WoV stock portfolio
Quote: billryan
In most years, about half of managed funds beat the S&P,
that's just plain wrong
now you're putting out blatantly wrong info
nobody runs the S&P 500 - it's just a basket of individual stocks - nobody controls it
quote - article - December 2022 - New York Times
"over a full 20 year period ending last December, fewer than 10% of active U.S. stock funds managed to beat their benchmarks." (the S&P 500 index)
https://www.nytimes.com/2022/12/02/business/stock-market-index-funds.html
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Your statement about what might occur over a ten-year period does not disprove my statement. It has nothing to do with it.
I think you choose wisely, letting someone else control your money. As you agree, lets let this die in agreement.
Quote: billryanMutual funds are so 20th Century. I guess it is good as many investors still seem stuck in it.
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I was at the financial planner with my mother he was trying to explain the tax problems with them. I tried to help but no dice, thought she trusts us to do what is right. But so many people are stuck in the old way.
If we were rational and taxed cap gains at 0% it would not be such a problem and the economy would do better.
Quote: SOOPOOQuote: lilredroosterQuote: billryanMutual funds are so 20th Century.
to me, that is not an issue - I don't care if I seem behind the times
what I care about is being as effective and efficient as possible
I don't believe that I could have even come close to the r.o.i. I have realized by trading stocks or bonds
or that I could now
if you can - great - more power to you - but I doubt there are many who can - if you can then I believe that you are exceptional
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Decades ago I started putting money in Mutual Funds. But one year they broke even or so butttttt…. they paid out dividends and capital gains…. So even though the entire value of my holdings did NOT increase, I had a tax liability. If you buy ETFs instead YOU determine if and when you will pay capital gains taxes. ETFs tend to have lower internal (hidden, essentially) fees than MF’s as well.
I still have 1 Mutual Fund, American Century Ultra, which before the pandemic was amongst my best investing decisions. It’s doing well this year…. Up 32% YTD.
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You people will never learn. If you use my strategy of only picking stocks that go down there is never a tax liability.
Quote: DRichQuote: SOOPOOQuote: lilredroosterQuote: billryanMutual funds are so 20th Century.
"You people will never learn. If you use my strategy of only picking stocks that go down there is never a tax liability.
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Even tor short sales???
since 1999, not including this year, the Dow has gone up in 17 years and down in 6 years
this strong upward historical movement is also reflected in the S&P 500
that's a very strong indication of the strength of the market as a whole
this very interesting link tracks investor sentiment towards the future
according to it:
51.4% are now bullish - 27.1% are neutral - and 21.5% are bearish
of course, the bulls could be wrong - but I don't believe this is meaningless - it has some value imo
https://www.aaii.com/sentimentsurvey
there is a great book by James Surowiecki called "The Wisdom of the Crowds"
in the book he shows in various ways that the opinions of the masses very often turn out to be correct - often more correct than the opinions of so called experts
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Berkshire Hathaway - ticker symbol BRK.A is still going strong
it's still run by Warren Buffett - he will turn 93 at the end of August
he's the world's 6th richest man - his net worth is about $ 117 billion
what an amazing guy he is
https://seekingalpha.com/news/3997948-berkshire-hathaway-q2-operating-earnings-drive-up-on-strong-insurance-results
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Quote: lilredrooster
but I believe most can't and many are fooling themselves - if they carefully and honestly compared their long term returns to that of the S&P 500 index - and consider their tax obligations - the vast majority will see that they have underperformed - and many have underperformed by a lot -
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It is not easy to calculate real, risk adjusted returns. It is very easy for someone to see they are up 15% and Dow is up 10% and not realizing that risk adjusted, they severely underperformed.
Wall Street "analysts" I personally know fly around the world to evaluate company operations and pay for all sorts of supplemental data services to help them make decisions. They have access to things like satellite photo updates to get a better/faster estimates on outputs/inventories. I just love the idea of some random dude reading Bloomberg articles written by 20 year old new grads thinking they can out analyze the pros and beat the market. The real irony is that even the Wall Street pros have a bad record and can not beat the index long term. This is a fact. Somehow, people can't understand the idea that if a million monkeys throw darts at a dartboard, one of them will keep hitting bullseye "consistently".
