Who has a sub-portfolio of individual stocks?

Comments

• PRESSmUP

  March 2

  DrVenture said:

  I like the ability to buy individual issues on sale, let the winners run and sell the losers.
  
  I set up a M* portfolio to track their results against the S&P, DJIA and Nasdaq. This is to keep me honest. Who else does this?
  
  

  Absolutely. This is something I picked up from my father, who was a factory worker at Timken Roller Bearings in Canton, Ohio...yet read the Wall Street daily. Which at the time I thought was the most boring paper ever printed.
  
  My 2 longest held positions are JNJ and AEP which go back well over 30 years. 8 positions in total, accounting for precisely 33% of the portfolio.
  
  Yes, buying on sale is the best, yet the hardest. And if Jamie Dimon buys $25M of JPM, you should buy some too.
  
  I also like allocating some money to "flyers", highly speculative. Most times you lose money...sometimes not. My 2 largest individual stock holdings by far were flyers at one point in time. Sometimes you get lucky.
• a2z

  March 2

  
  i am failing in my 10yr plan to reduce the family pool of individual equity %.
  90% of those names have been names where my largest funds dont play : some combination of small, foreign, illiquid.
  
  my pool probably stayed even with an equal-weight global large cap benchmark, but that is less fun\educational. (except the inevitable tax loss harvesting...that's just 'educational')
  
  the main lesson learned was to outsource mainstream GARP investing. i only held on to a single 10-bagger and had cut 4 others loose, where 3 were already american midcaps when initiated. my weak excuse...i am in preservation mode since retiring.
  
• DrVenture

  March 2

  I did some reductions, then found some bargains. Right back where I was.
  I too look at my mutual fund holdings X-ray before buying.
  
  I see we lost a few posts with the site problems. This thread and some others.
  
  @PRESSmUP I have a few 30 year positions myself.
  
  Timkin makes top quality product. Has for many years. I probably installed some that came from your Father's place of business. No comics page in that WSJ! Or pictures.
• Old_Joe

  March 2

  My father worked for the Southern Pacific Railroad all of his life. As early as grammar school in the 40's I loved to read the full-page Timken Roller Bearing ads in the Saturday Evening Post, especially as they showed lots of pictures of those bearings on railroad equipment.
  
  Also the Western Electric advertising- they frequently explained what various parts of their telephone switching equipment did, again with lots of cool pictures.
  
  In retrospect, that type of advertising was essentially engineering related. I've always wondered who that advertising was aimed at?
• Sven

  7:16AM

  I have posted previously before it was lost due to the interruption.
  
  We hold several individual stocks in our portfolio; some have gone back several decades. Few tech stocks have grown well while others are evolving with time. They are part of the tactical sleeve (5-10%) where they are actively managed, especially in our IRAs. The rest of our portfolio is consisting of are globally diversified stocks, bonds, and cash. They are constructed to be boring and cost effective, and that is good enough for us. At present, we are consolidating our holdings for ease of management.
• DrVenture

  2:21PM

  I like to see what happens in/with my individual portfolio on days like this. My two worst stocks YTD are up 5.58% and 4.03% today. Otherwise, not a great day. But, the 1-wk is still +2% on the portfolio.
  
  Most of the last month, when indexes are down, my individual stocks are actually up.
  
  Today, chips, industrials consumer goods and oil are tanking big time. Nearly everything is down.