02-15-2020, 11:40 AM
Humility is good, and learning from our mistakes makes us better investors long-term. So what were your three biggest bonehead moves the past year or so? I'll start of course. As active as I am, there are surely more than three.
1. My infatuation with KHC has not been profitable. Any fool can see it's a yield trap. I took a beating on a couple hundred shares a year ago and finally bailed out. Here I am am year later and own a couple hundred again. Got assigned selling puts today, and I am down almost 10% before I even get started. Not sure what to do but if I bail again this will be it for KHC. Can I block their SP quotes of the internet lol?
2. Sold covered calls on AAPL early 2019. I left with a profit, but the lost opportunity was huge. Would have been my best stock of 2019, or at least real close. Not the only stock I hurt myself selling calls, but AAPL was the worst move by a wide margin.
3. Oil, pretty much anything I touched in oil was a real bad idea. I constantly railed against the sector here and still got sucked into the dip more than a month too early. I'm underweight, but it's still hurting my overall performance. Dividends are not going to justify my decisions. If it get's any worse the future dividends look shaky. Even for the majors which I didn't think possible until recently.
1. My infatuation with KHC has not been profitable. Any fool can see it's a yield trap. I took a beating on a couple hundred shares a year ago and finally bailed out. Here I am am year later and own a couple hundred again. Got assigned selling puts today, and I am down almost 10% before I even get started. Not sure what to do but if I bail again this will be it for KHC. Can I block their SP quotes of the internet lol?
2. Sold covered calls on AAPL early 2019. I left with a profit, but the lost opportunity was huge. Would have been my best stock of 2019, or at least real close. Not the only stock I hurt myself selling calls, but AAPL was the worst move by a wide margin.
3. Oil, pretty much anything I touched in oil was a real bad idea. I constantly railed against the sector here and still got sucked into the dip more than a month too early. I'm underweight, but it's still hurting my overall performance. Dividends are not going to justify my decisions. If it get's any worse the future dividends look shaky. Even for the majors which I didn't think possible until recently.