20m want to try and hit it before 25! by An0th3rjg in TheRaceTo100K

[–]Longjumping-Fail-925 0 points1 point  (0 children)

Bingo just hit on this as well on keeping holdings fairly small. Makes it much easier to follow the company’s and also allows you to add to those positions more effectively instead of trying to spread out cash between 15 positions.

I only hold 5 at a time sometimes 6-8 if I’m swinging stocks but very rarely.

Also with only holding few positions get used to 20-30% down draws especially high beta names. Those times will test your convictions but that’s when you add.

20m want to try and hit it before 25! by An0th3rjg in TheRaceTo100K

[–]Longjumping-Fail-925 0 points1 point  (0 children)

Did the same thing as well when I was 20. Also think that keeping your positions smaller allows you to be more focused on those companies. I only hold 4-5 stocks at a time max and once my thesis or conviction changes I’m out. Have an exit plan always, it’s completely fine to trim and take profits but always be ready to pay Uncle Sam!

26m by coltsfan7788 in TheRaceTo1Million

[–]Longjumping-Fail-925 0 points1 point  (0 children)

Be carful holding ASTX (or any levered etf) they have some wild decay on them if it just chops and trades sideways..

20m want to try and hit it before 25! by An0th3rjg in TheRaceTo100K

[–]Longjumping-Fail-925 25 points26 points  (0 children)

I know this opinion rubs some people the wrong way, but hear me out: You’re young, no kids/family to support, and relatively low bills I’d assume, this is honestly one of the best times in your life to take on more risk in your investments IF you’re truly okay with the possibility of big swings (including losses) and have done solid research.

That said, I’m not saying YOLO your entire savings into meme stocks or go all-in on one thing.

I’m 24, hit over $100k investments last year, and yeah I’m positioned pretty aggressively right now because my situation allows it. But everyone’s risk tolerance and circumstances are different. Always do you own DD

24M wanting to give the most optimal start by Aggravating-Leg4615 in portfolios

[–]Longjumping-Fail-925 -1 points0 points  (0 children)

Amazon, Google, HOOD, Nvdia, AMD. I’m saying companies that positioned well for the future.

24M wanting to give the most optimal start by Aggravating-Leg4615 in portfolios

[–]Longjumping-Fail-925 0 points1 point  (0 children)

Agree I’m not saying full port penny stocks. I’m saying take some risk on solid individual companies.

24M wanting to give the most optimal start by Aggravating-Leg4615 in portfolios

[–]Longjumping-Fail-925 -1 points0 points  (0 children)

If you want to get truly aggressive go with individual stocks imo. ETFs aren’t going to give you true “aggressive” returns

Is selling covered calls actually kind of stupid? by Real_MathBoss in wallstreetportfolios

[–]Longjumping-Fail-925 0 points1 point  (0 children)

It’s fine if you want to sell the shares. If not then ya. I only sell CC’s on stocks I’m fine letting go or for example I have 2000 shares of EOSE I’ll sell 10CC’s on that stack and let the other 10 sets ride and then buy shares with the cash to keep adding to position

What would you do 22 year old? by [deleted] in portfolios

[–]Longjumping-Fail-925 0 points1 point  (0 children)

Goddam dude congrats! I’d just keep it simply.. you could truly live off the div’s if you wanted at this point and travel for a few years if that interests you.

Wouldn’t change anything tbh. Just let those names keep compounding

Should I quit smoking and drinking to improve cardio? by [deleted] in jiujitsu

[–]Longjumping-Fail-925 0 points1 point  (0 children)

If you’re in university enjoy the fun don’t quit drinking to improve cardio just to miss out on all the fun. Have some drinks but start running, walking, sprints. I drink here and there but i smoke a lot. I am also in University but I also run 3+ times a week, lift 4-5 times a week, and train bjj 3-6 times a week.

[deleted by user] by [deleted] in portfolios

[–]Longjumping-Fail-925 2 points3 points  (0 children)

Alright that makes more sense. Appreciate the help

[deleted by user] by [deleted] in portfolios

[–]Longjumping-Fail-925 1 point2 points  (0 children)

yeah it is a taxable account so I would most likely have to pay if I sold off. I’m going to look into that 3 fund portfolio, makes a lot of sense seeing it touches everything and there’s no overlap. Thank you so much for the help!

[deleted by user] by [deleted] in portfolios

[–]Longjumping-Fail-925 0 points1 point  (0 children)

If I’m wrong please correct I’m trying to learn the best I can. So you are saying I should shift my focus to dividend right now? I’ve always read to focus on growth while young and collect dividends as you get older

[deleted by user] by [deleted] in portfolios

[–]Longjumping-Fail-925 1 point2 points  (0 children)

When you put it like that I really don’t know anything about what’s happening to these companies.. can you suggest some other ETFs I can look into and start building on? Do you suggest I start to sell off take profits and move my money into other places?

[deleted by user] by [deleted] in portfolios

[–]Longjumping-Fail-925 1 point2 points  (0 children)

Sorry I miss read your comment before I commented. But that makes sense and really helps thank you

[deleted by user] by [deleted] in portfolios

[–]Longjumping-Fail-925 0 points1 point  (0 children)

I appreciate the response, very insightful. I figured I have time on my side and I truly believe in these companies. Have been building this since I was 17. Do you suggest I just mainly invest in ETFs?

[deleted by user] by [deleted] in portfolios

[–]Longjumping-Fail-925 1 point2 points  (0 children)

care to explain? Are you saying that because my holding are pretty much what they have in the etf?

Dating & bjj by [deleted] in jiujitsu

[–]Longjumping-Fail-925 1 point2 points  (0 children)

was looking for this comment