Dear getquin-Community,
after several months of listening in / reading on the sidelines on getquin, I would like to throw my portfolio on the plate for you to give me some feedback / roastings / advice. Everything is welcome ;-)
I do not want to drop the portfolio without sharing some (personal) thoughts from my side, please find below:
- Asset Allocation:
- Bit unsure about short-term effects (e.g. US election) therefore rather high #cash ratio
- Would like to have higher #etf-ratio compared to individual stocks, but I cannot "control" myself as I would like to. Listening to quite a few financial podcasts and my watchlist has expanded since then quite a lot
- Not a big fan of anything else than #stocks and #bonds. My basic principle is that the money has to "work" / create inherent returns. Therefore no #gold, no #bitcoin in my portfolio
- Investment "Style":
- Difficult to explain myself
- Naturally, I feel drawn to #contrarian approaches since I regard stock market to be far from "efficient", much more influenced by behavioral biases pushing stocks too high when everything seems to be going great and pushing stocks too low when #momentum is against them
- I am convinced that these exaggerations can be "exploited" if you have a strong gut and can stand 30-50% draw-backs
- Mindset / Character:
- Had some heavy draw-backs on my positions in the past which I regularly used to increase my positions in these stocks. Examples from the current portfolio include $VNA (+1,86 %), $BATS (+0,84 %), $BARC (-0,75 %), $PYPL (-0,83 %)
- I would describe myself as having a tendency towards over-confidence and I am bit afraid of not being able to let go of losers in my portfolio (examples from my current portfolio could be $VOW (+0,82 %), $VALE3 (+0,59 %), $ADM (-0,09 %), $INTC (+1,3 %))
- My general approach would be to "double down" to "prove the others in the market wrong". Which is childish I assume, because why should I have any edge compared to the overall market. My only (potential) edge - e.g. compared to institutional funds - would be that I have rather little difficulties sleeping well if positions are substantially down. So I assume I can stand long periods of draw-backs. But this also makes me prone for sticking with particular investments until eternity/insolvency ;-)
I am were much looking forward to your feedback / roastings on my portfolio.
Thank you very much in advance.
Have a great time investing!
Yours
Markus
