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| nelaina |
 Posted: Wed Jan 04, 2006 6:09 am Post subject: |
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CFO
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i was having problems when i had a huge portfolio like you, but ive narrowed it down to my favorites and im actually doing very well now. i dont think i will add anymore, some of the companies i have chosen to stick with are way out of the radar but are doing very well.
i think i took someone's advice when i got rid of the stocks that had been either disappointing or doing absolutely nothing for the past month. by doing your research on the company you can kinda get the feel as to wheter somehting is in the pipeline for them and whether you should keep them or toss them.
and ive also learned diversification. I may have three stocks in the 'energy', but they are all in different industries, and they can either work with or against each other.
I think its really important not to overdo it in each industry or market. |
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| Im Not Warren Buffett |
| Posted: Wed Jan 04, 2006 1:04 pm Post subject: |
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CFO
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| poornewb wrote: | I see you have 3 positions in asian internet providers.
I was wondering what your thoughts on sify were? Its a internet portal in india but its owned buy someone here in the states?
With that much money and that many holdings you may need to start thinking like a fund manager? |
I have 1 position in a Chinese search engine, 1 position in a Japanese internet service provider, and 1 position in a semiconductor foundry in Taiwan. I also have about 1/6 of my portfolio in Research in Motion (RIMM), which is another technology company (they make Blackberries).
I don't know anything about Sify.
And I don't know how a fund manager thinks, but I'm trying to spread my holdings out correctly to find a good mix of stocks. Is there anything out there that would give insights into this? I have Peter Lynch's One Up on Wall Street sitting on my nightstand, but I haven't got around to reading it.
I've decided to make everything I do public knowledge now, so I'll post what I'm doing here as I do it. I'm loading up on more technology, having bought blue-chips MSFT and IBM today, in addition to increasing my stake in Inco. I'm also looking to add shares in an interesting small cap, or possibly increasing my holdings in Baidu.com (BIDU) check out the slow stochastic 3-month on it http://finance.yahoo.com/q/ta?s=BIDU&t=3m&l=on&z=m&q=l&p=&a=ss&c= and tell me it doesn't look ready to run up. |
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| Im Not Warren Buffett |
| Posted: Wed Jan 04, 2006 1:16 pm Post subject: |
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CFO
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| nelaina wrote: | i was having problems when i had a huge portfolio like you, but ive narrowed it down to my favorites and im actually doing very well now. i dont think i will add anymore, some of the companies i have chosen to stick with are way out of the radar but are doing very well.
i think i took someone's advice when i got rid of the stocks that had been either disappointing or doing absolutely nothing for the past month. by doing your research on the company you can kinda get the feel as to wheter somehting is in the pipeline for them and whether you should keep them or toss them.
and ive also learned diversification. I may have three stocks in the 'energy', but they are all in different industries, and they can either work with or against each other.
I think its really important not to overdo it in each industry or market. |
Thanks, this sounds like pretty good advice. How big was your portfolio? I'm trying to stay away from loading up in any one industry; I feel alright with buying alot of technology or mining stocks because I feel they are due to increase, but I try to stay out of any one particular area incase I am really wrong  . I'm just trying to effectively apply what I have... I completely understand what you say about getting a feel for how a stock is going to do over a shorter period of time. I'm considering dumping one because I feel it will go sideways for a while. |
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| frusnak |
| Posted: Wed Jan 04, 2006 2:26 pm Post subject: |
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CFO
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 I got rid of my multi stock portfolio last month, bit the bullet with the losses and bought two houses in the burbs. Alas, my stock return still sucks big time  At least there is still a lot of time left this month for my two stocks to rebound.
The Glass is always half full.  |
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| Im Not Warren Buffett |
| Posted: Wed Jan 04, 2006 5:43 pm Post subject: |
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CFO
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I've been wondering what kind of investing style you use, I remember you said you were going to switch it up somewhere. Any insights?
Right now I'm getting used to holding a dozen stocks, its quite an adjustment. I'm actually considering closing my portfolio and just going on a spending spree with the e$ I get from posting... maybe encourage a few people to post with e$1000 bonuses or something.
Thats right, post. Just say what you're thinking. It doesn't need to be here, just pick a thread that talks about what you are interested in.
