12-11-2021, 10:14 AM
(12-11-2021, 09:57 AM)cemanuel Wrote:Many, dare I say most, do consider hanging out on social media sites as research. I do get some of my initial ideas there for sure. I know who Rosenow is and enjoy her posts. I'll dig a little deeper and check out her investment account info shares. If it was easy professional portfolio managers would do it with their staffs. I don't have a staff unfortunately. At the end of the day I don't have 100 great investing ideas. 25 is hard enough.(12-11-2021, 09:45 AM)fenders53 Wrote:(12-11-2021, 09:26 AM)cemanuel Wrote:She either puts the extreme time in or she is lucky. Anything can happen in the short-term. I am close to beating the SPY this year. My portfolio is quite conservative. I own a lot of UTEs, solar and some oil. UTEs and solar have been mostly flat but some buy the dip and and trim the rips and look, I'm an expert this year. I am certain my mileage will vary going forward as I am risk averse.(12-11-2021, 05:08 AM)fenders53 Wrote: Considerable (but respectful) differences of opinion on this forum. We have a lot of members that own 50 or more stocks. I have tried both methods and gravitated towards a smaller number of high quality holdings. Unfortunately I started doing this in earnest only a year ago and quality is expensive. The market long ago taught me that paying just any price is a huge mistake. Time will provide opportunities.
The problem with owning 50-100 stocks is you don't really know what you own if you have a day job. It's nearly impossible. If you are fortunate you will accidentally achieve mediocrity.
There's a poster on SA, Roseknows, who has a portfolio of close to 100 and does very well with it. I'm sure not going to criticize her for that. I just don't know how she does it. And I've been doing well enough that I'm not going to work to figure it out.
There are people who make that work. I maxed out at, I think, 34 myself and have trimmed that back to 30 as I approach retirement.
Lots of ways to make money in the market. More important to be good at what you decide to do than to try emulating someone else if things don't fit.
My hero Peter Lynch beat the SPY for a decade owning over 100 stocks when he ran Magellan. He also had a team of researchers keeping an eye on the fundamentals. His record has not been matched often. Maybe never.
She's been doing it since I've been on SA, over 4 years. Beats the market and maintains from a 4.5% to a 4.7% overall yield. Very open about her moves. There's another author, Investment Pancake, who keeps about a hundred companies. But Rose provides more details in her articles.
Once you get what you want "built" maintenance takes much less time, if you pick the right company and don't want to be a frequent trader. My first year or so I suspect I averaged 20 hours/week. At least 1-2 hours per day on workdays and a minimum of a half day on weekends, often more. Now it's closer to a couple of hours except when I do a screen or dig into buying a new company. Most of that is looking over the week's ERs of companies I own and reading call transcripts. I don't count what I call social investing on discussion boards such as this part of that time though. Some may. Same for my writing a blog post on SA.