What's new
Fantasy Football - Footballguys Forums

This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

Stock Thread (77 Viewers)

CR69 said:
When you time the market you are going to be on the sideline at some point. You have to sell in order to buy back and then time both exit and entry points successfully. 
Click to expand...
I think we're talking past each other. I do not time the market. That is a fool's errand, as I've stated here multiple times. I do not "trade" stocks the great majority of the time. I invest in some individual stocks. I tend to do pretty well doing it exactly because I do not try to go in and out, but invest in good companies at cheaper prices and hold for the long term. I certainly have some indexes in my portfolio as everyone should. It's great diversification if nothing else. 

Also, the link you posted was more about actively managed funds versus passive indexes. In those cases, Buffet is correct of course. The fees of the actively managed funds will drain on the returns of those funds over time. 

Investing in individual stocks does not require fees anymore, in most cases. 

 
Dang, was about to sell off the onion when it was green today. Looked away for a few minutes and it plummeted.

 
BassNBrew said:
Did something foolish that you can laugh at me later about.  Sold some Amazon.  I'll sell the rest at $3200.
Click to expand...
Me too, but I have 85% left. Put a limit order for $3000. Figured if it hits, I’m willing to lighten my load and have some more cash in my non-IRA account. It hit.

 
stbugs said:
Me too, but I have 85% left. Put a limit order for $3000. Figured if it hits, I’m willing to lighten my load and have some more cash in my non-IRA account. It hit.
Click to expand...
Feels good that I'm tailing you on this.  I'll buy it back at $2800-$2900 if I don't find something else more attractive.  This feels like a 2018-19 situation where we get some retraces.  PE is now up to 143.  Going to need 5 years of good financial results to get back to the PE range from last year.

 
stbugs said:
By the way, you better have bought LVGO on my rec a few weeks ago. Wish I bought more than 100.
Click to expand...
I did and I've been selling today banking some profits.  Thanks.  You are very good at this stuff.  Time for you to throw out some more recommendations.

 
sporthenry said:
I feel like there are a few caveats. For one, us retail folks can buy small and micro cap stocks that won't move the needle for Buffett. That was the key to his early success. Him and Munger have pretty much said retail investors should just find under-indexed or non-indexed stocks and outperform that way. The other thing, retail investors tend to overreact. I'm underperforming because I've moved money in and out of the market at inopportune times. But it's apples to oranges to compare it index returns because I wouldn't have been all-in index stocks anyways. 

ETA: Oh and fees for active management will kill ya. But if you are doing it yourself, those fees obviously don't matter. 
Click to expand...
What?  Where did they say that?

 
What's the play when a stock you love grows much faster than the rest of your account so it's "% of Account" number starts getting north of 20%?

 
The General said:
What's the play when a stock you love grows much faster than the rest of your account so it's "% of Account" number starts getting north of 20%?
Click to expand...
You'll get different answers. But it really comes down to your comfort level with (1) having a significant amount invested in one company, (2) that specific company.

Personally, 20% of all our investments would be much more than I'd have in any one company. (If it's just 20% of one account but not of everything, I'd have no issue with that whatsoever) But that's just me. Others will say to let winners ride. 

 
Last edited by a moderator:
Been crazy busy last couple weeks... very happy to be busy again.

The biggest thing I miss?  I was having a blast and learning a ton trading stocks the last couple months.  :sadbanana:

 
Last edited by a moderator:
20% in AAPL is one thing. 

20% in TSLA is another

If you're comfortable with it, that's all that really matters. If you're asking because you're uncomfortable with it, then it's probably time to reallocate some of it. 

 
I also think there's a difference between investing 20% of your assets in one equity and having an equity run up to that level. But again, your comfort level is more important than the opinions of others. 

 
eaganwildcats said:
I have noted this before, but the vast majority of my $$ is just in boring "total market" or "S&P 500" funds with low expense ratios. So, in my "fun money" accounts I try to take more risky swings (CYDY, Tankers, Puts, etc.). 

Recently have been trying to do some research on the cannabis market. Listened to this podcast yesterday with the CEO of $AYRSF (trades OTC). Have to admit I came away impressed. Took a look through the financials and they seem solid. Have a small investment in them right now, but am going to try to increase it over the next week or so. Trades super thin so it's a bit annoying to get in & out of, but might just stash some for the long hall and not sweat it. 
Click to expand...
Finally starting to show some signs of life. Given I bought some of this when I could have been throwing $ into CYDY it better get it together. 

 
Bob Sacamano said:
20% in AAPL is one thing. 

20% in TSLA is another

If you're comfortable with it, that's all that really matters. If you're asking because you're uncomfortable with it, then it's probably time to reallocate some of it. 
Click to expand...
:oldunsure:

Maybe not that big a difference in a few years. :popcorn:

 
Bob Sacamano said:
I also think there's a difference between investing 20% of your assets in one equity and having an equity run up to that level. But again, your comfort level is more important than the opinions of others. 
Click to expand...
Totally agree with the comfort level being key.

I do get the "buy, hold, and don't sell" philosophy, but in the end holding and not selling is basically equivalent to buying (in IRAs or other tax exempt accounts without transaction fees).

 
-OZ- said:
Is anyone selling their shares of Tesla?  Or considering shorting? 

Up more than 30% in 6 days, for a company valued over $200B, the highest valued as auto company in the world now.  They might turn a profit this month. 

I don't want to sell out entirely, but this is looking way overpriced. 

