(03-11-2021, 05:58 PM)Bchbunnie4 Wrote:

(03-11-2021, 05:32 PM)jagibelieve Wrote: For you day trader kiddies, here is an update on what I have done over the past couple of weeks.

I sold my position in Boeing a couple of weeks ago.  Took profits and re-invested in ITA (Aerospace and Defense ETF).  My reasoning is that ITA has a large holding of Boeing stock (as well as other players) yet pays a decent dividend every quarter.  Normally I would just hold what I had, but I'm not real keen on buying/holding individual stocks.

I took profits from my tech ETF (IXN) though I did not sell all shares, just a FIFO deal.  I also took profits from my shares in Micro$oft and held on to 100 shares since I think that it will still move higher.  I used a portion of the profits that I made over the last year on these to purchase some energy and oil stuff.

I also sold off a few other positions (not completely) and re-invested a portion back (small caps, financials).

What I haven't re-invested yet is sitting in cash.  I'm roughly 60% cash and 40% invested.  My main targets are the energy and financial sectors with a small portion in tech.  I do also have a few REiT's that I might re-balance soon.  Real estate has been on fire, yet the bubble is coming (my thinking).

I'm playing it "slow and steady" rather than waiting for the "next day's pop" on an individual stock.

You sound pretty salty about what other people decide to do with their own money. Just sayin...

Not really.  I don't care what people choose to do with their money.  It's their choice.  What I do have a problem with is people that are clearly "gambling" in the stock market and selling it as "investing".  They are not the same thing.

A lot of "wealth" was made and lost during the dot-com bubble in the late 90's precisely on stocks such as GME.  No real value in the company, yet the price goes up.  People pile on and jump in thinking that the price is "going to the moon" only to have the company fold and the stock rapidly drop back to where it was (a penny stock).

I have said many times before that I seldom buy individual stocks.  Unlike some people I don't follow the moves of the stock market "real time" every day and I certainly don't pay much attention to after market trading or futures.  IF I choose to buy an individual stock it's only after doing some research and I limit my position.  I personally prefer ETF's and more specifically look at sectors.  I would rather hold a "basket" of stocks in a sector rather than single stocks of companies.  I also look at dividends.  

My strategy works for me (50's near retirement).  Someone younger I might encourage to be a bit more "aggressive" with investments.  Dividends might not be quite as important as the growth of the stock.

My point is the bottom line is that the stock market is not a casino.  Nobody "get's rich quick" like it's portrayed in some movies.  People getting into the market thinking that they are going to beat "the big hedge funds" isn't going to happen.

The concept of investing is "slow is smooth, smooth is fast".  I started investing at a late age in the early 2000's and learned that lesson.  I haven't made millions, but I am going to retire well before "retirement age".

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