If you want to make money, go to where you have an edge and where you are not competing with the world.
US STEEL IS IN PLAY!
This is an amazing thing. For those too young to remember the 80s, "in play" meant the company had one or more suitors and would soon cease to be a public and independent company. Rarely was it the largest companies, usually more middle sized ones.
That US Steel could be a target is a sign of how times have changed.
They were the first billion dollar company. Without them it is plausible that we would not have won WWII. Their headquarters, the US Steel Building was locally called "the steel building" the "US" was redundant. When built it was the tallest building outside NYC and Chicago. Still tallest between them.
Now it is in play.
Quote: AZDuffmanThis does not quite deserve a thread. But speaking of stocks....
US STEEL IS IN PLAY!
This is an amazing thing. For those too young to remember the 80s, "in play" meant the company had one or more suitors and would soon cease to be a public and independent company. Rarely was it the largest companies, usually more middle sized ones.
That US Steel could be a target is a sign of how times have changed.
They were the first billion dollar company. Without them it is plausible that we would not have won WWII. Their headquarters, the US Steel Building was locally called "the steel building" the "US" was redundant. When built it was the tallest building outside NYC and Chicago. Still tallest between them.
Now it is in play.
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I see some value in USX because of the state of China. China's major demise will be upon us in a few years and we will require more domestic steel.
Quote: DRichQuote: AZDuffmanThis does not quite deserve a thread. But speaking of stocks....
US STEEL IS IN PLAY!
This is an amazing thing. For those too young to remember the 80s, "in play" meant the company had one or more suitors and would soon cease to be a public and independent company. Rarely was it the largest companies, usually more middle sized ones.
That US Steel could be a target is a sign of how times have changed.
They were the first billion dollar company. Without them it is plausible that we would not have won WWII. Their headquarters, the US Steel Building was locally called "the steel building" the "US" was redundant. When built it was the tallest building outside NYC and Chicago. Still tallest between them.
Now it is in play.
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I see some value in USX because of the state of China. China's major demise will be upon us in a few years and we will require more domestic steel.
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The mills might be worth something. I have never heard one good thing said about working there. Ever
Quote: AZDuffman
The mills might be worth something. I have never heard one good thing said about working there. Ever
The one in Ohio where I grew up paid a good union wage. Shovelling the furnaces was a hot nasty job.
Quote: DRichQuote: AZDuffman
The mills might be worth something. I have never heard one good thing said about working there. Ever
The one in Ohio where I grew up paid a good union wage. Shovelling the furnaces was a hot nasty job.
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But nasty jobs can be managed well or not. Here is an example. US Steel had a big safety program. Thousands of violations found and corrected. But.......
First, do you want to work at a plant with thousands of violations? Second, they measured the productivity of the violations a little like the "productivity" of government is measured, by raw paper. Those of you who have seen it will see what I am pointing out here.
Management was given a quota of violations to write. Then the had to keep beating it. It got to the point that guys came in on their days off to just write violations. Said violations got petty. One example I read was a guy takes off his safety helmet for a second to wipe off sweat. BOOM--violation. Foreman writes it. Foreman looks good to superintendent. Super looks good to plant manager, who looks good to executive management.
Anything get safer though?
Quote: AZDuffmanQuote: DRichQuote: AZDuffman
The mills might be worth something. I have never heard one good thing said about working there. Ever
The one in Ohio where I grew up paid a good union wage. Shovelling the furnaces was a hot nasty job.
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But nasty jobs can be managed well or not. Here is an example. US Steel had a big safety program. Thousands of violations found and corrected. But.......
First, do you want to work at a plant with thousands of violations? Second, they measured the productivity of the violations a little like the "productivity" of government is measured, by raw paper. Those of you who have seen it will see what I am pointing out here.
Management was given a quota of violations to write. Then the had to keep beating it. It got to the point that guys came in on their days off to just write violations. Said violations got petty. One example I read was a guy takes off his safety helmet for a second to wipe off sweat. BOOM--violation. Foreman writes it. Foreman looks good to superintendent. Super looks good to plant manager, who looks good to executive management.
Anything get safer though?
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I don't disagree with you. You said that you had never heard a good word said about them and I said they paid a good union wage. That's all. I haven't been back to that city where I grew up in almost 40 years.
