First thanks to all who have provided such great guidance and advice.
I have purchased a position in Nutanix today. About 2.6% of the funds I will designate to my re-deployable assets.
I am looking at Okta today too as it has dropped to low below $51. (I already own some from Partnership Portfolio - so would be adding to that position).
Would this board call that a great entry point for an initial position or the beginning of a slide where those with current positions would consider reducing positions?
Working hard to recalibrate my mind toward this type of investing. Just looking for some guidance as I get started. My plan would be to enter with a similar 2.0-3.0% of designated funds and keep building my stock holdings until 100% over the next few months.
Not to be overly coy, but that depends on your conviction level for OKTA going forward.
Also, probably not a great idea to mention that any particular stock was recommended in a particular paid service, especially if it is one of the more premium services.
Not to be overly coy, but that depends on your conviction level for OKTA going forward.
Thanks volfan84 - Copy on the not posting stocks from other paid services. Still learning the ropes.
As far as my convictions, that is where I don’t know what I don’t know. SO, I don’t know if I should be committed to a pullback, or is this the pullback and now is the time to add to a position!
My only research I have EVER looked at was the 50 and 100 day EMA, and that was because I purchased a cheap newsletter that based all their buy/sells on that metric! Not a very learned or scientific approach. So trying to come up to speed and determine my convictions!! So in a non-religious sense, I would say my convictions are agnostic!!
Some small suggestions if I may … Consider forgetting price while you find your “must-have” favorites. I think after you find a few, you would be surprised to discover that price, while important, is not the end-all and be-all for your Fast Growers.
At least speaking for myself, the end-all and be-all often becomes the answer to 2 opposing questions: “Did I own this rocket?” or “Did I not?”
And sometimes with concentrated portfolios, the answer is crucial while price is almost entirely … dare I say it? … immaterial…
Next, choose each wisely with as much knowledge as possible and with confidence. You have a dozen tickets to ride. Make each one count as if they matter because in the end, they will.
Lastly, my best advice: Feel free to ignore any advice I may offer.
Lastly, my best advice: Feel free to ignore any advice I may offer.,/i> LOL!!
Thank you Dan - once again I appreciate the great advice.
I clearly am making a 90 degree turn and hope to make it to 180 in my investing methodology. I have identified a monetary bucket - that is right now about 20% of my TOTAL personal portfolio. As I unwind positions I will sell stocks and fill the bucket. Today I purchased seven stocks NTNX MDB TWLO PVTL HUBS PURE AYX at roughly 2.7% each of the of the total portfolio bucket, so I have about 18% of the total bucket filled. As I research more stocks I will purchase another few stocks as I get up to 10-12 that I can easily track on a daily or weekly basis and continue to increase those positions to higher percentages.
As my knowledge base grows and I begin trading effectively/efficiently I will increase the total bucket until it becomes a significantly larger portion of my TOTAL portfolio.
I throw this out more as looking for additional advice as to if this seems like a prudent approach toward become a better investor.
Thanks Bear - I bought today on cash, but went through one of my accounts and chose those that had the lowest 52 week return, coupled with a low percentage of my total gain (BLX SKWKS ORCL TMFEX a TMF Mutual fund). The next round I am considering probably later this week or so (BKNG FOOLX GOOGL (some) MKC ROP)
Would love your perspective. That is only 34 stocks reviewed of the 136 I own. The others are in four additional accounts and I will tackle one account per day until I have pared down the account and filled the new portfolio bucket.
ALL THOUGHTS ON THESE TRADES ARE GREATLY APPRECIATED. The learning curb is incredibly steep! I am happy to share more details regarding overall returns or any other details that would help in the advice.
GaFez,
I found Sauls board mid 2015. I’m an older guy who likes investing and have done so all my adult life. I was never able to out preform the indexes until the last two years. I started slow, watching my results. The equity portion of my portfolio is now ninty percent “Saul” type stocks. Barring a bear market I think you will be quite happy in a year or so with the purchase you made today. (NTNX, MBD, TWLO, PVTL, HUBS, PURE, AYX)
I suspect we are in an exceptional section of the market at an exceptional time. Earlier this year I witnessed these stocks rising in an over all down market.
At some point in the future these types of stocks may fall out of favor, until then “the trend is your friend”. I plan to ride these types of stocks until if/when they under preform, at that time I’ll re-evaluate. Good Luck.
GaFez, I found Sauls board mid 2015. I’m an older guy who likes investing and have done so all my adult life. I was never able to out preform the indexes until the last two years. I started slow, watching my results. The equity portion of my portfolio is now ninty percent “Saul” type stocks. Barring a bear market I think you will be quite happy in a year or so with the purchase you made today. (NTNX, MBD, TWLO, PVTL, HUBS, PURE, AYX.
Thanks Steve - that is what I am hoping! To learn enough, buy enough, pay attention enough and watch the returns perform as anticipated.
…purchase you made today. (NTNX, MBD, TWLO, PVTL, HUBS, PURE, AYX.
Your messages are coming out all italics, not a big deal, but it’s because your closing brackets have been instead, you need to switch that to < /i > without the spaces obviously.
Also, you can always use the “Preview Message” button below the message your typing to see what it will look like before you post it.
Good luck in your portfolio conversion process, I’m still going through mine and I’ve been on this board for over 3 years now…guess I’m a slow learner.
ALL THOUGHTS ON THESE TRADES ARE GREATLY APPRECIATED.
GaFez,
Seems like you’re making some good cuts. I don’t know much about some of those, but I’d wager revenue growth isn’t doing much.
One exception: GOOGL. I probably wouldn’t cut them…at least not on the first cut. And certainly wouldn’t cut any shares if there are tax implications. I think they’re still growing great, very profitable, a good value, and the future is bright. I don’t own them but my dad does (technically GOOG I think, their other share class, but I’m sure both are fine).
Your messages are coming out all italics, not a big deal, but it’s because your closing brackets have been instead, you need to switch that to < /i > without the spaces obviously.
