05-17-2024, 02:32 PM
(05-17-2024, 05:25 AM)rayray Wrote:(05-16-2024, 07:30 AM)ken-do-nim Wrote:(05-15-2024, 04:10 PM)rayray Wrote: once i get to 5k, then the goal is 15k but sometimes it takes me a while to get there or i think the stock might not do well for a while and i take my time or i'm not confident i'll hold the stock--like DIS or SBUX
say i have the position up to 15k and then it grows to 20 to 25k--theoretically the plan is to trim and invest that 5 to 10k into another stock or stocks and get that position back to 15k
Hmmm... the problem with this algorithm is that it requires you to continually seek out new positions to invest in, and eventually you may dilute the quality of your portfolio. I've always thought that as my portfolio grows, my "acceptable position size" would grow along with it so I could limit my holdings to ~ 30 or so.
It all depends what one chooses to do, to find "new" positions or to "add" to growing positions. I tend to add to growing positions, or to positions that I feel might eventually grow--the latter is a much harder investment strategy because it can cause years of pain, fatique and a sense of defeat.
There was one poster here several years ago--he was the original thread creator for "What I Am Buying Today" thread, I can't remember what his handle was?? He was a good poster and investor imho, he even had a blog with all his holdings listed with a 1000 dollar club, stocks that gave him at least 1000 dollars a year in dividends. For a fairly young guy he had a decent portfolio worth quite a bit of dollars--then one day out of the blue he posted about contemplating his strategy and said he couldn't beat the market and decided to sell out, he bought if I remember correctly 4 to 5 maybe 6 ETF's and called it a day, said he was going to (I think) retire and enjoy life.
That was it, he never posted again and his blog was erased--just like that.
He had a good blog, and was a good poster.
That wasn't Alex-Hendi was it?