What I Am Buying Today.

[rayray]

(05-15-2024, 07:21 AM)ken-do-nim Wrote:

(05-15-2024, 05:43 AM)rayray Wrote:

(05-13-2024, 08:20 PM)ken-do-nim Wrote:

(05-13-2024, 07:20 PM)rayray Wrote: GOOGL & ZTS

Never heard of Zoetis before.  I take it you like their pipeline?

it was a spinoff from Pfizer, it's also the largest healthcare company for pets and livestock

It's a small position, but i plan on adding to it through time--what i like to do is have my holdings spread out between different accounts with a miniumum investment of 5k--so the goal would to have 5k dollars of ZTS in each main account: brokerage, rollover ira and roth (i actually have 2 brokerages, 1 rollover ira, 1 roth and kplan--the wife has 1 rollover and 1 403b plan) if i really like the stock i'll have it in all the accounts except for the company sponsored plans cause i can't lol

it makes it easier to monitor/manage the accounts plus i think 15k is a nice sum to see a reasonable gain but not to overreact or get too upset if it drops for some reason

sometimes i have to force myself to buy something other than tech

now if i really like a stock i like to have at minimum of 50k but i do add to my winners and let them run--my weakness is trimming, i do trim but not often--it's why i have several stocks over 100k--i shouldn't but do

but mostly the goal is to have holdings in the 15 to 20k dollar range and go from there

There's lots of topics here we haven't really covered in the forum.  

First, on how many people buy the same things in different accounts.  For a while, I was trying to buy different things for the ROTH vs the taxable, until I realized I didn't have that many winners :  I have 3 accounts outside the 401k: Taxable, ROTH, HSA.  The only equity I have in all 3 is Eli Lilly.  Despite it's sky high PE, I trust it the most to maintain its value.  I could be wrong on that point of course, as with anything.  But both my taxable and ROTH have the same core of NAIL, TECL, SOXL, NVDA, and LLY, just in different amounts.  For some reason, even though AVGO is my favorite stock, it has yet to appear in the ROTH. 

Another topic is how big do we let positions get?  Naturally, with a portfolio in the millions, you have to allow for larger positions sizes.  If I had a $3M portfolio, I'm pretty sure AVGO would be at least $250k of it.  If you have a rule like no positions over $100k, then you have to keep adding more & more positions as your portfolio grows.  I don't plan to do that.  Once my taxable portfolio is about $3 million, I will probably have $750k in OMF alone to generate nice qualified dividends to live off of.

Here's my current nomenclature for position sizes:

$1 - $500 watch position
$501 - $2,000 starter position
$2,001 - $5,000 small position
$5,001 - $8,000 normal position
$8,001 - $12,000 large position
$12,001 - $18,000 major position
$18,001+ principal position

According to what you wrote, $15k would either be a small or normal position in your holdings.  Hopefully I will get there some day

Right now, my principal positions are:

•  (company stock is currently only in options, not actual shares)
  
• NAIL
  
• TECL
  
• SOXL
  
• NVDA
  
• AVGO
  
• LLY
  

And Super Micro is close.

EDIT: And Super Micro just made the list

once i get to 5k, then the goal is 15k but sometimes it takes me a while to get there or i think the stock might not do well for a while and i take my time or i'm not confident i'll hold the stock--like DIS or SBUX

say i have the position up to 15k and then it grows to 20 to 25k--theoretically the plan is to trim and invest that 5 to 10k into another stock or stocks and get that position back to 15k