Individual Stock Picking Results After 2.5 Years

[Scallywag]

Sure, if 1/4th of the total stock market was Facebook, Google, Apple, Amazon, netflix and Microsoft in 1929.

They were all traded in 2008, and except GOOG, in the bust of 2000 - 2002..

Plus, is there a solid reason why BKNG is inching up, despite travel being so badly affected?

[Singuy]

Well!!!!

That was one roller coaster of a month for my portfolio but we're up!

I believe that this is a TSLA bubble & a part of me wants to take profits but the other part of me wants to ride this out as "retirement" is 20 years away. I am just worried that the market might go to hell in a hand bucket around election and global recession and then not return to these levels for decades (as happened with the 1929 crash).

Any advise for me?

Sure, if 1/4th of the total stock market was Facebook, Google, Apple, Amazon, netflix and Microsoft in 1929.

[Scallywag]

Well!!!!

That was one roller coaster of a month for my portfolio but we're up!

I believe that this is a TSLA bubble & a part of me wants to take profits but the other part of me wants to ride this out as "retirement" is 20 years away. I am just worried that the market might go to hell in a hand bucket around election and global recession and then not return to these levels for decades (as happened with the 1929 crash).

Any advise for me?

[JBinKC]

Retired from a W-2 job which after a two months ended up investing/trading for a living. What I really admire about your success I highly doubt you put in around 100 hours a week into the legwork. What is also very helpful I own my house free and clear and live in a very cheap area of the country so my income requirements are negligible.

[Singuy]

Congratulations that was the level of my portfolio when I permanently retired in 2006.

Nice, so did you cash out or you just let it ride?

[Singuy]

Singuy, would you retire now with $3M? I think it's risky because it seems like such a frothy market. It's one thing to retire at $3m in normal times. This doesn't feel normal

Nope, gonna keep on truckin. Like you said, the returns can't be trusted and I'm fully prepared to see it free fall.

Phase 1 retirement has reached which just means I am reducing my job to 32hrs while my wife works similar hours/week. At 5 million is when we both reduce down to 24hrs/person. 10 million is the fully retired number but I'm not even sure what to do at our age so we may just work 2-3 days a week just to have interaction with the world vs 100% interaction with young children. I know that can drive adults insane.

[LivingAlmostLarge]

Singuy, would you retire now with $3M? I think it's risky because it seems like such a frothy market. It's one thing to retire at $3m in normal times. This doesn't feel normal

[JBinKC]

Portfolio is now at 3 million!

Post q2 earnings, all of them blew expectations out of the water. Tech is hot because it's not only making money, but all raising guidance. This has been the craziest month so far. Looking back, I can't believe my portfolio just went up another million in a month?!@ Tesla is doing a little too well. Might be a short squeeze due to naked shorting, may just be momentum traders who wants to dump after the split. Who knows but I am not going celebrate until the dust is settled.

Phase one of our retirement has been reached. I'll be reducing my working hours down to 32 until the next milestone which is 5 million.

Congratulations that was the level of my portfolio when I permanently retired in 2006.

[Singuy]

Thats insane! Do you put any of your shares in a stop limit order in case something goes into a free fall?

Nope. If it free falls then it free falls. I don't have any attachments to this money as this is a long term play. In this market a free fall can be followed up with a huge recovery as we have seen just last week. Can you imagine if a stop loss gets triggered at say 1400 for Tesla, my shares got dumped, I owe uncle sam 280k in taxes...then stock split announced and tesla is now sitting at over 2k? Stop losses are a form of timing the market which can be brutal.

[rennigade]

Thats insane! Do you put any of your shares in a stop limit order in case something goes into a free fall?

[Singuy]

Portfolio is now at 3 million!

Post q2 earnings, all of them blew expectations out of the water. Tech is hot because it's not only making money, but all raising guidance. This has been the craziest month so far. Looking back, I can't believe my portfolio just went up another million in a month?!@ Tesla is doing a little too well. Might be a short squeeze due to naked shorting, may just be momentum traders who wants to dump after the split. Who knows but I am not going celebrate until the dust is settled.

Phase one of our retirement has been reached. I'll be reducing my working hours down to 32 until the next milestone which is 5 million.

[disneysteve]

That's fantastic, Singuy. Congrats.

[LivingAlmostLarge]

congrats!

[james.hendrickson]

Wow Singuy, great job. I'm looking at just over $10,000 in my portfolio. Thats far better than me.

[bjl584]

congrats on that.
Quite an achievement