03-01-2021, 12:07 PM
(03-01-2021, 11:41 AM)fenders53 Wrote: Always a good read. It will be more fun with DRP shut off. I would even be on board with your no trim policy if it was done with some upper limit of sanity. You use Fast Graphs and know what that means. If you have forgotten the market will remind you eventually.
I'll do my best to keep sanity in check, but I've learned over the last fifteen years that I've made many more mistakes selling good companies than buying them.
It's one thing to have a giant nest egg you need to protect at retirement, but in accumulation stage like me, I'm learning that cutting winners back isn't the best way to maximize returns.
You only need to find a couple MNST, NFLX, AAPL, CMG, AMZN, etc. over the years to do well. But constantly trimming them off is counterproductive.
I've trimmed what's turned out be 36 shares of AAPL and nearly half my MSFT position over the last several years in this portfolio A few replacements have fared okay, but not nearly as well as those two. I think this new approach will help keep me from making that mistake again, while still allowing me to scratch the itch to tinker with my quarterly purchases.