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| Im Not Warren Buffett |
 Posted: Mon Jan 16, 2006 5:15 am Post subject: |
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CFO
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| geb9696 wrote: | | Did you decide what is going to be cut out of the portfolio? |
Right now I am leaning toward getting rid of Inco (N) or Goldman Sachs (GS) and collecting my profit on those. And the next time Internet Japan (IIJI) or Baidu.com (BIDU) have a big day, I am unloading those.
I may sell Piper Jaffray (PJC) instead of Goldman. I want to keep one, and Goldman is probably the better company. I am also considering doubling up on Microsoft (MSFT) - but thats an idea I'll explain later.
Looks like its time to hit the DCF modeling. |
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| Im Not Warren Buffett |
| Posted: Tue Jan 17, 2006 6:08 pm Post subject: |
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CFO
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| Today was not a good day, everything I own went down, with Internet Japan leading the dogs, losing 7%. Who was the idiot who went and popularized the idea of hating on active management? The last week I've hardly been online at all, and everything goes to hell. Oh well. |
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| geb9696 |
| Posted: Sun Jan 22, 2006 7:31 pm Post subject: |
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Investing VP
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I learned very quickly the harms of adding stocks just to see if I could diversify a little bit. In one day I went from being up over 3% to down for the month.
Last edited by geb9696 on Sun Jan 22, 2006 7:38 pm; edited 1 time in total |
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| Im Not Warren Buffett |
| Posted: Sun Jan 22, 2006 7:35 pm Post subject: |
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CFO
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| geb9696 wrote: | | I learned very quickly the harms of adding stocks just to see if I could diversify a little nit. In one day I went from being up over 3% to down for the month. |
Well there are two problems with that:
1. You might lower your standards for the sake of "diversifying" - I've done that alot this month and it hasn't helped me.
2. The simulator's calculations mean you need to weigh the impacts of trading costs.
I actually don't have that much of a problem with #2. |
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| Iceemaan |
| Posted: Mon Jan 23, 2006 2:04 am Post subject: |
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Investing Manager
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| Im Not Warren Buffett wrote: | | geb9696 wrote: | | I learned very quickly the harms of adding stocks just to see if I could diversify a little nit. In one day I went from being up over 3% to down for the month. |
Well there are two problems with that:
1. You might lower your standards for the sake of "diversifying" - I've done that alot this month and it hasn't helped me.
2. The simulator's calculations mean you need to weigh the impacts of trading costs.
I actually don't have that much of a problem with #2. |
Yeah the more you are putting into the company the less that the trading costs affect you. When you are butning a hundered shares or less it weighs pretty heavy. But that is one of the advantages of carrying a large e$ balance. You can buy more shares and almost make the trading cost a non-factor. |
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| geb9696 |
| Posted: Mon Jan 23, 2006 7:43 pm Post subject: |
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Investing VP
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| Everything I bought continued to go down so I decided to slim my portfolio back up. |
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| Im Not Warren Buffett |
| Posted: Mon Jan 23, 2006 7:50 pm Post subject: |
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CFO
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| Iceemaan wrote: | | Im Not Warren Buffett wrote: | | geb9696 wrote: | | I learned very quickly the harms of adding stocks just to see if I could diversify a little nit. In one day I went from being up over 3% to down for the month. |
Well there are two problems with that:
1. You might lower your standards for the sake of "diversifying" - I've done that alot this month and it hasn't helped me.
2. The simulator's calculations mean you need to weigh the impacts of trading costs.
I actually don't have that much of a problem with #2. |
Yeah the more you are putting into the company the less that the trading costs affect you. When you are butning a hundered shares or less it weighs pretty heavy. But that is one of the advantages of carrying a large e$ balance. You can buy more shares and almost make the trading cost a non-factor. |
By "trading costs" I didn't mean the 10 e$ commission, I meant the fact that the return is calculated using the amount traded. |
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| geb9696 |
| Posted: Mon Jan 23, 2006 7:51 pm Post subject: |
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Investing VP
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| I really dont care about the return % anymore. The only way it will matter to me is if for some reason the only stock I am holding jumps 20+% on the first day of trading in the month. |
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| Im Not Warren Buffett |
| Posted: Tue Jan 24, 2006 4:40 pm Post subject: |
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CFO
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| I've been negligent about posting what I've been doing, partially because I haven't been doing much. Today I made some moves though, cashing out of Goldman Sachs (GS) for over 4% and I just put in the sell order for Inco (N), which should give me over 5%. Right now, I'm reevaluating my holdings and looking to do some shifting going into the next month. More to come later on. |
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| Im Not Warren Buffett |
| Posted: Tue Jan 24, 2006 7:53 pm Post subject: |
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CFO
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As of tomorrow morning I will still be holding:
AAUK
BIDU (ouch)
CBI (my long-term stock pick is doing quite well short term  )
GPIC (on the rebound, finally!)
IBM
IIJI (two positions, its coming back)
MSFT
PJC (which I'm debating selling)
RIMM (three positions, seen better times)
TSM
I expect to make a sizable new addition either Thursday or Friday, tomorrow I may be very quiet. |
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| vetelmo |
| Posted: Fri Jan 27, 2006 8:04 am Post subject: |
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Moderator
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Im going with one stock to end the month with, to live and die by that sword, lol.
Interesting Portfolio you have. |
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| Im Not Warren Buffett |
| Posted: Fri Jan 27, 2006 11:44 am Post subject: |
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CFO
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Its not quite the end of the month... but it seems like a good time to do my "Day of Atonement".
My new rule to live by is thus: if I buy it, I hold it. I sold way too many things this month only to miss out on additional gains of more than 5-10%. Most of this was just a lack of patience and discipline, I got antsy and sold without first seeing if I had anything better. In fact, a couple of times I sold in anticipation of finding something better, a huge no-no. Not following your own style can really make you second-guess yourself. 
Patience, and discipline. I did it with GPIC, which was down 20% only to now be in the black for me. I need to confidence to hold onto my winners and let them run more though... isn't there some study where people are like 50% more likely to lock in a gainer as opposed to selling a loser? |
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| Benjamin |
| Posted: Fri Jan 27, 2006 12:09 pm Post subject: |
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Administrator
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If you buy everything you want before then month starts then you can drop the poor performers without having to reinvest as the month progresses.
Nice work-around INWB.  |
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| Im Not Warren Buffett |
| Posted: Fri Jan 27, 2006 12:14 pm Post subject: |
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CFO
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| Benjamin wrote: | If you buy everything you want before then month starts then you can drop the poor performers without having to reinvest as the month progresses.
Nice work-around INWB. |
I'm not going to do that, specifically because I think my "poor performers" are due for a rebound. I'm going to hang on to what I have, maybe sell a penthouse and work with about 300,000 e$.
Patience is my new mantra. |
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| Dave Rathbun |
| Posted: Fri Jan 27, 2006 12:15 pm Post subject: |
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CFO
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| It depends on whether we're talking about monthly performance, or long-term goals. If you want to win the contest, it seems as though there are certain techniques that work better than others. But if you want to use the sim to try out trading stratigies for your own purposes, you don't worry about the game so much. |
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