(02-15-2020, 12:46 PM)stockguru Wrote:(02-15-2020, 12:19 PM)ChadR Wrote: Well since this is over the past year, 2 of my bigger mistakes missed the cut. Selling covered calls on WM and BRK.B when I thought they were overvalued weren't smart moves. Like your AAPL, I missed out on some big gains.
1. Following XOM down. And I'm thinking of adding a few more shares since that yield is so high.
2. investing my daughter's small 529 account with an Edward Jones rep. Since he refers me clients, I felt that I had to invest something with him. This account is around $2k since the rest is a prepaid tuition account. Their fees are high and the mutual funds aren't that great. The things you do for client referrals. At least I don't have to invest my main accounts with him.
3. SKT. Yeah, I'm down over 13% on this one. Still think it's a good long term investment and will probably treat it like XOM and buy some more.
Never invest with a broker like Edward Jones. They are ripoffs. You can do it yourself and could have easily opened up an Etrade for your daughter or another online brokerage account. With the no fees now it makes sense.
As far as bad investments.. Only 2 come to mind
WBA Got in higher but have been averaging down. I think its very undervalued here and at some point will move to the upside.
Selling HD at $200 seems to have been a mistake lol. But at the time they has missed earnings and thought it would sell to buy back cheaper. Well that didn't work out to well. Lesson learned lol
Oil I'm only 2 names. And thats all I will ever hold. CVX and BP. At least I'm not down on those names due to the dividends.
IMO WBA will figure it out. Will it take too long? Yeah probably. This isn't like KHC. I'm stuck here just hoping.
HD was and still is overvalued. High debt and the 5% same store growth thesis is in trouble. I'll share a little more on my HD thread soon. You know I am full of opinions but they are based on 35 years of victories and defeats. If you are going to move in or out of quality stocks based mostly on current valuation, you do it very gradually, whether you are entering or exiting. It lessens the emotions of the day, and gives you a chance to react when the stock goes higher or lower than you ever dreamed. When I don't follow this "rule" it almost always cost me money. If I had to put a number on it, 75% of the time. Successful fund managers do the same. Due to size they are forced to move slow, and it benefits them as far as I can tell.
Oil sucks, but if I had to put all my oil money into two majors CVX and BP are contenders. RDS would be the other.
A friend of mine is an Edward Jones REP. Most of us on this forum have forgotten more about investing than he may ever know. His pay is all about commissions. He's a salesman, not a qualified financial adviser. He won't get you killed, but his advice is less than amazing.