05-27-2022, 12:33 PM
(05-27-2022, 03:49 AM)Kerim Wrote: Just put in an order for some GOOG at the open. If tech does swoon further, I'll average down, but I'm not gonna completely miss this opportunity to add at least a few more shares of this great company at a fair price, to paraphrase the Man. I got my existing small position (5 shares) back in late 2018 for under $1000 each, but I've always wanted more. So I'm going to grab a few today, and stay ready should even better opportunities arise in the near future. (FWIW, Tim McAleenan's recent writings on GOOG gave me an extra push on this.)
Heh, "small" is all relative. I decided to come up with "official" terminology for my position sizes a while back:
$1 - $500 watch position
$501 - $1000 starter position
$1001 - $2499 junior position
$2500 - $4999 moderate position
$5000 - $7499 full position
$7500 - $9999 large position
$10000 - $19999 major position
$20000+ principal position
5 shares of Google in my portfolio would be a Major Position, and probably my largest non-ETF one too.
***
Dare to dream? If Tuesday doesn't erase the gains, May will be my first up month of the year.