10-29-2014, 09:29 AM
I was a broke college student learning wonderful and useful stuff like Beta, CAPM, ETF portfolio management, etc. Anyway, just a couple of years earlier, I read The Intelligent Investor so I was a value investor at heart.As part of the curriculum, we ran a virtual portfolio in which we talked about our strategy, holdings, and performance at the end of the semester.
I remember I decided to go with a concentrated portfolio of 5 stocks. If I remember correctly, it was WFC, USB, eBay, and two others. These purchases were made almost at the absolute bottom of the crash. Because my portfolio had 2 financials, my results were mixed but anyway, I remember getting dinged for not diversifying and having too much beta when other students over diversified and/or day traded.
Boy would I love to see my portfolio performance now. I mean, WFC was in the low 20's, and eBay around $10.
I remember I decided to go with a concentrated portfolio of 5 stocks. If I remember correctly, it was WFC, USB, eBay, and two others. These purchases were made almost at the absolute bottom of the crash. Because my portfolio had 2 financials, my results were mixed but anyway, I remember getting dinged for not diversifying and having too much beta when other students over diversified and/or day traded.
Boy would I love to see my portfolio performance now. I mean, WFC was in the low 20's, and eBay around $10.