[quote pid='28184' dateline='1629494034']
Feedback appreciated.
I do actually intend to get back into Amazon and Taiwan Semiconductor at some point, I just am willing to risk that they aren't going anywhere any time soon and had other priorities. Good point though about confusing company growth and ticker symbol growth.
Crossing my fingers I didn't make another Moderna mistake with LLY, but I'm planning to hold it for sure.
[/quote]
I'm not too convinced you comprehend the feedback I or anyone else offers here. Going forward maybe just buy ETFs for awhile. Over time you will figure out that dumping your recently purchased individual stocks at the first sign of a minor pullback is going to greatly effect your returns. It's harder to find a reason to dump an ETF.
It would also allow time for you to focus your energy on a shorter list of individual stocks. It may not work for you, but the more I understand my holdings, the less inclined I am to allow a short-term dip or single piece of bad news shake my conviction. Conviction is what you are lacking right now IMO.
Not too many months ago you said the purpose of your individual DGI port was to take some of the volatility out of your overall port due to the large concentration of 3X leveraged funds. Now you seem to be buying stocks that have had a VERY strong run in share price. They will crash as hard as a leveraged ETF. What is the actual plan now?
I am sure some here think I am too bossy for an internet forum but I do mean to help. I am humble enough to understand there is a lot of talent in this small group. I make more money since I joined this forum because I recognize the skillsets here. I don't rely on whatever Yahoo article I run across to make a random buy or sell of the week.
I think you can succeed at this but it is going to require a plan, a set of investing rules you will actually follow, and getting a grip on your emotional decisions. If you can't, then individual stocks are a guaranteed fail and it won't be pretty when the bull goes away for a few years. Discipline trumps intelligence in the end. It's not even close over time in my experience.
Feedback appreciated.
I do actually intend to get back into Amazon and Taiwan Semiconductor at some point, I just am willing to risk that they aren't going anywhere any time soon and had other priorities. Good point though about confusing company growth and ticker symbol growth.
Crossing my fingers I didn't make another Moderna mistake with LLY, but I'm planning to hold it for sure.
[/quote]
I'm not too convinced you comprehend the feedback I or anyone else offers here. Going forward maybe just buy ETFs for awhile. Over time you will figure out that dumping your recently purchased individual stocks at the first sign of a minor pullback is going to greatly effect your returns. It's harder to find a reason to dump an ETF.
It would also allow time for you to focus your energy on a shorter list of individual stocks. It may not work for you, but the more I understand my holdings, the less inclined I am to allow a short-term dip or single piece of bad news shake my conviction. Conviction is what you are lacking right now IMO.
Not too many months ago you said the purpose of your individual DGI port was to take some of the volatility out of your overall port due to the large concentration of 3X leveraged funds. Now you seem to be buying stocks that have had a VERY strong run in share price. They will crash as hard as a leveraged ETF. What is the actual plan now?
I am sure some here think I am too bossy for an internet forum but I do mean to help. I am humble enough to understand there is a lot of talent in this small group. I make more money since I joined this forum because I recognize the skillsets here. I don't rely on whatever Yahoo article I run across to make a random buy or sell of the week.
I think you can succeed at this but it is going to require a plan, a set of investing rules you will actually follow, and getting a grip on your emotional decisions. If you can't, then individual stocks are a guaranteed fail and it won't be pretty when the bull goes away for a few years. Discipline trumps intelligence in the end. It's not even close over time in my experience.