Nasdaq getting pounded today. My holdings have been going down for several days. I know I am not alone in this.
But I don’t see anything wrong with any of the companys that are in my portfolio…Soooo, I am recalling what the old time cartoon character
Alfred E. Neuman of Mad Magazine used to say: “What, Me Worry?”
Funny magazine at the time. But the red ink I am referring to is not in the least bit, funny or amusing.
Most of my retirement money is invested in the stock market and is my only source of income excepting some cash and a small monthly social security check.
So I totally get it if you are feeling bad or scared like I am.
But again, there is nothing wrong! with the companies I own. No change in thesis.
So I am going to hang in there, so to speak.
Best to all,
Frank.
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Frank,
Are you still very heavy in TSLA? I think one time I encouraged you to lighten up a bit on it just because of how risky (and expensive) it is. If not, I still think that would be a good idea, although I understand it would be a lot more painful to do now that the stock is down.
Bear
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Hi Frank,
I know it is of little consolation, but you are not alone. My portfolio has languished for just about all of 2016.
Wiseguy
Hi Bear,
Yes TSLA is still my largest position even though it has sort of flatlined for 3 yrs. But as of today I am up 55% (down 3.9% on the day) This is because over the years I have added more shares every time there has been a meaningful drop in share price.
Tesla, to me is a unique story, unlike any other stock I have ever owned. At this point I will continuue to do about what I have been doing since 2012. Eventually I believe it will pay off significantly. Until then I will continuue to watch for buying opportunities if it drops enough.
The rest of my portfolio is built around Saul’s strategy of Modified Buy And Hold.
Best,
Frank
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Frank,
I bought shares of TSLA several years ago at about $38 per share.
When the price per share took off, I sold 1/3 of my position, and later sold another 1/3 when the price went even higher.
The only reason I have held onto the final 1/3 is that I see Elon Musk, as many people do, as a visionary. I believed in him, and I wasn’t ready to let go of the ride entirely.
Do I regret selling 2/3 a few years ago? Not really. It was the decision I made, and I am fine with it. After all, I didn’t have a crystal ball.
Am I happy I still have at least some skin in the game? You bet!
Good luck, Frank!
Yes, thanks az5speedy. I remember being up about 400% or so in the early days Unfortunately I only owned a small amount at the time. No more huge gains since those early days. Coulda, Woulda, Shoulda… 
But the significant amount that my position has become as I gradually added to it has not been dead money. A few lucky buys at the right time
have given me enough returns to average out something positive.
Good luck to you too az ! If you win I win and vice versa
Frank
Do I regret selling 2/3 a few years ago? Not really. It was the decision I made, and I am fine with it. After all, I didn’t have a crystal ball.
Hi Speedy, That’s the exact way I feel about sales. I make mistakes and I can’t get them all right, but it’s what the stocks I’m holding do that count, not what the ones I sold do.
Saul
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Most of my retirement money is invested in the stock market and is my only source of income excepting some cash and a small monthly social security check.
So I totally get it if you are feeling bad or scared like I am.
It is very very wrong for the market to be flirting with all-time highs(!) and individual investors feeling sick to their stomach. Whatever you are doing is not working for you. It is obviously taking an emotional toll and if I read you correctly, your portfolio is not matching the market.
My suggestion would be to safeguard the majority of your portfolio in index funds and play with the rest. That way you can guarantee a decent return.
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No, you are wrong about your assessment of me Numbersix. Have you never had a bad day and decided to be honest about sharing what you know others might be feeling too. That was my motive.
You really know nothing about me or my investing history…You say whatever I am doing is not working for me.
How would you know that. I have been investing since 2011 with the Motley Fools and more recently including Saul’s excellent investing discussions. It has been working for me.
When I want advice, I just ask for it. Don’t you.
Frank
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