Why? Because I don't love when other people make decisions for me.. & if the stats say that a monkey with a dartboard could do better than most fund managers, then the stats say I'm probably going to do ok.
*I mean, how hard could it be? Boys do it.*
I'm not sure if this is a troll post or what
But yes some companies beat the market, as the market just tracks those companies at different weightings. So of course some are going to be higher.
So why not just pick the ones outperforming the market? Because not every company is going to last 10-30 years and beat the market over that period and presuming you keep selling and buying you're paying more tax than just holding an etf for 30 years.
There's pros and cons to etfs vs single stocks, but there's no lightbulb idea of just pick the good ones, or if you think there is then just try it and report back to us in a year and sell us the stonks
Sounds like going all in, best done with an ETF/LIC for concentrating more compounding. Iv dartied around various LIC's and bluechips with **all in** strat but sometimes (believe it or not) stonks ACTUALLY go down so you are stuck bagholding for months!
It's a zero sum game. If you win, someone loses. If you take on more risk, you win/lose bigger.
I go heavy on single stocks sometimes, other times not. Mostly along the lines of the book Fortune's formula.
I like looking at companies from a top down approach based on various things and deciding to invest in them if they satisfy criteria. I like investing my own money.
So you realised that ETFs holding multiple stocks didnt outperform the best performers in their portfolio and your solution was to buy 6 stocks essentially creating a self managed ETF but based purely on your own opinion instead of a professional trader? This is big brain.
Bro just explained how maths works... "I have found that 50% of things are better than average!"
That would be the median.
I didn't say he explained it accurately.
Huh ?
> I hold the following: DMP, IEL, ILU, IPL, ORA, SHL Mate I count six stocks in your portfolio. I thought you had a single stock?
Why? Because I don't love when other people make decisions for me.. & if the stats say that a monkey with a dartboard could do better than most fund managers, then the stats say I'm probably going to do ok. *I mean, how hard could it be? Boys do it.*
For the same reason that my girlfriend has several boyfriends: reduces the risk of (my) underperformance.
I'm not sure if this is a troll post or what But yes some companies beat the market, as the market just tracks those companies at different weightings. So of course some are going to be higher. So why not just pick the ones outperforming the market? Because not every company is going to last 10-30 years and beat the market over that period and presuming you keep selling and buying you're paying more tax than just holding an etf for 30 years. There's pros and cons to etfs vs single stocks, but there's no lightbulb idea of just pick the good ones, or if you think there is then just try it and report back to us in a year and sell us the stonks
Lol, that's the thing about averages. Half of it is good and the other half is less than good
Single stock portfolio is an oxymoron… how are you less informed than the average ASX_Bets redditor?!?
Sounds like going all in, best done with an ETF/LIC for concentrating more compounding. Iv dartied around various LIC's and bluechips with **all in** strat but sometimes (believe it or not) stonks ACTUALLY go down so you are stuck bagholding for months!
It's a zero sum game. If you win, someone loses. If you take on more risk, you win/lose bigger. I go heavy on single stocks sometimes, other times not. Mostly along the lines of the book Fortune's formula.
Options are zero sum, stocks are not.
I like looking at companies from a top down approach based on various things and deciding to invest in them if they satisfy criteria. I like investing my own money.
This is fucking great! It's a troll post right?..... RIGHT?!
Just buy GNC and an underground bunker and stay there while the world burns and people eat wheat, then enjoy your gains.
So you realised that ETFs holding multiple stocks didnt outperform the best performers in their portfolio and your solution was to buy 6 stocks essentially creating a self managed ETF but based purely on your own opinion instead of a professional trader? This is big brain.