Speculation

[fredr142]

Does anyone hold a small percentage of their profiles in speculative stocks? I've contemplated, and have done, but may give it up.

K

[Roadmap2Retire]

(09-08-2014, 05:23 PM)fredr142 Wrote: Does anyone hold a small percentage of their profiles in speculative stocks? I've contemplated, and have done, but may give it up.

K

Done it in the past and lost badly. Now, stay away from it like the plague.

[EricL]

I have a small percentage in speculative/high growth.

NXPI, GILD, PEIX, GTAT and QCOR/MNK for example.

[ChadR]

Done it in the past like Roadmap. The extra work required tracking them wasn't worth it. My portfolio is designed to let me sleep at night. Having the speculative stocks kept me awake.

[Kerim]

I allocate a small portion of my "real" portfolio -- about 10 percent -- to more risky, higher-yielding names like NLY, FTR, and ARCP. Some call those gambling. I think of them as calculated risk that give my dividend stream a nice boost.

Then I also take a tiny amount of play money -- just a few hundred dollars at a time -- and play with options. That scratches my gambling itch and gives me something to "do" while watching the paint dry on my real portfolio.

[Robandcindy2]

I allocate 5% to "growth Stocks" mostly in funds (due to limited choices in my 401K) which I have morphed into "low yield". But the only true "spec" is GILD.

A little spice is nice.

Set some goals:

20% gain - Sell

Double - Sell half and use the houses money to let it ride

A young Apple, Google, etc.... Maybe just hold forever or until you retire

As a DGI, the best part about Specs is when one presents itself you can grab it guilt free and enjoy the rewards.

Hunting for them is waaaay harder than what we do here.

Cheers!