What Did You Buy Today?

[ken-do-nim]

(02-23-2021, 11:27 AM)fenders53 Wrote:

(02-23-2021, 11:02 AM)ken-do-nim Wrote:

(02-23-2021, 10:26 AM)fenders53 Wrote:

(02-23-2021, 10:02 AM)ken-do-nim Wrote:

(02-23-2021, 09:45 AM)kblake Wrote: And I'm taking a beating from tech. But its a good thing I only own 5-10 shares of the high flyers. So will wait to average down my cost basis

My (current) portfolio is live by tech, die by tech.  I'm bleeding out now ... but like Arnold said, "I'll be back."  It might as well stay down until my bonus arrives next month.

Hang in there.  Over the years there have been many times I was waiting for new funds to be available.  Sometimes it's for the better.  None of this high flying stuff is anything like dirt cheap and you'll find some deals when the time arrives.  Pencil out a couple paper trades this week and learn how easy it is to be WAY too early jumping into the dips.  Most of us have a PHD in that. 

Yeah I jumped into the dip too early yesterday.  In addition to my bonus, I am also in the process of refinancing my home and pulling equity out, so I should have lots of spending money come later March / early April.  I already have pretty much all the trades planned out.  Then I'll finally have a true DGI portion of my portfolio in addition to the bleeding tech.

I think you will be happier with that over the coming year.  All leveraged in on a couple sectors can be devastating. It's just excessive risk you don't need.  I own this T-shirt from my younger days and it was pretty damn expensive lol.  This market can pull back 10% any day, or MUCH worse over a month and you are not going to be happy.  This thread is mostly for our entertainment.  Not much fundamental analysis going on here lol.  It's about the fun part of our ports.  Swing trading and socializing a bit but to my knowledge we all have a substantial DGI portion in our overall portfolio.  If you chased dividends, that has flat underperformed QQQ and sometimes even SPY for a couple years now.  But once you are diversified you now have more options when it hits the fan.  I am buying fun stuff with more cap gain potential with income.  Let the market get hit for real and even more options.  I can dump some aristocrat that is down 15% and pick up a big cap growthy stock that is down 40%.  In my case it's my utilities.  Not afraid to dump a few shares for a small loss if there is an obvious better opportunity.  That happens pretty much every year.  It takes patience though.  Impulsiveness will get you killed.  Be picky and put all your DGI money in a few high quality DGI.      

Hope this is helpful and not too preachy.

Always helpful my friend.  And I will *try* to keep a cash position, so that every down day is a buying opportunity.  But that's hard to stay disciplined to do.