If you are new to the site (or not, but just getting started posting) send me a PM and link it to your witty, insightful post. If its halfway decent (and don't worry, I'm not a tough judge) you'll get some "diversification money" because thats what I'm all about.
This is not Jim Cramer, but I am giving away MAD MONEY! BOO YAH! |
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| geb9696 |
| Posted: Wed Jan 04, 2006 5:48 pm Post subject: |
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Investing VP
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| You cant handle the challange of a large portfolio? I am actually very interested to see how you end out the month so I would hope you keep it around this size. On a side note if you pull moeny out do you think that 2% is enough to win our little bet? |
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| Im Not Warren Buffett |
| Posted: Wed Jan 04, 2006 6:04 pm Post subject: |
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CFO
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I think I can handle it, but I've quickly come to realize how difficult it must be to manage hundreds of millions of dollars put into dozens of companies. This is all about preparing me for Goldman Sachs PWM.
I'm not going to play it safe and pull my money out, although I am a little puzzled by how quickly things have run up. A couple stocks on my (admittedly way too long) watchlist went up nearly 10% today! I was optimistic, but not to this extent.
I actually almost forgot about our little side bet. But you are negative right now, so I don't see the threat especially considering how diversified I am. I know you are loading up on a couple companies, and have also diluted your losses by investing 20,000 e$ more than you initially intended. Nothing is lost on me. But I still plan to win, no mercy.
Ahhh, the glories of investing with virtual money. 
Last edited by Im Not Warren Buffett on Wed Jan 04, 2006 6:19 pm; edited 1 time in total |
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| geb9696 |
| Posted: Wed Jan 04, 2006 6:10 pm Post subject: |
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Investing VP
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| My loses consist of a microcap going down 5 cents a share on 10000 shares. I think I will survive as long as the downward trend does not continue. I picked up UARM right at the close and am upslightly there. Hopefully the smaller stock has a big day tomorrow so I can unload it in favor of some blue chips. I believe that they are going to have a good January. Only time shall tell though. |
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| Im Not Warren Buffett |
| Posted: Wed Jan 04, 2006 6:23 pm Post subject: |
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CFO
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You really want to get into buying some blue chips... whats with the sudden cautiousness? Are you heeding the words of the master and being "fearful when others are greedy and greedy when others are fearful"?
I think you might be a little too impatient, flipping your entire portfolio in the two trading days we've had this month. Maybe give things a chance to run would help you out, don't be so quick to lock in gains or take a loss. I'm looking at the same situation right now, where I see opportunities but don't know if they are worth selling what I already own.
BTW: That is some of Warren's wisdom.
Last edited by Im Not Warren Buffett on Wed Jan 04, 2006 6:56 pm; edited 1 time in total |
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| geb9696 |
| Posted: Wed Jan 04, 2006 6:35 pm Post subject: |
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Investing VP
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| I am very impatient but it only seems to be on here when it is not for real money. My urge to be in blue chips is not really sudden. I have been thinking about it ever since I read the January 2006 edition of Smartmoney. They also seem to think that the blue chips are coming back and are a good play for 2006. |
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| Im Not Warren Buffett |
| Posted: Wed Jan 04, 2006 7:23 pm Post subject: |
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CFO
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| geb9696 wrote: | | My urge to be in blue chips is not really sudden. I have been thinking about it ever since I read the January 2006 edition of Smartmoney. They also seem to think that the blue chips are coming back and are a good play for 2006. |
How long ago did the January 2006 edition of Smartmoney come out?
Everyone seems to be generally optimistic about large caps for 2006, and this may begin worrying me. |
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| geb9696 |
| Posted: Wed Jan 04, 2006 7:41 pm Post subject: |
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| Well I got it as a Chritmas present from my girlfriend on the 23rd of December. It was the issue with all of their year long stock picks. |
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| Im Not Warren Buffett |
| Posted: Wed Jan 04, 2006 7:46 pm Post subject: |
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CFO
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Awww thats really nice of her... I hear more wedding bells.
I got a Wall Street DVD, but nothing of true substance like your investment guide. I guess that means you can tell me whats happening, and I can convey it in a biting, witty manner.
