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dsmithatx | 7 years ago

Today I have 5 stocks i've bought over the past 60 days. I wont take the time to post my past 24 years of investing. I'm doing ok and so is my team of close friends I bounce ideas off of.

https://imgur.com/EQ0iWWT

discuss

order

minimax|7 years ago

The S&P 500 is up 15% from 60 days ago which is considerably more than all of the positions in your screenshot.

dsmithatx|7 years ago

I'm long in these holdings. The S&P500 over 60 days involves no research.

pertymcpert|7 years ago

Looks like it's up around 5% from Nov 20th, not 15%.

smileysteve|7 years ago

> over the past 60 days

is not year over year

> doing ok

You can be doing okay, you can even be beating the S&P 500 in the short term; but if you're beating the S&P 500 over the long term you are beating almost every professional team of fund managers.

https://www.amazon.com/Random-Walk-Down-Wall-Street/dp/13240...

orojackson|7 years ago

I mean, look at what Fidelity is doing with FZROX and FZILX. Both Vanguard and Fidelity are locked in a crazy fee war [1] to be the GOAT of asset management companies [2]. How the hell do you compete with Fidelity as an individual stock picker when there are no fees to speak of to participate in this fund?

I've seen people mentioning that HFT can totally and consistently beat indexes [3], but then a) can I even get in on the action with less than $1000 and b) is the automated system in place any good?

[1] https://riabiz.com/a/2018/12/13/vanguards-asset-machine-wobb...

[2] https://news.ycombinator.com/item?id=18701283

[3] https://news.ycombinator.com/item?id=19228699

dsmithatx|7 years ago

RHT should make me about $6000. I bought it the day after IBM announced they would pay $190 a share. Disclaimer I'm Redhat Certified.

dsmithatx|7 years ago

I was actually up 13% on ENB a Canadian pipeline company. My gain is cut in half because I doubled up on shares. I'm long on everything but RHT which is a cash payout.

kgwgk|7 years ago

You’ll probably make 10% on this trade. But the is risk of losing more than that if the transaction doesn’t close for some reason is real. That’s not free money.