Quote: DRichQuote: AZDuffmanQuote: DRichQuote: AZDuffman
The mills might be worth something. I have never heard one good thing said about working there. Ever
The one in Ohio where I grew up paid a good union wage. Shovelling the furnaces was a hot nasty job.
link to original post
But nasty jobs can be managed well or not. Here is an example. US Steel had a big safety program. Thousands of violations found and corrected. But.......
First, do you want to work at a plant with thousands of violations? Second, they measured the productivity of the violations a little like the "productivity" of government is measured, by raw paper. Those of you who have seen it will see what I am pointing out here.
Management was given a quota of violations to write. Then the had to keep beating it. It got to the point that guys came in on their days off to just write violations. Said violations got petty. One example I read was a guy takes off his safety helmet for a second to wipe off sweat. BOOM--violation. Foreman writes it. Foreman looks good to superintendent. Super looks good to plant manager, who looks good to executive management.
Anything get safer though?
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I don't disagree with you. You said that you had never heard a good word said about them and I said they paid a good union wage. That's all. I haven't been back to that city where I grew up in almost 40 years.
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Lots of places pay a good wage. Steel used to pay identical across all companies, one master contract, until the early 80s. As I got older I learned how the unions planted the seed for the collapse of steel in 1959. It would take 25 years for the collapse to complete, but it started in 1959.
The market is up today. So this portfolio is up more than 100x my sports betting average daily take. But I will be watching the big Getafe soccer game more than the market!
Quote: SOOPOOHoly shit. This portfolio will be having its 10 YEAR birthday in two months. Just checked. Up 130% from inception. I don’t have to start taking withdrawals for another 8 years.
The market is up today. So this portfolio is up more than 100x my sports betting average daily take. But I will be watching the big Getafe soccer game more than the market!
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3 weeks later now up 137%. Who knows why?!?
I looked back at this thread due to the chatter about how to value a company in another thread. This is the portfolio with TSLA.
Quote: SOOPOOHoly shit. This portfolio will be having its 10 YEAR birthday in two months. Just checked. Up 130% from inception.
Holy ****
the S&P 500 was up 152.9% at its 10 year anniversary in November
anybody who wanted to could have bought the index fund at Vanguard, went to sleep, never trade, and pay either zero or minimal capital gains taxes until they liquidated for other reasons (personal) -
https://ycharts.com/indicators/sp_500_10_year_return
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Quote: lilredroosterQuote: SOOPOOHoly shit. This portfolio will be having its 10 YEAR birthday in two months. Just checked. Up 130% from inception.
Holy ****
the S&P 500 was up 152.9% at its 10 year anniversary in November
anybody who wanted to could have bought the index fund at Vanguard, went to sleep, never trade, and pay either zero or minimal capital gains taxes until they liquidated for other reasons (personal) -
https://ycharts.com/indicators/sp_500_10_year_return
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Thanks! I guess I’ve underperformed…. but not surprising. I have some (very little) cash, some bonds, and probably some bad stocks.
Quote: SOOPOOQuote: lilredroosterQuote: SOOPOOHoly shit. This portfolio will be having its 10 YEAR birthday in two months. Just checked. Up 130% from inception.
Holy ****
the S&P 500 was up 152.9% at its 10 year anniversary in November
anybody who wanted to could have bought the index fund at Vanguard, went to sleep, never trade, and pay either zero or minimal capital gains taxes until they liquidated for other reasons (personal) -
https://ycharts.com/indicators/sp_500_10_year_return
.
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Thanks! I guess I’ve underperformed…. but not surprising. I have some (very little) cash, some bonds, and probably some bad stocks.
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no sweat
you and prolly about 99% of others who imagined they could beat the market
but maybe you and them had fun trying - so it was worth it
you did very well - not trying to say you didn't
your performance in trading stocks is impressive
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Quote: lilredroosterQuote: SOOPOOQuote: lilredroosterQuote: SOOPOOHoly shit. This portfolio will be having its 10 YEAR birthday in two months. Just checked. Up 130% from inception.
Holy ****
the S&P 500 was up 152.9% at its 10 year anniversary in November
anybody who wanted to could have bought the index fund at Vanguard, went to sleep, never trade, and pay either zero or minimal capital gains taxes until they liquidated for other reasons (personal) -
https://ycharts.com/indicators/sp_500_10_year_return
.