I would go into more detail about what I "got", but that always leads to childish, immature comments from people. Her parents were in the next room, seriously! Minds out of the gutter! |
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| Im Not Warren Buffett |
| Posted: Thu Jan 05, 2006 7:20 pm Post subject: Retail Clothing Stocks |
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CFO
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I made one move today, selling Joseph Bank (JOSB), an upscale retail men's clothing company, after it ran up nearly 10% for me today . Because I bought it after it had a steep drop on either the last day of November or the first day of December, I actually ended up making a little above what it made today. Unfortunately, the number of positions I have means that the bump was small overall. 
Today (along with yesterday) was an excellent day for more specialized clothing retailers, as they saw same-store sales shoot up above the estimates of the "other analysts" . It also earned an upgrade from Ryan, Beck & Co., but I feel that to be irrelevant in the scheme of things, they have been quick to revise their outlook on the stock, having done so 4 times in the past 6 months  . It was approaching my target price, and I think locking in a fat one month gain was a good move, although this has been one of the top 10 stocks of the last decade and I wouldn't count it out, although I would look for a more attractive buy-in price. Wait and see if there is an overreaction to a same-store sales report that falls just short of estimates; thats what set of the selling spree last month.
Lessons from this stock? The market isn't perfect, and buying opportunities present themselves more often than you think. Look for a stock took a one-day tumble on some disappointing news, and see how that news actually effects the company. If it doesn't, you might have found an instant value. |
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| melansion |
| Posted: Thu Jan 05, 2006 9:46 pm Post subject: |
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Investing Associate
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My portfolio on this site has no resemblance whatsoever as to my real portfolio. I've only just today started to really pay attention to this site and how much it really has to offer.
I see you've invested in a lot of blue chip companies, which are really good mid to long term holdings. The companies you have chosen are definitely great for a progressive profit.
I have some actual holdings in RIMM and AAUK, which are fall back positions for me if I crash. My most recent investment was in Calgon Carbon Corporation (CCC), which I bought at 6.00 on the 4th of January, and sold on the 5th for 7.17 a share.
My investing style is based solely on short term holdings, I do a lot of day trading. I never risk anymore than 50% of my bankroll on anyone stock. I started with $10,000 of my parents retirement money at the age of 17. I told them what and when to buy and sell, they did. I received 10% of all profits from investing. Over the course of 9 months I turned my initial bankroll of $10,000 into approximately $115,000. My strategies were far more simple, but far more work, than anything I've ever tried.
Keep in mind, all of my research was done in preparation for the following day of investing, not the current day.
At that point in my life, I wasn't afraid of losing any of the initial bankroll, it seemed almost fake to me. I find that this manner of investing is naive, but as long as you're not stupid about it, then it's alright. Essentially, I would wake up every morning and I read the local newspaper, the greater city newspaper, the national newspaper, usa today, and the wall street journal. A lot of news was repetitive but, it was simple news on what was going on in the world, and I created my analysis of what industries were higher in demand based on the news. After a very time consuming process of reading numerous papers, I narrowed the industries down until I decided upon two that I would pick companies within. Within the one or two industries I deemed were in demand.
I spent at least 8 hours everyday researching. I woke up around 4am, so that I could spend the next 12 hours picking a stock for the following day, so that I could buy it right before it closed. Not to mention I was also pre-occupied with selling the stock from the previous day at the high point. You can tell that I missed a lot of school.
I found that it involved a lot about reading the news on every single company within that industry each day, then eliminating each company off my list based on the information provided. I can't explain how I decided on what companies were worth investing in, I've had people pay me to teach them and they still couldn't fully understand it. It was really just process of elimination combined with 5 different perspectives on the information. Look at it from a consumer standpoint, as an employee in that industry, as an executive, an investor and your own standpoint. Get inside those peoples minds.
As well business associates of my parents would sometimes give me some long-term blue chip picks, but I was out to make as much money as I possibly could, so they didn't help that much. I tried many different kinds of programs, stock predicting tools, strategic analysis of data, DFC calculator's, everything. Nothing was a good enough substitute for a ton of research, with macro-economic and micro-economic analysis. Gut instinct did play a fairly valuable role, when it comes down to the bigger picture, when you've narrowed down your stocks, I found that I had about 4 stocks that were all going to give me a valuable return of some sort, so it was picking the one with the most amount of return to invest the most in.
Everybody looks for the easy way out of picking stocks, but in my experiences, I've found that there is no substitution for hard work. Winning on a stock should never be a surprise. I wouldn't even call it winning, it's earning. |
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