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What are your winners & losers today?
(06-07-2022, 06:15 PM)fenders53 Wrote:
(06-07-2022, 05:01 PM)ken-do-nim Wrote: Yeah I'm just looking to add quality names this year.  And next, too.  I don't think the good times flow again until 2024 at the earliest.

I think when my port is in a better place, the top 10 individual stocks will be:
1. AVGO
2. HPQ
3. BX
4. MSFT
5. AAPL
6. STX
7. F
8. ABBV
9. LLY
10. HD

It's not that I don't love Google, Nvidia, Intuitive Surgical and Adobe, but since they offer little to no dividend I doubt I will be as excited to buy them in as large quantities as the above.  Apple is probably the lowest dividend payer that, after I buy a share, I still recheck to see my new annual dividend total.  Also, I had been really excited about Oracle, but my enthusiasm is somewhat diminished.  Not selling, but not adding much either at this time.  ABBV will climb higher if they successfully navigate losing the Humira patent.
I usually avoid market predictions but it does seem certain we are not going to fly high this year.  Nine down market weeks out of 10 is rare.  I am shocked the SPY is only down about 10%. The huge disparity between small caps and blue chips is probably historical.  I'm not even sure how a market capitulation even looks.  Decent small cap stocks can't really go much lower.  They needed to correct of course. but this is just a strange correction so far.  My only tech stock at the moment is GOOGL.  I had a LOT of index ETFs but I bailed on them when indexes were clearly a bad place to be.  Now to time my re-entry.  I am waiting for a good summer dip and I suppose I should start nibbling.  I can always trim and add if the volatility continues.  If I'm too lethargic they will run off and leave me.  You know how th market is. When it decides to it will rip 10% and I will be caught sucking my thumb.


in times like these i believe it's important to own quality, it's a reminder to shoot for quality as an investment. my portfolio has seen some transformations as i develop as an investor as i sold some companies to acquire more shares in others, leaning towards companies that make money with low(er) debt. i sold some good investments to accumulate more shares of other companies, i personally wanted less individual equities, i went from 88 to 47? its' 47 to 50 in that ballpark--it might be 50. it's a much easier portfolio to keep track of and manage. equities that become 10% plus of the total portfolio will be trimmed back to that 7 to 8% mark.

i've also got more comfortable owning larger amounts in a strong company--over the years i got accustomed to stocks going up and stocks going down--it happens every day. 

i like tech a lot, big tech, big money with low debt--some of these companies we use on a daily basis and don't even realize it--i don't see this changing anytime soon. we're at a point in the world that tech is going to be making big changes in our lives, it's going to be more noticeable IMHO.

i like watching apple as a company, and how it's always evolving
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Yeah, I don't think I'll ever go over 50 equities again. Right now I'm at 39. I'm considering bringing back Starbucks, Moderna, Texas Instruments, Google, and LyondellBasell. I'm excited for September when I get to do my geeky "buy 1 share of every equity in the port" project. I added up all the share prices and it comes out almost exactly to one paycheck. Obviously this means ticker symbols like Ford get very little additional investment whereas one share of BroadCom is a bigger advance, but I like the idea that every symbol gets at least 1 purchase a year.
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I kept my word and continue to own 15 or less stocks with any position size. The exception would be I always have puts sold against potential new additions. I have to continue as this provides 100% of my monthly income for at least 5 more months. And the port is at ATH now so the strategy is working in less than optimal times. Five years of serious practice paid off. I re-invest my dividends for now. I like some of the mega-techs but don't have a need for large exposure.
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And just like that, from ATH to oh damn. Smile Worst week since pandemic crash.
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Back to port ATH. Three days in row now. Longest streak this year by about 2 1/2 days. I am only up a little over 1% but that feels like a win this year.
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(08-13-2022, 09:59 AM)fenders53 Wrote: Back to port ATH.  Three days in row now.  Longest streak this year by about 2 1/2 days.  I am only up a little over 1% but that feels like a win this year.