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Thanks! I guess I’ve underperformed…. but not surprising. I have some (very little) cash, some bonds, and probably some bad stocks.
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no sweat
you and prolly about 99% of others who imagined they could beat the market
but maybe you and them had fun trying - so it was worth it
you did very well - not trying to say you didn't
your performance in trading stocks is impressive
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Actually I would have expected my portfolio to underperform a benchmark like the S and P 500. Having any cash is a negative. Having any bonds is a negative. They decrease variance but in an up market of 10 years an all stock portfolio would almost always outperform my hodgepodge.
I also don’t particularly think I’m good at picking stocks. I probably talk about the winners more than the losers. The performance of the portfolio probably has me at an ‘average’ stock picker.
Quote: SOOPOO
I also don’t particularly think I’m good at picking stocks. The performance of the portfolio probably has me at an ‘average’ stock picker.
I would disagree
considering that you owned cash and bonds and that there is still another 2 months to go; you basically about matched the S&P
I would surmise that the vast majority of those who actively trade stocks do much worse than that over a 10 year period
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Quote: lilredroosterQuote: SOOPOO
I also don’t particularly think I’m good at picking stocks. The performance of the portfolio probably has me at an ‘average’ stock picker.
I would disagree
considering that you owned cash and bonds and that there is still another 2 months to go; you basically about matched the S&P
I would surmise that the vast majority of those who actively trade stocks do much worse than that over a 10 year period
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What do you base that on? Information provided by companies who want your business? I just don't get why you think beating the S&P is either hard or important.
you don't want to be 100% in stocks ... this is something all financial gurus agree on. I recently posted that I wished I was 100% in stocks when I first started investing, but I didn't mean no cash at all, I meant no bonds at all. You need to be able to have periods when you don't need to cash out stocks, and when you have bonds you need to have periods when you don't have to cash those out either. The only replacement for cash on hand is lots and lots of infallible income.Quote: lilredroosterQuote: SOOPOO
I also don’t particularly think I’m good at picking stocks. The performance of the portfolio probably has me at an ‘average’ stock picker.
I would disagree
considering that you owned cash and bonds and that there is still another 2 months to go; you basically about matched the S&P
I would surmise that the vast majority of those who actively trade stocks do much worse than that over a 10 year period
.
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Quote: odiousgambityou don't want to be 100% in stocks ... this is something all financial gurus agree on. I recently posted that I wished I was 100% in stocks when I first started investing, but I didn't mean no cash at all, I meant no bonds at all. You need to be able to have periods when you don't need to cash out stocks, and when you have bonds you need to have periods when you don't have to cash those out either. The only replacement for cash on hand is lots and lots of infallible income.Quote: lilredroosterQuote: SOOPOO
I also don’t particularly think I’m good at picking stocks. The performance of the portfolio probably has me at an ‘average’ stock picker.
I would disagree
considering that you owned cash and bonds and that there is still another 2 months to go; you basically about matched the S&P
I would surmise that the vast majority of those who actively trade stocks do much worse than that over a 10 year period
.
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In my younger days my income far exceeded my needs. I bought stocks so that I’d have $$ available now when I have little ‘income’ (small pension). So for years was essentially entirely in stocks. I certainly outperformed my colleagues who paid a money manager 1/2 - 1% to be in some cash and some bonds!
Now if I need cash it is easy to sell some stock and move the money to my checking account. I consider my non retirement portfolio essentially ‘cash on hand’.
Maybe I was lucky to ignore the ‘gurus’.
yeah, man, ain't it the truth!Quote: SOOPOOQuote: odiousgambityou don't want to be 100% in stocks ... this is something all financial gurus agree on. I recently posted that I wished I was 100% in stocks when I first started investing, but I didn't mean no cash at all, I meant no bonds at all. You need to be able to have periods when you don't need to cash out stocks, and when you have bonds you need to have periods when you don't have to cash those out either. The only replacement for cash on hand is lots and lots of infallible income.
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In my younger days my income far exceeded my needs. I bought stocks so that I’d have $$ available now when I have little ‘income’ (small pension). So for years was essentially entirely in stocks. I certainly outperformed my colleagues who paid a money manager 1/2 - 1% to be in some cash and some bonds!
