I'm a fund/etf guy. All of our investments, except my crypto fun account, are funds. I have GBTC, ETHE, and 3 individual crypto-based stocks. I may add a stock or two in the future (even non-crypto), but no stocks in our retirement investments. Don't have the time to research and that's not my expertise.
I didn’t make the statement to brag, especially when going back 10-15 years ago my performance was lackluster and there were down years. I learned some valuable lessons chasing the next hot stock. And, I’m not including my 401K or Roth IRA which are invested in a mix of funds and more conservative plays. But, in the past 5 years, I went heavy on Big Tech like Google, FB, Amazon, plus IAC, Match, and a few other companies that were acquired, not to mention some biotechs, all in my individual account and simply stayed the course. Trust me - I’m not saying I’m an investment genius because the stocks in my account are well known (other than smaller biotechs).
Ya, Gold has been a significant underperformer. I was in it twice, waiting for the inflation based move, but got out twice because the move never happened.
I’ll also add the rules that guide my philosophy (none of which are novel or new and can be found in the bookstore): (1) you don’t need to swing at every pitch, (2) there’s always another train coming, (3) hate losing money more than I like making money, (4) do the research, (5) invest don’t trade, (6) buy low sell high - and buy a lot when you see a big sale, (7) take profits before you have to, and (8) take emotion out of the equation.
Are we saying 35% total return over 5 years? I'm seeing that fund around $45 in 2014. Currently at $86.
Not at all. I’m long every position unless I lose confidence or need to raise cash. So, I’m an investor not a trader. I do almost all of my buying on down days and get really aggressive during times of chaos. I was buying like crazy when COVID pummeled the market. Wish I bought more but the market snapped back way quicker than I expected. I also don’t hesitate to take profits if I’m satisfied with the return. For instance, I recently trimmed Pinterest (which I held since the IPO) because I was up big and wanted to raise cash for the correction I think is coming (no clue when). But, I still think it’s a winner so I didn’t sell all of it. I did the same with Chewy. I also sold my entire UnderArmor position because after god knows how long finally got into the green after making a dumb moves years ago. Next, I’ll look to build a position in PLTR if the price is right and also have a biotech play lined up.
PRNHX is one of my main funds, have been for almost 15 years! My first big job after business school offered a T Rowe Price 401k.
I know it's semantics, and there are gray area's, but when I hear trimming in preperation for a correction, I consider that more along the lines of trading.
Same fund. Remember, absolute prices can be misleading - splits, dividends, etc. As per MS, the fund is up 286% in 5 years (i.e., you put in $10,000 you now have $38,603).
I think it’s prudent to trim some long positions from time to time especially when my gut tells me there will be better long term investments up for grabs in the next correction. Holding the same stocks (especially tech) forever without any profit taking is a dangerous strategy. Utilities or telecom may be a diff story if it’s part of a DRIP.
You see that big price drop in mid Dec 2020. That's an article drop due to a large dividend payout. MS accounts for events like this.
I better understood your graph based on the 10K invested explanation.
Can't help you on that.
+1
Definitely have a good amount of J&J via my pharma/biotech funds. Great company, but likely not a massive growth candidate.
