I think I’m finally done messing with my stock portfolio for a while. It’s only my IRA account and so all the active trading I was doing will cease for a while. I haven’t included my old ESPP account here at all (which has had a 30% gain.)
I’m holding onto:
AMAT
BRKB
C
GE
GME
INTC
KO
NWL
QCOM
PG
TSM
TXN
As you can see, I am heavily into domestic large caps as well as semiconductors. I am into semiconductors because that is a business I know. Most stuff I got on the cheap except for the Citibank stock. Sadly, it’s at such a deep loss that it’s not even worth selling at a loss because it’s in a tax-advantaged account.
Nearly everything pays a dividend because I’m addicted to them now. The few exceptions are BRKB and GME. But I will likely sell GME once I’m satisfied with the gain in price. (I put in a sell limit order for it already.)
My biggest investing blind spot is when to get out of a stock. Isn’t a 20% gain enough? Should I hold out for 30%?
My feeling is that it was really easy to have a lot of winners over the last 12 months. I sold off some of my BRKB stock to buy into most of these other stocks. But finding a big winner will be harder for the short term, so I’m glad to hold these stocks for a long time and collect dividends.
The only big downside is that I hold a lot of repeats. BRKB holds a lot of KO and GE. Conventional wisdom says not to overlap like this, but que sera sera. It’s not like it’s massively high risk exposure. (Well, now that GE has stabilized…)
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If you’re a trader then you need a disciplined exit strategy. Many traders will sell at a 20% gain and cut their losses at 10%. In your case, it looks like you’re a long term investor. Just keep it simple, reinvest those dividends and let the stocks ride for the long term. Those are great companies in your portfolio.