02-15-2020, 12:46 PM
(02-15-2020, 12:19 PM)ChadR Wrote: Well since this is over the past year, 2 of my bigger mistakes missed the cut. Selling covered calls on WM and BRK.B when I thought they were overvalued weren't smart moves. Like your AAPL, I missed out on some big gains.
1. Following XOM down. And I'm thinking of adding a few more shares since that yield is so high.
2. investing my daughter's small 529 account with an Edward Jones rep. Since he refers me clients, I felt that I had to invest something with him. This account is around $2k since the rest is a prepaid tuition account. Their fees are high and the mutual funds aren't that great. The things you do for client referrals. At least I don't have to invest my main accounts with him.
3. SKT. Yeah, I'm down over 13% on this one. Still think it's a good long term investment and will probably treat it like XOM and buy some more.
Never invest with a broker like Edward Jones. They are ripoffs. You can do it yourself and could have easily opened up an Etrade for your daughter or another online brokerage account. With the no fees now it makes sense.
As far as bad investments.. Only 2 come to mind
WBA Got in higher but have been averaging down. I think its very undervalued here and at some point will move to the upside.
Selling HD at $200 seems to have been a mistake lol. But at the time they has missed earnings and thought it would sell to buy back cheaper. Well that didn't work out to well. Lesson learned lol
Oil I'm only 2 names. And thats all I will ever hold. CVX and BP. At least I'm not down on those names due to the dividends.