Value Investing

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Sharing own portfolios

  • 1.  Sharing own portfolios

    Posted 02-06-2025 07:02

    What do you all think about sharing own portfolios and trades preferably with the rationale for the trades and timings? Will it benefit others? Or can someone misuse it? I think, the knowledge of the masses can help everyone.



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    Thanks 🙏
    &
    Good luck with all your investments and endeavors
    InvestorNV | Boston | MA
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  • 2.  RE: Sharing own portfolios

    Posted 02-12-2025 10:57

    I've shared quite a bit of information about my portfolio and investment practices, but that would be a step way too far for me. One of the things I enjoy most about being an individual investor is that I don't have anybody looking over my shoulder or second-guessing or arguing about my decisions. I don't have to justify when or why I buy or sell anything. I love my freedom!



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    Rob Adams
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  • 3.  RE: Sharing own portfolios

    Posted 02-12-2025 12:23

    Hi Rob,

    You have a very valid point. But if the members have the ability to publish their portfolio anonymously it should address the privacy concerns. But they should have the courage to wear the badge of honor when their investments work out and badge of shame when it does not.



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    🙏
    Thanks
    And good luck with your investments
    InvestorNV | Boston | MA
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  • 4.  RE: Sharing own portfolios

    Posted 02-13-2025 00:14
    Edited by ROBERT ADAMS 02-13-2025 00:25

    Vinod, I don't know how one could anonymously publish their portfolio on this site, or what good it would do anyone if they could. Looking at my portfolio, one would see over 90% of it wrapped up in a core of stocks and ETFs that I've held for more than 10 years (several of them for decades). I can't imagine how one would profit from knowing the particular assets and amounts I'm holding.

    As for my "badge of honor," that consists of the wealth I've accumulated over a lifetime, and I don't need to broadcast the amount to be able to feel good about it. On the flipside, there is no "shame" in making mistakes. I've never made a mistake without learning something from it, and I've usually found a way to make lemonade out of lemons with losing stocks, thanks to our tax code.

    I'll give you an example of the last stock "move" I made, so you can see whether it is helpful to you. At various points in 2024, I had harvested some capital gain from a slow-growing ETF. Some of the proceeds were redeployed, and some went for living expenses. Anyway, late in the year, I was looking at my tax situation and decided that in order to avoid an IRMAA cliff, I needed to eliminate as much of the realized gain as possible. I had a long-term position in CVS that was showing an unrealized loss, so I sold it. That gave me a deductible tax loss for the year instead of a gain, which likely would have pushed me over the IRMAA cliff and been taxed at 15% to boot. I feel absolutely no "shame" in the sale of CVS. For a long time, it had paid good, qualified dividends, but it was a laggard among my other holdings. 

    I took the CVS proceeds and plowed them into UBER (at $60.25/share). As of today, my UBER is up more than 25% from where I bought it, but I hardly consider that a "badge of honor." I probably won't be able to assess the propriety of my UBER purchase for at least 10 years. 

    As for "why" I bought Uber, I would need to write a lengthy treatise to adequately explain it, and I simply lack the desire to do that. The way I look at it, if I'm wrong about UBER, there's only so much I can lose, but on the positive side, the sky's the limit. Using my buy-and-hold methodology, one only needs to be right a few times to become wealthy.

    I hope this helps whoever might read it.



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    Rob Adams
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  • 5.  RE: Sharing own portfolios

    Posted 02-13-2025 06:31

    Hi Rob 

    Thanks for sharing. More than knowing what everyone holds now, it is more valuable to know what everyone is buying now and why? just like the thought process you shared. what happened in the past has been less value compared to what is happening now. more importantly why is it happening now. timing is of essence. Discussing those action can help refine the process or reverse if wrong. take the case of the new addition to the model portfolio. It is been going down ever since. I wonder how many make purchases based on such lists. 



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    vNu | Boston | MA
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  • 6.  RE: Sharing own portfolios

    Posted 02-13-2025 12:27

    "Sharing" is such a "fun" word, Martha.

