02-15-2020, 09:50 PM
Well, some of these are a bit older than a year but anyway.
1. WBA. Thought it was valued OK at $70 but they really can't get ANYTHING done right. They may very well recover, but it'll take years and several bad earnings reports before they do it. Luckily I managed to stay away from selling anywhere near the bottom and managed to ride it up quite nicely before selling everything. Still a substantial loss.
2. Not having more faith in AMAT. I love the company but it's volatile as hell. And luckily I am still long. I sold a pretty decent chunk (to lower risk) during the downturn in the fall of 2018 at around $40. Bought some of it back from the bottom around $32. Now that would be all nice and good but I bought back only less than half of the shares that I sold earlier. The de-risking plan worked but I would have been significantly better off just holding onto all of my shares. Now they are doing great and I'd love to have some more but the price is pretty steep at almost $67.
3. I can't really think of a 3rd horrible choice that I have made recently, so lets go with something that I didn't do.
AAPL, end of 2018/beginning of 2019.
Here are some facts: I hate Apple. I don't like the majority of their products, I think the intentional compatibility issues with anything non-apple is disgusting, I certainly don't like the fact that every single thing they sell is ridiculously overpriced. On top of this apple dislike, I really tend to stay away from big tech companies, I've seen way too many of the ridiculously big ones fail completely.
But we all knew it was ridiculously undervalued at that time. Should have bought some.
1. WBA. Thought it was valued OK at $70 but they really can't get ANYTHING done right. They may very well recover, but it'll take years and several bad earnings reports before they do it. Luckily I managed to stay away from selling anywhere near the bottom and managed to ride it up quite nicely before selling everything. Still a substantial loss.
2. Not having more faith in AMAT. I love the company but it's volatile as hell. And luckily I am still long. I sold a pretty decent chunk (to lower risk) during the downturn in the fall of 2018 at around $40. Bought some of it back from the bottom around $32. Now that would be all nice and good but I bought back only less than half of the shares that I sold earlier. The de-risking plan worked but I would have been significantly better off just holding onto all of my shares. Now they are doing great and I'd love to have some more but the price is pretty steep at almost $67.
3. I can't really think of a 3rd horrible choice that I have made recently, so lets go with something that I didn't do.
AAPL, end of 2018/beginning of 2019.
Here are some facts: I hate Apple. I don't like the majority of their products, I think the intentional compatibility issues with anything non-apple is disgusting, I certainly don't like the fact that every single thing they sell is ridiculously overpriced. On top of this apple dislike, I really tend to stay away from big tech companies, I've seen way too many of the ridiculously big ones fail completely.
But we all knew it was ridiculously undervalued at that time. Should have bought some.