The only downside is that buy and hold is not a great strategy for stocks that go down every year, and I haven't figured out how to identify the risers and fallers ahead of time. [Reply]
Originally Posted by ChiliConCarnage:
Yeah, it's amazing. No one had the first half of this year being great.
This is expected to be the 3rd consecutive qtr of S&P earnings recession too. It's mostly energy dragging down what'd be a flat quarter otherwise.
Consumer discretionary is expected to be the best quarter at +27% yoy growth. If you take out just Amazon, it goes down to 6% for the whole rest of the group. The size of those big companies has become unreal. The NASDAQ 100 is supposed to rebalance today to lower the big tech companies weightings.
Yeah QQQ was down like a motherfucker but it’s led the way up. [Reply]
Originally Posted by lewdog:
Totaled my return of all my investment accounts from the December 2022 bottom.
Up 27% since then and highest my portfolio has every been.
Let’s go!!!!
So have you reentered the market on some of your accounts that you were holding off on the past year or two?
Sold off a few stocks in the past week that I will be looking to reinvest. RCEL, WEAV, & ARAY have been on my watchlist, but struggling to pull the trigger on anything right now. [Reply]
Originally Posted by myselff77:
So have you reentered the market on some of your accounts that you were holding off on the past year or two?
Sold off a few stocks in the past week that I will be looking to reinvest. RCEL, WEAV, & ARAY have been on my watchlist, but struggling to pull the trigger on anything right now.
The only account I hold off on during down markets is my trading account, where I won't trade for months at a time. My trading account is only 10% of my total portfolio, though. The rest is dollar cost averaged into mostly ETFs and index funds between a 401k and ROTH IRA. [Reply]
Originally Posted by myselff77:
Sold off a few stocks in the past week that I will be looking to reinvest. RCEL, WEAV, & ARAY have been on my watchlist, but struggling to pull the trigger on anything right now.
Went with WEAV and sold off half the position today.
ACHR is the other one I've been watching the past two weeks, but hesitant to pull the trigger on. Waited too long on that. Maybe I'll go in on a pullback.
Anything interesting on anyone's watch list? [Reply]
I'm laddering shorter term CDs. I had 2 mature recently. I thought rates might drop for longer term CDs, but they keep going up. The sweet spot is 1-year at 5.4%, but shorter and longer terms aren't much different.
Originally Posted by lewdog:
Everyone post what stock is your biggest individual holding.
I’ll go first.
PYPL as a long term position started over the past year for me.
I know banks, as a banking regulator for a state agency - obviously I am prohibited from owning banks regulated by my state - but that didn't mean I couldn't profit tidily and confidently by making a swing trade in PACW and also buying and holding USB forever at 26.?? a share.
I thought about Paypal, but ultimately decided the lack of moat and numerous alternative payment platforms - and perhaps more specifically, Apple pay and bank-related products such as Zelle which are infinitely more convenient in my view. I do think it will be fine now that it is far more appropriately priced than it was historically. A fairly tame gamble, if you will. [Reply]
Originally Posted by lewdog:
Everyone post what stock is your biggest individual holding.
I’ll go first.
PYPL as a long term position started over the past year for me.
Oh but my biggest holding is actually a tiny little canadian company that manufactures aerospace parts. I am counting on a significant bounceback in cash flows following the roller coaster ride in airplane manufacturing rates. Also the company will never trade for what its worth, so literally just a cash flow drip forever type investment. I think they had EBITDA of 250MM canadian with pre-covid but their market cap has ranged around 300MM to 450MM post-covid. Precious little debt, tangible book well above their market cap, and while they don't possess a strong moat since they do fairly commoditized manufacturing, it kinda seemed like a long-term no brainer even if the cash flow has taken forever to bounce back. [Reply]
My biggest is probably still Google, but Nvidia is really close. Or maybe even the top now.
As a buy and hold guy in general, it's probably no surprise that my biggest holdings are Google, Nvidia, Microsoft, and Amazon. Right now, I've got as much in CDs as those four stocks combined, though. [Reply]