    It gets thrown around in many conversations these days along with "awesome" and other argots -- to describe everything from stick-on Avengers tattoos to viewing the Mona Lisa in person -- or in my case laying on the floor of the Sistine Chapel and staring at the ceiling where Michaelangelo painted his masterpiece, the . 

    <v:shapetype id="_x0000_t75" coordsize="21600,21600" o:spt="75" o:preferrelative="t" path="m@4@5l@4@11@9@11@9@5xe" filled="f" stroked="f"> <v:stroke joinstyle="miter"> <v:formulas> <v:f eqn="if lineDrawn pixelLineWidth 0"> <v:f eqn="sum @0 1 0"> <v:f eqn="sum 0 0 @1"> <v:f eqn="prod @2 1 2"> <v:f eqn="prod @3 21600 pixelWidth"> <v:f eqn="prod @3 21600 pixelHeight"> <v:f eqn="sum @0 0 1"> <v:f eqn="prod @6 1 2"> <v:f eqn="prod @7 21600 pixelWidth"> <v:f eqn="sum @8 21600 0"> <v:f eqn="prod @7 21600 pixelHeight"> <v:f eqn="sum @10 21600 0"> </v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:formulas> <v:path o:extrusionok="f" gradientshapeok="t" o:connecttype="rect"> </v:path></v:stroke></v:shapetype><v:shape id="Picture_x0020_4" o:spid="_x0000_i1026" type="#_x0000_t75" alt="Sistine Chapel - Rome" style="width: 468pt; height: 351pt; visibility: visible; mso-wrap-style: square;"> <v:imagedata src="file:///C:/Users/ke094/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg" o:title="Sistine Chapel - Rome"> </v:imagedata></v:shape>

    <v:shape id="Picture_x0020_3" o:spid="_x0000_i1025" type="#_x0000_t75" alt="Michelangelo The Sistine Chapel Ceiling / The Sistine Chapel ceiling ..." style="width: 468pt; height: 351pt; visibility: visible; mso-wrap-style: square;"> <v:imagedata src="file:///C:/Users/ke094/AppData/Local/Temp/msohtmlclip1/01/clip_image002.jpg" o:title=" The Sistine Chapel ceiling .."> </v:imagedata></v:shape>  I have just "shared' an experience from my Euro rail travels in Europe 61 years ago and "shared" a picture of something I think will enrich your appreciation of what something created by humans that is, in my estimation, deserves to be characterized as "awesome." 

    See. I know how to share. I informed you about something you may not have known. You are a better person now because you now have a wider context for using the word "awesome." I have "shared" something of "value" with you and unknown total strangers. Some of whom will decide I am being pedantic. (Lookup "pedantic." I just "shared" again. I night be getting better at this "sharing" thing.) 

    Unfortunately for you, the few who decide to read on, I have a few other things to "share" with you today.

    This blog has stated goal of soliciting AAII members to "share" the asset allocations of their portfolios ... and other financial information about their lifestyles - household income, debt, budgets, etc. 

    I responded with a polite, but clear and firm ... NO WAY.

    Awesome! I just "shared" again. This "sharing stuff" is "awesome." Oops! This "sharing" stuff is addictive.

    I think the concept of "sharing" is being proselytized in this context. 

    OK, let's "share" and have a chat to understand each other's expectations ... and responsibilities.

    (Yes, you are welcome to "share" this post with your lawyer. But please be aware when you memorialize a "sharing" you also create a record that can be "discovered" and used in evidence in legal proceedings. See, I told you that you might want to have a lawyer present.)

    Now please let me "share" my thoughts on "sharing" my financial data with anyone with whom I do not have a legally-binding agreement.

    #1 I am pretty sure I have already agreed (I clicked on some button somewhere) to voluntarily "share" some of my personal demographic and financial data.

    #2 You may have noticed, like I have, that AAII specifically alerted me exactly how they intend to use the data I proffered.

    #3 I know where the AAAI offices are, the names of their executive "agents," their industry and IRS registrations, etc. Net: I am confident that I can serve them any legal papers necessary ... should this "sharing" relationship we have created ... go hinky or sideways.