I assume you go to the latter and don't sell stocks when there is a big swoon in the marketQuote:Now if I need cash it is easy to sell some stock and move the money to my checking account. I consider my non retirement portfolio essentially ‘cash on hand’.
I think the gurus, the better ones, would be OK with how you did it, as your income when you were 100% stocks was more reliable than most [it is possible to get fired as a doctor, and denied a license too. Infallible income is not a real thing, at least you can construct a scenario where anything you dream up can go away, like Communists taking over or whatever] and you said it was income beyond your immediate needs.Quote:Maybe I was lucky to ignore the ‘gurus’.
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I never had that kind of assurance about income which had me going into 'balanced' funds and that sort of thing [an amount in bonds in other words] and I do think now I should have had more faith in being able to find work.
Quote: NYCAP
Wall Street "analysts" I personally know fly around the world to evaluate company operations and pay for all sorts of supplemental data services to help them make decisions. They have access to things like satellite photo updates to get a better/faster estimates on outputs/inventories. I just love the idea of some random dude reading Bloomberg articles written by 20 year old new grads thinking they can out analyze the pros and beat the market. The 𝙧𝙚𝙖𝙡 𝙞𝙧𝙤𝙣𝙮 is that even the Wall Street pros have a bad record and can not beat the index long term. This is a fact. Somehow, people can't understand the idea that if a million monkeys throw darts at a dartboard, one of them will keep hitting bullseye "consistently".
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I somehow missed this great, great post (imho) when it was current from this guy who doesn't post much
so I decided to point it out now
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Fact is, I have a large chunk of funds invested in various things.
The thing is, it is ALL under professional management: I let the experts make the call as to buy and sell.
I used my brains to EARN the money I invested over the years, so now I can kick back while they use their brains to make my wealth grow.
Quote: MrVI rarely look at this or any thread discussing stocks, bonds, ETF's etc.: not because I don't care.
Fact is, I have a large chunk of funds invested in various things.
The thing is, it is ALL under professional management: I let the experts make the call as to buy and sell.
I used my brains to EARN the money I invested over the years, so now I can kick back while they use their brains to make my wealth grow.
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Different people are good at different things. I meet some way smart people who just don't get investments. But I do really wish instead of Algebra II our high schools offered a "finance track" of math. Instead of those "higher maths" that are abstract learn the functional stuff.
Quote: AZDuffmanQuote: MrVI rarely look at this or any thread discussing stocks, bonds, ETF's etc.: not because I don't care.
Fact is, I have a large chunk of funds invested in various things.
The thing is, it is ALL under professional management: I let the experts make the call as to buy and sell.
I used my brains to EARN the money I invested over the years, so now I can kick back while they use their brains to make my wealth grow.
link to original post
Different people are good at different things. I meet some way smart people who just don't get investments. But I do really wish instead of Algebra II our high schools offered a "finance track" of math. Instead of those "higher maths" that are abstract learn the functional stuff.
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Good point. An ex colleague, my age, made the essentially same income I did, literally invested all his money in bank accounts /CDs. All had FDIC insurance so he would never be at risk of losing a penny. I once tried to explain to him how lame that was, to no avail. Easily cost himself 7 figures over the span of his career.
Other colleague has used an ‘expert’. He’s been in, in my opinion, way overly diversified stuff (too much cash, too much in bonds) over the course of his career. And paying a percent or so for this! If you have $3 million that’s $30k a year.
Quote: SOOPOOQuote: AZDuffmanQuote: MrVI rarely look at this or any thread discussing stocks, bonds, ETF's etc.: not because I don't care.
Fact is, I have a large chunk of funds invested in various things.
The thing is, it is ALL under professional management: I let the experts make the call as to buy and sell.
I used my brains to EARN the money I invested over the years, so now I can kick back while they use their brains to make my wealth grow.
link to original post
Different people are good at different things. I meet some way smart people who just don't get investments. But I do really wish instead of Algebra II our high schools offered a "finance track" of math. Instead of those "higher maths" that are abstract learn the functional stuff.
