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re: ZOM making a nice run
Posted on 2/9/21 at 4:23 pm to RedHawk
Posted on 2/9/21 at 4:23 pm to RedHawk
quote:
Not sure why they feel the need to protect anyone on this board. AT has made me a lot of money in the past month. I've sold for profits along the way and riding with house money. I could lose everything in my individual stock portfolio and I would still be thousands ahead because of AT.
^^^ this exactly ^^^
.... and besides, the last time I checked, slackster hasn't put any cheddar in my pocket .... zilch
This post was edited on 2/9/21 at 4:24 pm
0
Posted on 2/9/21 at 5:16 pm to slackster
quote:
It’s crazy to me that people would lose their mind if someone told them to put 25% of their money in one stock, but they’ll happily let a stock become 25% of their portfolio and never address it
If it's a sound company that you believe in and invested in for long term, there's no reason to sell shares out of fear only to pay on short term gains, then put what you have left into some other stocks. That's just how I feel, but only time tells who's right or wrong.
Posted on 2/9/21 at 5:46 pm to Buck_Rogers
quote:
If it's a sound company that you believe in and invested in for long term, there's no reason to sell shares out of fear only to pay on short term gains, then put what you have left into some other stocks. That's just how I feel, but only time tells who's right or wrong.
You should never sell out of fear period. Selling some of a position doesn’t mean it’s a bad stock. Like I said, think of your portfolio every day (not literally) as 100% in cash and start from scratch every day - what would you buy today with your nest egg? Tax considerations are real, obviously, but should be secondary to prudent portfolio management, IMO. It keeps you from FOMOing too much just as often as it keeps you from falling into the sunk cost fallacy.
Also, it’s not like selling means you have to bury it in the back yard. What you do with your profits can/should make money too.
Posted on 2/9/21 at 5:54 pm to slackster
I’m overweight in a few but like their dividends and they get reinvested. There’s no steadfast “rule” for everyone. Much depens on financial golas timeline risk tolerance and ability to make non-investment income. Not saying you are wrong just saying you may not be right for others. As far as selling out of fear using “never” kind of turns people off. If you’re scared it is based on something and once the fear tips the scale to sell then it gets sold. Investing is more of a tailor made suit than a one size fits all or common sizes off the shelf
This post was edited on 2/9/21 at 5:55 pm
Posted on 2/9/21 at 6:01 pm to slackster
quote:
You should never sell out of fear period. Selling some of a position doesn’t mean it’s a bad stock. Like I said, think of your portfolio every day (not literally) as 100% in cash and start from scratch every day - what would you buy today with your nest egg? Tax considerations are real, obviously, but should be secondary to prudent portfolio management, IMO. It keeps you from FOMOing too much just as often as it keeps you from falling into the sunk cost fallacy.
Not gonna lie, it’s good to see good advice from you
I considered selling today because I was scared but then i asked myself what I’d do if today happened if I had sold yesterday and the answer is I’d buy back in today on the dip
In the past I’ve only lost money “selling high and waiting on the dip” so I don’t think I’ll do that anymore
Still have a long way to fall before “losing money” although it’d hurt my feelings to lose the house money
Posted on 2/9/21 at 6:12 pm to nated14
quote:
There’s no steadfast “rule” for everyone.
Agreed.
quote:
As far as selling out of fear using “never” kind of turns people off. If you’re scared it is based on something and once the fear tips the scale to sell then it gets sold
Fear is an emotion and emotional investing is almost always a bad idea. Go back to the basics when you’re fearful.
quote:
Not saying you are wrong just saying you may not be right for others
I understand. You have to start somewhere.
Posted on 2/9/21 at 6:19 pm to slackster
quote:
highly, highly doubt that, simply because your human.
There is no denying that I would likely drink some carmel colored adult beverage, but given time I hope I'd realize the blessings in the bigger picture.
quote:
You chose to go into pennies with 5% of your nest egg. You now have over 25% of your nest egg in pennies. That’s your reality now. If your comfort with risk was 5% in pennies 3 months ago, you now have 25% in them. Would 3 month younger version of you think that was wise? Maybe, maybe not, that’s your call
There is some truth in this, but my mindset as I type this is to stay the course of my 1 year plan to roll with it and see where I end up.
Loosing a significant portion of this recent windfall would not change my life, or financial future.
Potential gains between now and December 2021 are nothing short of euphoric.... LFG!!!
side note, I have multiple exit strategies and kill switches for this account should major events go down and I've learned not to freak on 10-15% movements.
