1Yr·

Good morning dear diary,

Yesterday I received a very constructive criticism from @California_Dreamin yesterday. Thank you for that! Before I should have gone into individual positions, I should perhaps have briefly described my approach in 2023 and especially in the last three months - that's roughly how long I've been with gq 😉.

I was planning to clean up my portfolio of the various individual stocks - mostly between 5 and 15, i.e. sometimes much fewer than many others here - and switch almost completely to ETFs.

Now, of course, a few positions were "green" and others "red". So I initially said goodbye to the positions that were green or those where I definitely no longer saw any potential for a good end.

However, every now and then I get the urge to buy individual stocks that I think could achieve >10% in the next few weeks. These are usually worth around 2k-4k and hopefully lead to success.

There are two different categories:


small caps or penny stocks mentioned in widely read. I have usually done quite well with these... Believe hardly any losses in the last 3 years... Maybe more luck than sense 🤣Stocks with a good div yield that I believe are currently on an upward trend. Currently $DTE (-0.87%) and $2914

I would like to part with in the near future: $8TRA (-0.97%)
$MBG (-1.33%) and the DWS fund.

$BAS (-0.55%) I will probably at least reduce 😊

Definition of "near future": I have no stress... and as long as I assume that I will see my purchase price again, the stocks pay a good dividend, I would now need your arguments as to why I should sell them more quickly at a loss. As friendly advice, of course, and not investment advice 😉


At some point, my portfolio should look like this:

~50% world ETF

~25% dividend ETF

~25% selected individual stocks


Maybe this will shed some light on the dark!

Thanks again @California_Dreamin ! Your comment has hopefully saved me from more confused diary entries 😘

6 Comments

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What's with the wishy-washy Montessori nonsense?
2
Please deal with the sunk cost fellacy. What your initial price is is irrelevant, so it doesn't matter if you are in the black or the white (tax excluded). It simply doesn't make sense to hold a position just because it is in the red, while you would expect a higher return from investing in another stock. You just have to imagine the remainder of the negative position is cash, what would you invest in?
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