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Good point. An ex colleague, my age, made the essentially same income I did, literally invested all his money in bank accounts /CDs. All had FDIC insurance so he would never be at risk of losing a penny. I once tried to explain to him how lame that was, to no avail. Easily cost himself 7 figures over the span of his career.
Other colleague has used an ‘expert’. He’s been in, in my opinion, way overly diversified stuff (too much cash, too much in bonds) over the course of his career. And paying a percent or so for this! If you have $3 million that’s $30k a year.
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A woman I worked with knew I was interested in investments so gave me a booklet called "Common Sense." It was an eye opener and at a very young age of 17 when I read it. It led me to buying a couple other beginning investment books (to our younger readers yes, we used to actually buy books!) where I learned the basics. But whe I read it was the first I understood compound interest. I had heard it, but never understood it.
If I was in charge I would make a version of the book mandatory in high school as part of a mandatory life skills class.
"experts" will put you into lousy funds too, ones that they feel pressured to sell you, or maybe just where they make great commissionsQuote: SOOPOOOther colleague has used an ‘expert’. He’s been in, in my opinion, way overly diversified stuff (too much cash, too much in bonds) over the course of his career. And paying a percent or so for this! If you have $3 million that’s $30k a year.
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even if they don't, they collect that percent or so
I had to get rid of a guy my wife latched onto ... there were reasons to keep him for a while that I won't go into, but I didn't at first realize he was 'type one' above re getting you into stinker funds. I asked him if he could help with Social Security decisions I was facing at the time, where it was debatable what the best course was. After revealing he barely knew what I was talking about, he was going to charge me $150 an hour.
Needless to say it wasn't long before it was 'sayonara', my wife's eyes were opened
Quote: SOOPOOQuote: SOOPOOHoly shit. This portfolio will be having its 10 YEAR birthday in two months. Just checked. Up 130% from inception. I don’t have to start taking withdrawals for another 8 years.
3 weeks later now up 137%. Who knows why?!?
I looked back at this thread due to the chatter about how to value a company in another thread. This is the portfolio with TSLA.
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Mid day today now hits up 148% since inception.
I only looked because I own a Russian stock called Yandex. I got a ‘tender offer’ for my remaining shares for ‘40% of what it is trading for on the Moscow Stock Exchange’. (Or Russian Stock Exchange?). So I own 100 shares of a stock which is trading at around $27 there but I’m only going to get $11. I checked and Russia basically is telling foreign investors from ‘bad countries’ they can only keep 1/2 when they sell. (Some big company from the Netherlands owns a very large stake). So my 40% is another cut from the 50% the big boys will get. I did well over the years on the other 200 shares I had. Should have sold them all earlier..
Here’s an example of how I am a ploppy. I had a bunch of shares in Sinovac. A Chinese biotech company. It is a real company that I think made the COVID-19 vaccine for China. Anyway, it got de-listed, and essentially disappeared from my portfolio page. There may have been some way for me to trade it on the Hong Kong stock exchange but likely not worth it. So a few days ago I got a ‘tender offer’. I accepted. Got I think around $50. I had (mentally, emotionally) written it off around 3 years ago. So I look at it as $50 for free. I’ll bet whoever is buying it from me makes a nice multiple of what they paid me.
i'm 5% overweight in stock.
it's now mid feb and it's probably even more over weight.
but might as well ride the bull till May and follow the saying 'Sell in may.'
so rebalance on May 1 to get more Bonds.
80% stocks
20% bonds
My best score, Nvidia NVDA
I sold my house 3 1/2 years ago and had lots of cash to invest
Just happened to listen to Cramer on CNBC and he was raving about NVDA
So I bought in for just 2k. Just dipping my toe in
Went up 433%
My 2k worth over 11k
woohoo
Thanks Cramer
Quote: terapinedIm probably unbalanced
80% stocks
20% bonds
I am about 70% 30%. I think I am being too conservative.
Quote: terapinedIm probably unbalanced
80% stocks
20% bonds
My best score, Nvidia NVDA
I sold my house 3 1/2 years ago and had lots of cash to invest
Just happened to listen to Cramer on CNBC and he was raving about NVDA
So I bought in for just 2k. Just dipping my toe in
Went up 433%
My 2k worth over 11k
woohoo
Thanks Cramer
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Just don't keep following Cramer as his record is not good. Many people bet the opposite of what he says. *L* Nice hit on NVDA. They report earnings this week and will have lots of movement one way or the other.
