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Originally Posted by LetterTwenty7
Impressive! The only stock I am holding is a stock photo I purchased for promo purposes.
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Quote:
Originally Posted by sonofsam
Get out of NKLA while you can. The company is a scam.
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Prior to purchase, I did a quick read what others published about them. Per the articles, they appeared to be untrustworthy and unstable. As the buy in was low, the brand name itself is strong, and there is this crazy influence playing out by retail hobby investors, I decided that it was worth the gamble.
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Originally Posted by grzepa
I hold Occidental, Marathon Oil, Boeing.
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I had my eye on Marathon, and Boeing. I look at Boeing as a stable company, and just wanted to see them come out of the weeds first with resolving the aircraft issues and see more pending orders coming in.
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Originally Posted by trustedrevenue
all in all not a bad portfolio. You might be a bit over diversified though
Good video of Warren Buffett on diversification :
https://youtu.be/-mTzlk9iDqk |
I agree with your comment and appreciate the link to the video. Will watch it tonight. Since most companies stock proces were effected by the COVID pandemic, and I had enough money I was prepared to lose, but was hoping to see it double within 18 months, I decided to spread the bet on most horses running down the track.
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Originally Posted by PornDiscounts-V
Some clarification on my FOMO comment.
Take plug for instance... 37...
This leads me to believe that you either bought it on the way up or you bought one of the dips after the surge in January for almost all meme stocks and alternate fuel stocks. So it seems that you were chasing a bit.
However.. look at the ticker for one year. Notice the slower trend line and if you drew it out you'd be around 32 right now if the surge never happened. Also realize that there was a smaller surge in December.. So it might take about 3 to 4 months to get back to 37. But if and when it does, this time it will be there because it's supposed to be there and not because of volatility or wall street bets.
You have a ton of stocks in this situation in your portfolio. To be honest, your portfolio reads more like my day trading menu than a long term hold portfolio.
You might pick 8 to 10 really solid stocks and sell, convert all others into them. You'll take a nice loss on many of them, but that will help to offset any gains tax wise.
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I agree with most of what you wrote. The wide spread, was due to the volatility, and my wanting to see the potential short term (3 to 6 months) crazy big gains.
That's why there was 60+ stocks (early weeks of March and April 2020), now 45+ ( November December 2020 January February 2021) and now I am looking to see what plays out in the upcoming few months, to close out another 15 or so stocks, and focus on 20-30 at the most.
Currently I keep a XLS, and maintain the published details (buy, sell, hold, Under, Fair, Overvalued, P/E, Highs and Lows for the previous 12 and 24 months, including the post 2008/2009 market crash highs and lows for 12 and 24 months). To spread out the risk, without doing a intense study on each company, I do my best to keep an equal amount of money invested in under value, fair and over valued companies.
Bought PLUG on the big dip.
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Originally Posted by MaDalton
Bought PLUG at $7.70 - did NOT sell at $70...
HODL!
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I bought 1 share of PLUG in March 2020 for around 6 or 7 USD to serve as a reminder to keep an eye on it for the future. Even with all the hype, I held off, figuring the volatility would show off how high it could go, which is in the 67-70 range. When that same volatility brought it to half the price, I felt better about the investment at 30 something for long term.