub A Toilet The Fundrise venture capital product, VCX, listed on the NYSE on March 19, 2026, and achieved a significant surge in value. Its net asset value (NAV) was approximately $19 per share, but the stock opened at $42, briefly reached $125, and closed at $76. This marked a roughly 300% premium to NAV, far exceeding the author’s initial expectations. On the second day of trading, shares continued to rise, further highlighting the unexpected performance. The author had previously estimated a 30% chance that the stock would trade at a 50%+ premium to NAV, a 50% chance of trading within a 10% discount to 10% premium range, and a 20% chance of a 20% discount. However, the actual outcome defied these projections. The author noted that external factors, such as the war in Iran, rising oil prices, a declining S&P 500, and the poor performance of the Robinhood Venture Fund I (RVI) during its first week of listing, had tempered expectations. Despite these challenges, VCX’s performance surprised both the author and likely many investors. The author emphasized the importance of humility following such a windfall. A six-month lockup period on restricted shares means most investors cannot sell their holdings until mid-September. The author warned against celebrating prematurely or making impulsive spending decisions before liquidity is available. For example, the author considered replacing their nearly 11-year-old car but ultimately decided against it after recalling recent expenses for repairs and tires. The author advised that only profits from unrestricted shares sold immediately before the listing should be considered for spending.#s_p_500 #nyse #fundrise #financial_samurai #robinhood_venture_fund_i