Posted on 2/9/21 at 6:57 pm to Dock Holiday
quote:
There is no denying that I would likely drink some carmel colored adult beverage, but given time I hope I'd realize the blessings in the bigger picture.
GL with your plan.
Posted on 2/9/21 at 7:20 pm to slackster
For those who buy VOO, Vanguard’s S&P 500 ETF, aren’t they putting ~7% of their money in AAPL?
I know many oil field baws Ive worked with that have over 90% of their 401K in the company they work for stock and that stock alone. Upper executives of most large companies fall into that category as well.
I know many oil field baws Ive worked with that have over 90% of their 401K in the company they work for stock and that stock alone. Upper executives of most large companies fall into that category as well.
This post was edited on 2/9/21 at 7:28 pm
Posted on 2/9/21 at 7:23 pm to Broken Ear Glen
quote:
I'm tied up in Robinhood and learned their policies this morning.
What policies are you referring to?
That their after hours is limited to 4-6 and 9-9:30. If you place a limit order outside of those times, it will be actualized upon regular market open.
Posted on 2/9/21 at 7:31 pm to lsutigermall
Their hours suck arse. Webull has full pre and post market but I’m opening Schwab for OTC specifically now. Seems like the best platform for that.
Posted on 2/9/21 at 7:55 pm to ShoeFLy44
Is he gone for good on both platforms?
Posted on 2/9/21 at 8:07 pm to Dock Holiday
quote:
I took about 5-6% of my nest egg out to play with in high risk, that amounted to around $50K dollars. Made the decision to ride that $50K for a year to see where it would go, that was the first week of December 2020.
That separate $50K account is now worth right at $365K
Great strategy. Put about 5% in high risk. The rest can be somewhat conservative or moderately risky.
I have missed all of ATs calls, but was able to get in on CRYBF at $0.50 I'll let this ride for 10 days, then see what happens. I'm up 6% today.
If it goes to 0, I don't lose much.
Posted on 2/9/21 at 8:09 pm to MrJimBeam
quote:
Their hours suck arse. Webull has full pre and post market but I’m opening Schwab for OTC specifically now. Seems like the best platform for that.
Sucked watching ZOM become so buyable and not being able to add more. Was clicking at $2 but had to wait and loaded up at $2.23.
Posted on 2/9/21 at 8:56 pm to good_2_geaux
quote:
For those who buy VOO, Vanguard’s S&P 500 ETF, aren’t they putting ~7% of their money in AAPL?
Yes. Hopefully you’re buying more than just VOO.
quote:
know many oil field baws Ive worked with that have over 90% of their 401K in the company they work for stock and that stock alone. Upper executives of most large companies fall into that category as well.
Asinine from a portfolio management standpoint. The risk/reward benefit of tying your 401k to the health of your employer is insane. Lots of oilfield baws, as you say, who thought it was smart as hell until it wasn’t.
Posted on 2/9/21 at 9:00 pm to slackster
You could buy nothing other than SP500 index until youre like 55 years old and be fine
This post was edited on 2/9/21 at 9:01 pm
Posted on 2/9/21 at 9:09 pm to good_2_geaux
quote:you can get lucky depending on what part of the oil cycle you worked in and cash big but overall that's a poor strategy. Your salary and bonus are already depending on your company so you already have a vested interest.
I know many oil field baws Ive worked with that have over 90% of their 401K in the company they work for stock and that stock alone. Upper executives of most large companies fall into that category as well.
The second my long term incentives vest, I sell that shite. Too many eggs in one basket. And if the company does well, that's fine too it means job security and bigger bonus. So you don't really regret selling.
Now if it's a company stock purchase program at a huge discount for employees, that's a different story and would depend on holding requirements because you get instant return on your money.
Posted on 2/9/21 at 9:10 pm to jimbeam
quote:
You could buy nothing other than SP500 index until youre like 55 years old and be fine
Skipping on emerging markets, small caps, mid caps, and international in general would be unwise, but yeah, you can do much worse than just lobbing money into VOO or an equivalent.
My point is not about whether an individual investment is good or bad, but thinking about how it fits in your portfolio. Do you want 6.7% of your portfolio in AAPL? If so, VOO is all you need. If not, you should probably reconsider 100% VOO.
Posted on 2/9/21 at 9:11 pm to slackster
I would highly encourage a MUCH bigger Postion in penny stocks
Posted on 2/9/21 at 9:14 pm to jimbeam
quote:
I would highly encourage a MUCH bigger Postion in penny stocks
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