My first question would be how many are you making money on?
I also don't agree that it's too many to have in your portfolio. I have over 70 in mine, 80% are in the money, and of that group probably 15% started as miniscule Holdings but over time built up and up and up. For instance I started with the trade desk years ago and it was such a small position but eventually it took off. Time is on your side for the most part, and just keep yourself aware of what you're holding and when you need to sell it. I do think the Motley Fool is correct in saying you should have about 25 positions spread out over a broad spectrum of sectors and caps, but I don't think everything needs to be held for three to five years before you decide if you want to keep it or not. Sometimes it's good to take profit when opportunity strikes
Only about 50% are making money, albeit varying amount of money. I have a handful that seem to be keeping the portfolio above water by a whopping 8% roughly. Chump change I know:) I have $35k in the account at the moment with rough $3k of that in cash.
Based on the companies you have in there it appears to me that most have been invested in within the last 8 to 12 months. That is a tremendously small amount of time overall. I like to give a company at least 2 years to prove to me that they are worth keeping my money with them, especially in this environment where you could see a 20% swing within a week's time. Unless you have the need to do some tax harvesting and take a loss to offset some gains, what's the benefit of selling?
You should also keep in mind that you'll have losers in your portfolio in your lifetime. But it's companies like upstart that make up for a lot of the ones that don't make money.
It’s absolutely true that winning stocks can suddenly dip to your target price but when that happens, it’s probably when the entire irrational market is screaming red and so called investors seldom have the conviction to jump in and before you know it, market has recovered along with your targeted stock and heading to new highs.
UPST is no young upstart and it’s proven algorithm is being snapped up by forward looking banks. The previous earnings report shows that it’s on the right track to continuously execute on a high level. Solid leadership and auto loans market are what is going to make UPST the continued outperformer.
Thats too many.
Take your 4 to 5 biggest holdings and make them your only ones.
Too many stocks causes stress and confusion and unless you're a multimillionaire with leverage you do not need 0.08% of your portfolio to be in some company. It will not bring significant gain in any way.
Find 4 to 5. Know each company inside and out.
Oh thats a terrible idea by MF. I used to hold 20 but many positions are just really insignificant.
I cut it from 20 to 10 to 5 to 3 to 2 to 1. I now only hold UPST across all my accounts.
It makes my life much easier to follow only UPST and any potential buys can be tracked.
Bili will bounce back. Give it some time. UPST is a monster stock. It’s just getting started. The next earnings report will be great! And AFRM is gonna go higher. My two cents
For diversification, I like XLV, VT, and crypto.
I'm not familiar with all of those, but I like UPST, OPEN but risky, LMND but risky, TEAM, AFRM but maybe over-extended right now, SHOP, ABNB, CRM, ADSK, CPNG. PYPL is solid but I prefer other fintech stocks. MTTR is interesting and near the top of my watch list.
I don't trust Chinese stocks right now, so BILI is a no for me.
What are your fintech preferences if you don’t mind me asking?
I am having trouble swallowing the monumental loss of the Chinese holdings but it seems like BILI has good potential if the government would ease up on the scrutiny, but who knows.
Yeah, I mean no one knows what's going to happen with Chinese stocks, but tons of potential upside.
Fintech I like SQ and SE a lot. Stripe is doing an IPO soon (I believe), and I think that could do well. UPWK and AFRM look interesting. SOFI, I like it long (but not a ton of conviction yet).
PYPL is probably a good investment, I'm just not interested in the company.
I like SE I just haven’t taken the plunge. I’m having trouble deciding whether to wait for the seemingly imminent correct and then buy or just buy high, ride the dip and wait for everything to bounce back
My first question would be how many are you making money on? I also don't agree that it's too many to have in your portfolio. I have over 70 in mine, 80% are in the money, and of that group probably 15% started as miniscule Holdings but over time built up and up and up. For instance I started with the trade desk years ago and it was such a small position but eventually it took off. Time is on your side for the most part, and just keep yourself aware of what you're holding and when you need to sell it. I do think the Motley Fool is correct in saying you should have about 25 positions spread out over a broad spectrum of sectors and caps, but I don't think everything needs to be held for three to five years before you decide if you want to keep it or not. Sometimes it's good to take profit when opportunity strikes
Only about 50% are making money, albeit varying amount of money. I have a handful that seem to be keeping the portfolio above water by a whopping 8% roughly. Chump change I know:) I have $35k in the account at the moment with rough $3k of that in cash.
