What I Am Buying Today.

[ken-do-nim]

(05-17-2024, 05:25 AM)rayray Wrote: It all depends what one chooses to do, to find "new" positions or to "add" to growing positions. I tend to add to growing positions, or to positions that I feel might eventually grow--the latter is a much harder investment strategy because it can cause years of pain, fatique and a sense of defeat.

I currently have 42 positions with about 3 to 5 that I would have no issue selling out of but don't for various reasons. If the portfolio grows I'd have no issue having about 100 positions, with todays info and technology available to individual investors I don't think 100 individual equities would be that much of a bear to handle. I know people who have hundreds of individual equities (200-300) but their portfolios are well over 3 million dollars and they use CFP's. I do have one friend worth about 2 mil with over 300 positions, which I think is ridiculous, it's too much work imho--he does manage his own portfolio.

I also like having at minimum of 15k invested in any one equity, anything less doesn't move the needle imho unless it skyrockets for some reason.

It's hard to say what I'll do in the future, sometimes I feel like I'll just move towards ETF's and call it a day and sometimes I think I might get a CFP or just keep doing what I'm doing--it's all up in the air.

If I looked at my performance and lagged the market, I'd wrap it up and accept that I'm not doing myself or loved ones any favors and go in another direction. I'd probably lean towards a series of ETF's, maybe some MF's.

I've already mostly gone the ETF direction.  In my taxable account, individual stocks are only 14% of the overall portfolio.  I'm hoping to bring that to 50/50 in a few years though.  I will probably never go over 40 positions.  But yeah, ETFs like SMH, USD, XLK, and XHB are very solid.