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Strangest Bear Market Yet
This “bear market” has been a little strange personally; while it looks like my portfolio is getting destroyed every day, and I keep adding to companies I love at ever better prices, my April 21-May 21 buys are actually doing surprisingly well. These few companies were all bought between those dates. I personally believe (from Philip Fisher) that hefty returns in the first year is more luck than skill; just best not to confuse luck with skill😉
Thought some may be new companies for some to check out🤙
I hate that my top returning position, $WSM was bought 6 days ago. That type of irrational movement in price usually triggers me to sell because irrational price movements snap back the other way pretty quick, allowing me to sell for 20% gains in a week and buy back in cheaper when it snaps back. I don’t study charts but I’ve done this enough times to have an unshakable belief in it. Over reaction always corrects to some degree back the other way. The more irrational the movement, the more confident my action. This position is tiny so I won’t be doing anything. Just wanted to initiate a position in a strong company. Just pointing out some strategies I have/do take advantage of.
Source: Stash
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And, to prove this is a no flex zone, here is the bottom of that same portfolio, my current worst performers😉. I am perfectly comfortable adding to every single one of these companies at current valuations. Their “current performance” is of absolutely no relevance to me. I am a long term investor and am not shaken by short term drama. I’m glad that the companies I know LESS about are doing better. Verifies again that my system is much better than I am at picking stocks. All the stocks I chose are the losers, my system chose all those at the top.

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I can’t say what exactly makes me sell. I am trying to reduce activity and let wealth compound quietly. It’s just difficult when positions jump 20% in a week🤦‍♂️

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