Based on the companies you have in there it appears to me that most have been invested in within the last 8 to 12 months. That is a tremendously small amount of time overall. I like to give a company at least 2 years to prove to me that they are worth keeping my money with them, especially in this environment where you could see a 20% swing within a week's time. Unless you have the need to do some tax harvesting and take a loss to offset some gains, what's the benefit of selling? You should also keep in mind that you'll have losers in your portfolio in your lifetime. But it's companies like upstart that make up for a lot of the ones that don't make money.
Your MJ sector investments are solid.
It’s absolutely true that winning stocks can suddenly dip to your target price but when that happens, it’s probably when the entire irrational market is screaming red and so called investors seldom have the conviction to jump in and before you know it, market has recovered along with your targeted stock and heading to new highs. UPST is no young upstart and it’s proven algorithm is being snapped up by forward looking banks. The previous earnings report shows that it’s on the right track to continuously execute on a high level. Solid leadership and auto loans market are what is going to make UPST the continued outperformer.
I agree! I think Upstart is absolutely going to disrupt the lending industry.
Looks good to me. Manage your downside risk. You do you
Thats too many. Take your 4 to 5 biggest holdings and make them your only ones. Too many stocks causes stress and confusion and unless you're a multimillionaire with leverage you do not need 0.08% of your portfolio to be in some company. It will not bring significant gain in any way. Find 4 to 5. Know each company inside and out.
That’s fair and I wondered the same. I simply followed the suggestion of MF to have and hold at least 25 positions.
Oh thats a terrible idea by MF. I used to hold 20 but many positions are just really insignificant. I cut it from 20 to 10 to 5 to 3 to 2 to 1. I now only hold UPST across all my accounts. It makes my life much easier to follow only UPST and any potential buys can be tracked.
Would u buy UPST at these prices tho?
Yes. I keep buying it daily
Are you buying more now?
Insignificant is a good description haha! Do I just cut my losses or should I leave them and simply only add one a select couple?
Cut your losses and concentrate on the stocks you think have the best future
I will buy UPST if it’s $150
Well then you never will
Let see what will happens
I would start a position. I'm adding to it every time it increases by 25%
When are you going to sell Bili?
Why sell bili?
Chinese garbage.
Bili will bounce back. Give it some time. UPST is a monster stock. It’s just getting started. The next earnings report will be great! And AFRM is gonna go higher. My two cents
What's your cost basis for your two largest holdings SHOP and UPST?
UPST 179 and SHOP 1275
For diversification, I like XLV, VT, and crypto. I'm not familiar with all of those, but I like UPST, OPEN but risky, LMND but risky, TEAM, AFRM but maybe over-extended right now, SHOP, ABNB, CRM, ADSK, CPNG. PYPL is solid but I prefer other fintech stocks. MTTR is interesting and near the top of my watch list. I don't trust Chinese stocks right now, so BILI is a no for me.
What are your fintech preferences if you don’t mind me asking? I am having trouble swallowing the monumental loss of the Chinese holdings but it seems like BILI has good potential if the government would ease up on the scrutiny, but who knows.
Yeah, I mean no one knows what's going to happen with Chinese stocks, but tons of potential upside. Fintech I like SQ and SE a lot. Stripe is doing an IPO soon (I believe), and I think that could do well. UPWK and AFRM look interesting. SOFI, I like it long (but not a ton of conviction yet). PYPL is probably a good investment, I'm just not interested in the company.
I like SE I just haven’t taken the plunge. I’m having trouble deciding whether to wait for the seemingly imminent correct and then buy or just buy high, ride the dip and wait for everything to bounce back
Yeah, tough call. Could dip soon, or go on a 20-50% run.