My
while i do believe it's going to be choppy, imho, it's going to be bouncing at or near the bottom for a while
20% more downside? idk, maybe maybe not--i don't think so but what do i know
what i do believe in more now then ever is tech because tech has finally got to a point that it can be utilized now that was only imagined--and it's only going to get better or worse depending how one looks at it
i'm still in the accumulation phase and have been positioning the investments with companies that help shape the future
mo and pm are companies i struggle with, some financial, some personal (my mother died at 67 from emphysema and now my step father is on oxygen) i was hoping that the 'weed' market would change these two companies to some growth but imho, if it happens it will take a while hence the sells--i see better growth opportunities elsewhere
i like dividends, a lot, but i like growth a lot more
i understand the concept of receiving a dividend but i also understand when a portfolio grows one can 'just' make their own dividend by selling shares of a growing company--warren buffett has been saying this for years--i didn't fully get it until my kplan switched from mutual funds that pay out dividends, short and long term capital gains to ETF's that do not pay anything out--well--what i do is once a year i take out my own capital gain--and what i found is that the investments are still intact because they're growing
now what i do in that kplan--is make my 'own' let's say dividend then buy back in market downturns
Edit: I do like MGA, they’re a transitioning company but I have been building up certain positions and smaller ones sometimes get sold in the process
When I started this investing, it was small with each mutual fund/etf to individual equities
500 then 1500 then 5000 then 10000 then 15 to 20000
Then the pandemic happened and I repositioned and this latest downturn that we’re currently in the middle of, maybe the end? Idk
But right now certain funds are 100k plus certain holdings in individual equities are 100k plus this all happened because of these “bad” times
What history has taught us is in times of turmoil this is when real money is made
Dotcom bust taught me don’t sell when already down
Great Recession taught me don’t sell but buy in these times
Pandemic taught me stay the course and buy, but it’s okay to adjust portfolio from eh investments to higher quality investments
Time in the market has taught me that there are companies that produce essential products we use every day, but to grow a portfolio they might not be the best investments
The above companies maybe the dividend grew, but what about the capital gain? Am I in this to grow my dividend or am I in this to grow portfolio size?
Do I want a 1 million dollar portfolio that gives me 18 to 40k in dividends or do I want a 3 to 5 million dollar portfolio that throws off 50k dividends plus capital gains on my time frame?
I’ll take the 3 to 5 million portfolio every day of the week
I’m not going to get there with investment like mo/pm/jnj/pg
It’s not going to happen unless I’m a high salary income earner which I’m not
I’m a blue collar worker with dyslexia
(06-01-2022, 07:56 PM)MrFortune Wrote:(06-01-2022, 05:31 PM)rayray Wrote: sold
PG--100%
JNJ--100%
MO--40%
PM--100%
MGA--100%
added
googl/goog
amzn
aapl
msft
tsla
lrcx
amat
mu
nvda
saia
odfl
arcb
nke
amd
tsm
pypl
sq
dis
Bold moves there. I will take the ones you sold over the next 6-12 months.
Group B still have a 20% more downside
while i do believe it's going to be choppy, imho, it's going to be bouncing at or near the bottom for a while
20% more downside? idk, maybe maybe not--i don't think so but what do i know
what i do believe in more now then ever is tech because tech has finally got to a point that it can be utilized now that was only imagined--and it's only going to get better or worse depending how one looks at it
i'm still in the accumulation phase and have been positioning the investments with companies that help shape the future
mo and pm are companies i struggle with, some financial, some personal (my mother died at 67 from emphysema and now my step father is on oxygen) i was hoping that the 'weed' market would change these two companies to some growth but imho, if it happens it will take a while hence the sells--i see better growth opportunities elsewhere
i like dividends, a lot, but i like growth a lot more
i understand the concept of receiving a dividend but i also understand when a portfolio grows one can 'just' make their own dividend by selling shares of a growing company--warren buffett has been saying this for years--i didn't fully get it until my kplan switched from mutual funds that pay out dividends, short and long term capital gains to ETF's that do not pay anything out--well--what i do is once a year i take out my own capital gain--and what i found is that the investments are still intact because they're growing
now what i do in that kplan--is make my 'own' let's say dividend then buy back in market downturns
Edit: I do like MGA, they’re a transitioning company but I have been building up certain positions and smaller ones sometimes get sold in the process
When I started this investing, it was small with each mutual fund/etf to individual equities
500 then 1500 then 5000 then 10000 then 15 to 20000
Then the pandemic happened and I repositioned and this latest downturn that we’re currently in the middle of, maybe the end? Idk
But right now certain funds are 100k plus certain holdings in individual equities are 100k plus this all happened because of these “bad” times
What history has taught us is in times of turmoil this is when real money is made
Dotcom bust taught me don’t sell when already down
Great Recession taught me don’t sell but buy in these times
Pandemic taught me stay the course and buy, but it’s okay to adjust portfolio from eh investments to higher quality investments
Time in the market has taught me that there are companies that produce essential products we use every day, but to grow a portfolio they might not be the best investments
The above companies maybe the dividend grew, but what about the capital gain? Am I in this to grow my dividend or am I in this to grow portfolio size?
Do I want a 1 million dollar portfolio that gives me 18 to 40k in dividends or do I want a 3 to 5 million dollar portfolio that throws off 50k dividends plus capital gains on my time frame?
I’ll take the 3 to 5 million portfolio every day of the week
I’m not going to get there with investment like mo/pm/jnj/pg
It’s not going to happen unless I’m a high salary income earner which I’m not
I’m a blue collar worker with dyslexia