This is kind of where I'm at. I typically like a more diversified approach ( 20-30 stocks ) and I have no qualms anout selling out of something if it drops a lot or has a hard spike up, because I'm flipping cheap, bad businesses and you gotta take the profits when they're there BUT this year I got to like 50 stocks and hyper trades and it didn't hurt me or anything, because of risk management, but all the activity got old. I realized it was adding nothing so I'm trying to go on a portfolio fast rn and just let it do its thing.
Interesting strategy. Im curious what you consider bad businesses. My "full" portfolio is based on companies that I think are "forever" stocks so I am always interested in learning about strategies that are different than mine. Thanks for the comment!
Money losing, dilutes shareholders, shady management etc.
I am very much the opposite of the "forever wonderful business holder" lol I know some people that don't ad it works for them, but never clicked with me
100% I reccomend people try out a bunch of different styles and see what the results are like first hand. Different people are suited for different things! :)
That makes sense. For me SOFI is an outlier and not aligned as well with my other dividend growth type companies but I have such a low cost basis I can’t let it go! Sometimes you gotta break the rules right?
I like this approach a lot. I tend to be the same way, always looking for something else that maybe can just improve my portfolio a little bit. Never stopped to think if what I had was enough. I certainly live the rest of my life with the approach of I have enough, why not there also?
Exactly and thanks for sharing! This is something I struggle with and wanted a way to set some boundaries for myself. Enough is such a powerful word to live by. I used to think it was “lazy” but the older I get, I see there’s a lot of wisdom and benefits packed into it!
This is kind of where I'm at. I typically like a more diversified approach ( 20-30 stocks ) and I have no qualms anout selling out of something if it drops a lot or has a hard spike up, because I'm flipping cheap, bad businesses and you gotta take the profits when they're there BUT this year I got to like 50 stocks and hyper trades and it didn't hurt me or anything, because of risk management, but all the activity got old. I realized it was adding nothing so I'm trying to go on a portfolio fast rn and just let it do its thing.
Interesting strategy. Im curious what you consider bad businesses. My "full" portfolio is based on companies that I think are "forever" stocks so I am always interested in learning about strategies that are different than mine. Thanks for the comment!
Money losing, dilutes shareholders, shady management etc.
I am very much the opposite of the "forever wonderful business holder" lol I know some people that don't ad it works for them, but never clicked with me
Everyone has to find what works for them!
100% I reccomend people try out a bunch of different styles and see what the results are like first hand. Different people are suited for different things! :)
Totally agree, I want to have 10 positions or fewer, but it is difficult to remove some of them if you think they still have potential.
That makes sense. For me SOFI is an outlier and not aligned as well with my other dividend growth type companies but I have such a low cost basis I can’t let it go! Sometimes you gotta break the rules right?
Great write up!
Thanks for stopping by and reading!
I like this approach a lot. I tend to be the same way, always looking for something else that maybe can just improve my portfolio a little bit. Never stopped to think if what I had was enough. I certainly live the rest of my life with the approach of I have enough, why not there also?
Exactly and thanks for sharing! This is something I struggle with and wanted a way to set some boundaries for myself. Enough is such a powerful word to live by. I used to think it was “lazy” but the older I get, I see there’s a lot of wisdom and benefits packed into it!