yep...I hate to bring my crypto anecdotes into here because it operated differently but quick story...at the height of it I rode 3 projects heavy and another dude had 30+...our portfolios had the same value...difference being I only had 3 projects so my shyt rose faster than his...conversely when shyt hit the fan my portfolio dropped way faster so I was forced to panic sell...because he had more steady projects his shyt bled out slowly and he was able to strategize how to handle the blowback...at the end of the day you’re right there’s no rules to the shyt...only thing I would say is those who are looking to minimize their holdings just make sure they’re putting all their eggs in the right baskets because their shyt will take a major hit if they’re not backing the rights plays and only have 3-4 companies they’re fukking with...btw this is not directed at anyone in particular...the ppl who are most vocal in this thread know what they’re doing...just offering some potentially related advice for those who are unsure...ultimately different strategies work for different ppl
Boiler Room: The Official Stock Market Discussion
yep...I hate to bring my crypto anecdotes into here because it operated differently but quick story...at the height of it I rode 3 projects heavy and another dude had 30+...our portfolios had the same value...difference being I only had 3 projects so my shyt rose faster than his...conversely when shyt hit the fan my portfolio dropped way faster so I was forced to panic sell...because he had more steady projects his shyt bled out slowly and he was able to strategize how to handle the blowback...at the end of the day you’re right there’s no rules to the shyt...only thing I would say is those who are looking to minimize their holdings just make sure they’re putting all their eggs in the right baskets because their shyt will take a major hit if they’re not backing the rights plays and only have 3-4 companies they’re fukking with...btw this is not directed at anyone in particular...the ppl who are most vocal in this thread know what they’re doing...just offering some potentially related advice for those who are unsure...ultimately different strategies work for different ppl
There's definitely different targets and strategies, depending on factors like age and how much you have to invest/make a year. I would personally stay away from 20 stocks, too much to stay highly focused on in my opinion. 10 or less, with a bit of market diversification should be good (I'm currently at 4 main stocks and a tiny position in 5th that I forgot about in earlier post. Sold tdoc for more Tesla earlier also).
Some like me are more aggressive and going for growth. Others play it safer but should incorporate growth plays. The real question is how safe are these 'safe stocks'. Banks would be considered safe compared to Tesla or Square and look at the beating they took. Amazon or FB are probably the best options for people that want to invest in 'safe' stocks. Apple also might be on to something with their Mac chips, but overall they seem less innovative without Steve around. Other 'safe stocks' you have to watch and see if any disruptive stocks are coming at their lane, it won't be so safe forever.
Some like me are more aggressive and going for growth. Others play it safer but should incorporate growth plays. The real question is how safe are these 'safe stocks'. Banks would be considered safe compared to Tesla or Square and look at the beating they took. Amazon or FB are probably the best options for people that want to invest in 'safe' stocks. Apple also might be on to something with their Mac chips, but overall they seem less innovative without Steve around. Other 'safe stocks' you have to watch and see if any disruptive stocks are coming at their lane, it won't be so safe forever.
100% on point. You deserve a rep for this. I'd say the safest stocks are: MSFT, JNJ, KO, AMZN, PG. All of those stocks either move sideways or up, they rarely trend downward.
dora_da_destroyer
Master Baker
it's really not unless you're a pure trader. i have at least 6 tech stocks i acquired from 2015-18 that have 4-6x since and still have room to grow, why would i cut positions in growing stocks with such a low cost basis, even after adding to them? that said, they're at the bottom of my portfolio list along with the ETF's i drip money into, i don't spend time worrying about them, i worry about the things that i want to trade (12 mos or less) or stocks i'm actively building my position in
Yeah my 401k is ADP through Voyage. It fukking sucks. I don't even look at it. I just throw enough for my employer to match.
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ARKG is just hilarious to me. Take a look, up another 2 percent
Good day today between LCA, Tesla coming back up, all the ARKs are up etc.
i could've kept ARKG, but for i chose BYND over it long term. cathie news spooked me. but i'm happy to get into BYND at nice price. just too bad i can't buy them all.
let's all be TSLA millionaire someday, fam
ahomeplateslugger
Superstar
i like being in different sectors and companies just because there's always new opportunities for those multi baggers. i bought SQ at $60 and $100 and i'm going to add more but am i going to go super heavy at this point? probably not. i rather invest that money into something with possibly more growth potential like BYND, LMND or PTON.
jetflyinglimousineriding
Superstar
I'm wondering if I should sell and buy back in when/if it dips below since my cost basis is at $50