i'm still in the "red" for the year

41 individual holdings--i feel much better with a smaller higher quality portfolio even though some holdings are larger then i've ever held in the past

plus 

5 mutual fund/ETF--i'm actually thinking of dumping the foreign MF--not sure if it's actually needed since a lot of U.S. based companies have a global reach--plus the foreign fund just doesn't perform as well as the others--i've been in this fund for 25 years and it lags a bit--i don't see that changing in the next 10 to 12 years (what's left of my working career)

of course the day i dump it is the day it outperforms lol
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(08-13-2022, 12:09 PM)rayray Wrote:
(08-13-2022, 09:59 AM)fenders53 Wrote: Back to port ATH.  Three days in row now.  Longest streak this year by about 2 1/2 days.  I am only up a little over 1% but that feels like a win this year.


i'm still in the "red" for the year

41 individual holdings--i feel much better with a smaller higher quality portfolio even though some holdings are larger then i've ever held in the past

plus 

5 mutual fund/ETF--i'm actually thinking of dumping the foreign MF--not sure if it's actually needed since a lot of U.S. based companies have a global reach--plus the foreign fund just doesn't perform as well as the others--i've been in this fund for 25 years and it lags a bit--i don't see that changing in the next 10 to 12 years (what's left of my working career)

of course the day i dump it is the day it outperforms lol
I used to own a diversified foreign ETF in the 1990s.  That was back when they occasionally outperformed.  I am sure we could pick a country and win some years but that I don't think either of us are really looking for more research projects.  

I definitely feel better with less holdings of higher quality.  I did OK this year, but oil is some of why I am actually green both YTD and ATH with no new money added.  I still sell options of curse and being hedged with covered calls has worked very well some months.  Not July lol.  Nothing works always.  The one advantage to what I do is I am not down significantly at any point this year.  Nothing like the indexes.  It's easier to ride the dips now that I am retired. I am just not excited about being down 20%+ if I can greatly lessen the chance of that. If it means I never see an up 25% year again, I think I can live with that.  I'll have to be lol.
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(08-13-2022, 01:54 PM)fenders53 Wrote:
(08-13-2022, 12:09 PM)rayray Wrote:
(08-13-2022, 09:59 AM)fenders53 Wrote: Back to port ATH.  Three days in row now.  Longest streak this year by about 2 1/2 days.  I am only up a little over 1% but that feels like a win this year.


i'm still in the "red" for the year

41 individual holdings--i feel much better with a smaller higher quality portfolio even though some holdings are larger then i've ever held in the past

plus 

5 mutual fund/ETF--i'm actually thinking of dumping the foreign MF--not sure if it's actually needed since a lot of U.S. based companies have a global reach--plus the foreign fund just doesn't perform as well as the others--i've been in this fund for 25 years and it lags a bit--i don't see that changing in the next 10 to 12 years (what's left of my working career)

of course the day i dump it is the day it outperforms lol
I used to own a diversified foreign ETF in the 1990s.  That was back when they occasionally outperformed.  I am sure we could pick a country and win some years but that I don't think either of us are really looking for more research projects.  

I definitely feel better with less holdings of higher quality.  I did OK this year, but oil is some of why I am actually green both YTD and ATH with no new money added.  I still sell options of curse and being hedged with covered calls has worked very well some months.  Not July lol.  Nothing works always.  The one advantage to what I do is I am not down significantly at any point this year.  Nothing like the indexes.  It's easier to ride the dips now that I am retired. I am just not excited about being down 20%+ if I can greatly lessen the chance of that. If it means I never see an up 25% year again, I think I can live with that.  I'll have to be lol.


i know i asked you before but have you dabbled in preferreds? i have two retired friends that have invested in the preferred market successfully--one since 2005--he has it down to a science--he buys into them when they are below their buyout price of 25--and sells when they get carried away in price--he's had some get into the 35 to 40 dollar range when the buyout is well 25--takes the money and runs--he's picked up some nice preferreds in the 10 to 12 dollar range in this latest market downturn

edit: he's never had a preferred go to term--all his preferreds end up getting bought out--and he's been doing it since 2005--manages his own accounts since his last FA let a 30K investment go down to a few hundred bucks--when he noticed and called the FA basically said it happens--well--my buddy fired him on the spot and said--well--it happens

the kicker is he can't even write the loss off because it was in a retirement account--i remember he also told the FA you must be some kind of special asshole
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called--not bought out--preferreds get called
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I have a preferred ETF. That has worked out well.unfortanately I have to check NAV if it runs up too fast.i end up trimming when it gets out of hand and adding when the market gets too rattled. It's outperformed quite a few of my stocks to be honest.
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