A little perspective for those who found today’s drop really scary… My portfolio, and probably yours, at the end of today is not down to where it was last Tuesday (four trading days ago), and certainly not down to where it closed a week ago, last Monday.
It doesn’t sound so scary any more, does it?
And one of my stocks even managed to finish up 0.15% today, certainly not much but it was nice to see a little tiny patch of green.
Thank you Saul for encouraging us.
Yes, as you said my portfolio is close to where it was last Thursday. If it were not that my trading app has been really laggy this morning and that I actually sold some of my stocks at the bottom instead of putting limit order while not realizing it until now, it would have been one of many volatile days we have (Stupid me!)
I only wish that I would have been more patient in adding positions since some companies became more attractive than when I bought last week, but if I could predict today’s drop, then I should pursue a different career. Maybe a fortune teller!
Rather than start a thread, I’d just like to add here that one thing I’ve done to help me keep perspective is to use my iPhone to take a screenshot of my portfolio total at the end of the day, then save that screenshot as a photo. I started this ritual a few weeks ago when my portfolio reached 7 figures (I wanted to mark the occasion…and, it’s been bouncing around since then!). Having a series of photos over the course of days/weeks that I can quickly glance at creates some psychological distance from daily market moves.
Is it time to consolidate into ones highest conviction stocks, because my portfolio is on fire. My lowest conviction stocks are up while my highest are down. If I believe in my highest, the consolidation should make sense. Guess this falls under portfolio management, sorry.
I like my conviction shaken, not stirred.
Is it time to consolidate into ones highest conviction stocks, because my portfolio is on fire. My lowest conviction stocks are up while my highest are down. If I believe in my highest, the consolidation should make sense. Guess this falls under portfolio management, sorry
That doesn’t seem like portfolio management. It seems like looking at the external influences on the enterprises given the new information. The virus and now vaccine are external influences. Has the story changed? That depends on whether business will slow down when the vaccine arrives. Growth investing involves predicting future growth. So the real question is how much the vaccine will influence future growth.
Price drop: The rest of the market was battered over the virus. I think much of the drop in cloud and work at home stocks was profit taking and bargain hunting in the companies most hurt by the virus.
Back to future growth: Feeling your pain, but everyone needing cloud security (CRWD) last week still needs it next week. DDOG is still making the lives of IT managers easier with their monitoring and logging network traffic.
Zoom traffic may slow next year when schools and churches reopen. I bet that’s why ZM took bigger hits than CRWD and DDOG. Online school for K-12 hasn’t been a big success in our district. But the inverse is why they rose faster most of the year. The virus was a bigger influence on them to the upside, and now the vaccine will change that. If you know how much schools and churches pay, you can estimate the hit. Is Zoom still giving it to them for free? Businesses using them to avoid travel and facilitate working from home love them.