Quote: vegasQuote: terapinedIm probably unbalanced
80% stocks
20% bonds
My best score, Nvidia NVDA
I sold my house 3 1/2 years ago and had lots of cash to invest
Just happened to listen to Cramer on CNBC and he was raving about NVDA
So I bought in for just 2k. Just dipping my toe in
Went up 433%
My 2k worth over 11k
woohoo
Thanks Cramer
link to original post
Just don't keep following Cramer as his record is not good. Many people bet the opposite of what he says. *L* Nice hit on NVDA. They report earnings this week and will have lots of movement one way or the other.
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It was total blind luck on listening to Cramer
I hardly ever listen to him
Had money to invest and was spreading it out into a bunch of different stocks so tuned into CNBC
That one day he just happened to be touting NVDA and I listened and lucked out
this is like a 2 week period 3 1/2 years ago when I bought stocks from the sale of my house
Havent bought a single stock since. Probably havent listened to Cramer since
I will tune in for Sara Eisen :-)
I'm a ploppy. I cant trade or time the market
Once I buy a stock, its to hold until I need money
ya jinxed it by talking about itQuote: terapinedIm probably unbalanced
80% stocks
20% bonds
My best score, Nvidia NVDA
I sold my house 3 1/2 years ago and had lots of cash to invest
Just happened to listen to Cramer on CNBC and he was raving about NVDA
So I bought in for just 2k. Just dipping my toe in
Went up 433%
My 2k worth over 11k
woohoo
Thanks Cramer
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ER = .03%
I see this:
Schwab Fundamental US total market (fndB)
https://www.schwab.com/research/etfs/quotes/summary/fndb
ER = .25%
Never heard of a Fundamental version before.
fndB beats Morningstar's Large Value index at 1yr, 3yr, and 5yr categories.
Thinking about buying $20k then in May, switching it to total Bonds (schZ) to partially balance my portfolio.
Also going to switch PRHSX (Healthcare etf) to Bonds at that time. Getting out of specialty sectors.
Quote: DRichI own some shares of GE in my long term retirement account. I don't pay much attention to those stocks because i don't trade them. I just found out that GE split off a Health care division and i received 1 share of stock in it for every three shares of GE that I have. GE is my largest holding in that account so i now have a decent size stake in GE Healthcare too. It is currently trading at $82 a share and I didn't even know that I had it.
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GE is not what it once was.
A few years back it had a 1 for 8 reverse split.
It is splitting into three. Each focused on one industry. It will never be a conglomerate again.
GE was never able to replace Jack Welch. And when he did retire so many execs who did not get his job got scooped up by other companies.
But, ultimately, their deciding to do finance instead of manufacturing was their downfall.
Quote: AZDuffman
GE is not what it once was.
I agree, but when they split off GE Healthcare I got 1000 shares and it is up to $86 today. I think it listed at $50 or so.
Quote: odiousgambitya jinxed it by talking about itQuote: terapinedIm probably unbalanced
80% stocks
20% bonds
My best score, Nvidia NVDA
I sold my house 3 1/2 years ago and had lots of cash to invest
Just happened to listen to Cramer on CNBC and he was raving about NVDA
So I bought in for just 2k. Just dipping my toe in
Went up 433%
My 2k worth over 11k
woohoo
Thanks Cramer
link to original post
link to original post
Chuckle
Earnings report was fabulous
Stock way up this morning
Enjoying the ride :-)
it was a fabulous buying opportunity!Quote: terapinedQuote: odiousgambitya jinxed it by talking about itQuote: terapinedIm probably unbalanced
80% stocks
20% bonds
My best score, Nvidia NVDA
I sold my house 3 1/2 years ago and had lots of cash to invest
Just happened to listen to Cramer on CNBC and he was raving about NVDA
So I bought in for just 2k. Just dipping my toe in
Went up 433%
My 2k worth over 11k
woohoo
Thanks Cramer
link to original post
link to original post
Chuckle
Earnings report was fabulous
Stock way up this morning
Enjoying the ride :-)
link to original post
I’m going to casino today to risk 1% of my daily market gain…
