InvestorsHub Logo

Horseb4CarT

04/14/24 8:39 PM

#685175 RE: skitahoe #685174

I have been invested in stocks since I was a minor. Until recently, meaning the last decade, I’ve been investing in individual stocks.

I grew through different phases, including a hyper trading period when I would be making multiple trades every trading day and even did some Vancouver exchange trading including oddball investments in companies like Dimples diapers, an environmentally friendly reusable baby diaper system!

Fortunately I never bet the farm on micro caps and eventually came back to a moderately active and then less active investing approach. I got greedy with company stock once and paid a price of losing two thirds of my portfolio value, and recovered after 12 years of a more diversified portfolio.

Eventually I wound up with a mix of Berkshire B shares, S&P500, concentrated positions in Coke, Amex, Bank of America, IBM, energy companies like Chevron and Occidental and Coterra, REITS like Realty Income and NNN, and more recently Apple, nVidia, Uber, Merck, Abbvie, Lilly, and nwbo!

I truly believe that nwbo has the potential to become the highest returning stock investment of my life, and I’ve had a few 10+ baggers!!! It could also be a total wipe out, but the risk reward and the odds of success are better than ever imo.

If nwbo works out the way we believe it will, I will have to take maybe 10% to 20% off the table for personal reasons and keep the rest as long as the circumstances are right.

An nwbo success would set things up for a bigger shift into broader market index funds/ETSs and less individual stocks.

One last thought on investing. Over 30 years ago I opened a discount brokerage account with only a handful of stocks in it, along with my main brokerage account that I did all the trading in.

They both became six baggers or more overall except one was buy and hold and the other was very actively traded.

If it weren’t for the interest and enjoyment I get from following business and investing, I could have just bought and held sp500 and/total US market and done much better than either accounts did because I underperformed the index and by substantial amount more years than I matched the index.