It might join the S&P 500 soon, so that can be major.
Click to expand...
I don't understand what the heck is going on with this stock.  Right now it's market cap is 4x that of Ford and GM combined.  I get that technology is cool and it's perhaps the future of the automobile but that seems crazy for a company that hasn't profited a dime and at the end of the day still makes a car.

 
BassNBrew said:
Feels good that I'm tailing you on this.  I'll buy it back at $2800-$2900 if I don't find something else more attractive.  This feels like a 2018-19 situation where we get some retraces.  PE is now up to 143.  Going to need 5 years of good financial results to get back to the PE range from last year.
Click to expand...
It won’t. They’ve spent close to $10B for non recurring costs (CV19 and One day shipping) the past two quarters that were well worth it. They could get to last year’s PE by the end of this year if they tried. I just wanted more cash and $3000 is a good place to get a little out

 
Pipes said:
I don't understand what the heck is going on with this stock.  Right now it's market cap is 4x that of Ford and GM combined.  I get that technology is cool and it's perhaps the future of the automobile but that seems crazy for a company that hasn't profited a dime and at the end of the day still makes a car.
Click to expand...
Yep

To that end, just bought a whole 4 shares of Toyota :bowtie:

 
I probably should've asked this before I invested any money....but anyone have a good book or article on how to read and understand if a company has good "financials"? 

 
The General said:
I saw a deal to get it into China. I’m gonna pick some up.
Click to expand...
https://sg.news.yahoo.com/beyond-meat-gets-edge-china-030613258.html

Beyond Meat burger patties hit shelves at Alibaba’s Hema supermarket chain in Shanghai on Saturday, marking the first time a plant-based meat is being sold in a grocery store in China, and coming at a time of lingering worries about traditional meat.

It’s a big coup for Beyond Meat because none of its meatless rivals battling for Chinese stomachs has broken into grocery chains yet. It gives Beyond Meat an edge – at least for now – in the fierce meatless battle under way in China but that has so far been limited to a few fast-food restaurants and e-commerce sites.
Click to expand...

 
-OZ- said:
Yep

To that end, just bought a whole 4 shares of Toyota :bowtie:
Click to expand...
15 more :moneybag: (sold some bonds)

In some ways, Nissan looks like a better value, but we drive Toyotas and our oldest son is going to try to get a job at the new plant a few miles from our house.

 
Last edited by a moderator:
CR69 said:
Everything I've ever heard from Buffet is to just put your money into SPY, never seen him recommend buying small and micro cap stocks. That would d surprise me since they're by far the riskiest and most volatile. 
Click to expand...


rascal said:
What?  Where did they say that?
Click to expand...
Well I spent way too long looking for this stuff so I hope you appreciate it. And I couldn't find the exact quote from Munger. I could have sworn it was in the past few years but the same mentality persists. Again, Buffett is speaking to different types of investors and usually when they rail on active investing it's hedge funds and their fees. 

This is Buffett from 2013. He doesn't explicitly say small and micro caps but said if he was investing small sums, he'd invest more in Graham type stocks and that smaller investors have 1,000s of options that he doesn't. I will say he has seemingly softened on this stance more. https://www.youtube.com/watch?v=Z2R7sy-77q0

From 2007 Wesco meeting "Two markets are inefficient: very small ones (which are not much use to Berkshire, with its $120 billion), and ones where crazy people are doing crazy things, especially if they’re selling. From time to time, the big markets have some crazily mispriced securities in them. But there’s no question that in small markets there’s a lot of opportunity to find mispricings." (https://www.tilsonfunds.com/Whitney Tilson's notes from the 2007 Wesco annual meeting-5-9-07.pdf)

Here are them in 2007 saying the place to look is inefficient markets (https://www.youtube.com/watch?v=KAF6bG6HbAA)

Suggestions for small investors today "With a small amount of money and our background, you can make a lot of money, but returns drop dramatically as the base of capital grows." Munger: "I'd work with very small stocks, searching for unusual mispriced opportunities, but it's such a small world."
Click to expand...
I also don't live and breath on everything these guys say. Buffett is the same guy who uses derivatives but turns around and calls them ‘financial weapons of mass destruction’ These guys say if they only had a few million, they'd feel completely fine being diversified in only a few stocks. 

There is no harm in going the Index route but I'd recommend O'Shaugnessy's What Works on Wall Street. It shows the staggering amount of money that accumulates over time by beating the market by a few points a year. Of course that is easier said than done. But I enjoy it and think I can outperform in the small stocks. As Buffett says, spend time on finding small, misunderstood stocks and don't waste your time trying to evaluate big pharma pipelines because you'll lose that game. 

 
Pipes said:
I don't understand what the heck is going on with this stock.  Right now it's market cap is 4x that of Ford and GM combined.  I get that technology is cool and it's perhaps the future of the automobile but that seems crazy for a company that hasn't profited a dime and at the end of the day still makes a car.
Click to expand...
Up another 10% today.  My shares are up 60% overall in roughly a month.  Last time it gained this quickly, it dropped (also, COVID). 

Only "bad" thing about M1. I already missed today's trading window, so it's held at least to tomorrow.

 
You must log in or register to reply here.

Similar threads

Andrew74
2025 FBG Stock Contest
2
Replies
76
Views
3K
SouthJersey
SouthJersey
Andrew74
2024 FBG Stock Contest
2 3
Replies
127
Views
6K
McBokonon
McBokonon
BLOCKED_PUNT
Hidden Gems
Replies
6
Views
451
Tick
Tick

Users who are viewing this thread

Total: 73 (members: 1, guests: 72)
Back
Top