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Dividends from 2020
#11
(02-06-2021, 07:59 AM)ken-do-nim Wrote:
(02-06-2021, 06:31 AM)fenders53 Wrote: My port is about half buy and hold.  Conservative use of options is just another tool.  A diverse set of skills is good.  Once your portfolio is over halfway to goal, it's not all that much fun to watch it do nothing for 5-10 years.  There is really no extended historical period when you wouldn't deal with that.  A quality DGI port will lessen the pain.  Market doesn't care about Divs lately but we got it right for the longterm.

I see your point; I'll probably dive into learning options some day.

I have to admit, about 6-7 years ago I had a portfolio built with the trendy stocks of the day - Tesla, Amazon, Netflix, eBay, etc. and at the time; this was before they took off like rockets, they weren't doing much, so I got bored and sold them all.  Ugh, I know.  Had I just stayed the course...
It takes considerable capital to do what I do in a meaningful way.  It requires $5K to even learn how to do it.  This is a DGI forum and that should be significant part of your plan if you converse here often.  I know the busy thread sounds like Vegas more other than it doesn't.  Almost everyone here has a DGI port as well.  I know all the option traders do.  I am guessing "Option Trader" sounds kinda risky to you doesn't it?  That's probably because 80% of option traders mostly use it for gambling purposes.  I prefer to be the house.  I will never get rich quick with options because I understand the game well enough.  The gamblers bets have already financed my first few years of retirement cash needs and it didn't take too long.  They are funding a new truck now by financing my growthy port.  I'll need that to pull the future boat that is already secured through buy and hold (for 20 years!).  I can be patient too.  Back to the point, I diversify in every way I can.  Sectors of course and a few different investing styles I am comfortable enough through experience.  I never stop learning, but becoming more diverse is making this easier every year.  I get the impression a lot of folks think they have this thing figured out but their sample size is mostly the longest bull market in history.  It gives a false sense of security.
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#12
(02-06-2021, 11:11 AM)fenders53 Wrote:
(02-06-2021, 07:59 AM)ken-do-nim Wrote:
(02-06-2021, 06:31 AM)fenders53 Wrote: My port is about half buy and hold.  Conservative use of options is just another tool.  A diverse set of skills is good.  Once your portfolio is over halfway to goal, it's not all that much fun to watch it do nothing for 5-10 years.  There is really no extended historical period when you wouldn't deal with that.  A quality DGI port will lessen the pain.  Market doesn't care about Divs lately but we got it right for the longterm.

I see your point; I'll probably dive into learning options some day.

I have to admit, about 6-7 years ago I had a portfolio built with the trendy stocks of the day - Tesla, Amazon, Netflix, eBay, etc. and at the time; this was before they took off like rockets, they weren't doing much, so I got bored and sold them all.  Ugh, I know.  Had I just stayed the course...
It takes considerable capital to do what I do in a meaningful way.  It requires $5K to even learn how to do it.  This is a DGI forum and that should be significant part of your plan if you converse here often.  I know the busy thread sounds like Vegas more other than it doesn't.  Almost everyone here has a DGI port as well.  I know all the option traders do.  I am guessing "Option Trader" sounds kinda risky to you doesn't it?  That's probably because 80% of option traders mostly use it for gambling purposes.  I prefer to be the house.  I will never get rich quick with options because I understand the game well enough.  The gamblers bets have already financed my first few years of retirement cash needs and it didn't take too long.  They are funding a new truck now by financing my growthy port.  I'll need that to pull the future boat that is already secured through buy and hold (for 20 years!).  I can be patient too.  Back to the point, I diversify in every way I can.  Sectors of course and a few different investing styles I am comfortable enough through experience.  I never stop learning, but becoming more diverse is making this easier every year.  I get the impression a lot of folks think they have this thing figured out but their sample size is mostly the longest bull market in history.  It gives a false sense of security.

Good point on never stop learning, and I love learning about financial stuff anyway, so at some point I'll tackle the options/puts of the world, at least academically.

I have a theory as to why we are in the longest bull run in history, and I think a part of it has to do with free commission trading.  The rise of Robin Hood and other ways to invest small amounts of money has lots of people pouring money into the market, all the time, which I believe raises prices.  The bigger reason of course is that technology is revolutionizing our way of life, and I don't see that slowing down.

But you are right, I've been looking at my current investment lineup from a bull run point of view.  It obviously can't continue at the speed it's going otherwise we'll all be billionaires in 30 years Smile
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#13
It's hard to imagine the market isn't primed to continue higher for another year or more. More significant volatility is my assumption for now, and buy and hold works in that environment.
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