    #4 I do not have a similar relationship with ANY of the 100,000 or so other AAII members. I have no intentions of change this relationship in the future. This is "the big one, Alice." (Shoot out to Redd Foxx.)  Please put as sticky note on this one.

    See, I know how to "share. It's that "financial and personal" data "sharing" thing I am having trouble with. See I "shared" again.

    Now it's your turn to "share."

    I will need the following "small acts" of "sharing" BEFORE I think about "sharing" that "financial and personal" data you are askng for.

    The easy ones

    #1 Your basic personal information - name (any assumed names you may have used in the past) and current contact information,

    #2 Addresses from your credit reports.

    #3 The same data you would provide to verify citizenship - birth certificate, social security number, any passports. and visas

    #4 A resume or curriculum vitae with 3 references on any educational degrees and certifications you proffer.

    The deep "sharing" ones

    #5 Your "financial and personal" data to include a household budget, the sources and uses of income streams, expenses, and any assets you consider as potential collateral for any future business relationships we may enter into.

    #6 References to all financial institutions where you have placed or received financial assets greater than $10,000 and notarized references from these institutions verifying the beginning and end date of all relationships.

    #7 Permission to collect and receive access to any and all criminal records you may have created here and abroad.

    #8 Any and all prior and existing business relationships you may have entered into and current contact information on individuals who had any equity in those relationships.

    See. I am a dedicated "sharing" and "fun" kinda guy.

    OK, we off to a really good start.

    I am starting to feel better about this "sharing" thing you proposed. 

    Anyone up for a "sharing" hootenanny?

    My "sharing" will be:

    #1 Bring snacks to "share."

    #2 Find a copy of kumbaya and some old Woody Gutherie tapes.

    #3 I love to sing "This Land is My Land. This Land Is Your Land." It puts me in a heightened "sharing" kinda mood

    (Except around tax time or when solicitors knock on my door. They always want to "share" something with me).

    Regards, 



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    BARRY JOHNSON
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  • 7.  RE: Sharing own portfolios

    Posted 02-13-2025 13:35
    Edited by Vinod Nair 02-13-2025 16:52

    that is a lot of words which you could have made it into a book, which could win a booker prize or a man booker prize. all i am suggesting to share is,

    a date,

    a ticker,

    a metric, which identified the value,

    probably another measure, WHY NOW ?

    here is an example of the one I traded today,

    date: 25-02-13,

    company: Barrick Gold Corporation (GOLD),

    rationale :

    4.65 Enterprise Value/EBITDA  &

    2.34 % Dividend 

    WHY NOW ? good earnings report announced today.

     



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    vNu | Boston | MA
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  • 8.  RE: Sharing own portfolios

    Posted 02-13-2025 14:56

    Vinod, I'm just curious: How long do you plan to hold GOLD?

    For what it's worth, I prefer to buy a stock on a day when it's down (GOLD is up by over 1.5% as I write this), and I never buy (or sell) based on the news of the day. Once I'm into a stock, I plan on holding it indefinitely---for as long as the company remains profitable and growing. I say this not to suggest that everyone ought to invest the way I do but to suggest that information about my transactions would do you no good, since you don't seem to have the same buy-and-hold outlook that I do. 

    Unless something awful happens to UBER, it will still be in my portfolio when my children inherit it.

    One more thing: The information I'm looking at on GOLD indicates its dividend yield is around 2.2%, not 7%. Am I missing something?



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    Rob Adams
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  • 9.  RE: Sharing own portfolios

    Posted 02-13-2025 16:43

    Rob, 

    Thanks for asking. Very similar approach for me too. I am not a trader, definitely not a day trader. I am more of a quarter trader, quarter of a trader in some sense but one who trades quarterly. I follow the quarterly reports of the stocks i hold. If nothing changes materially i will continue to hold. I also have a not-so-complex definition of 'value', more complex than AAII's model portfolio 😉but less complex that the quant models 😔. When it gets flagged as over-valued, I reduce or close. Mostly happens after quarterly reports. Yes, I always end up buying on up days and sell on down days. But it seems to be working. 

    You are right. the dividend yield on GOLD is 2.34%. Sorry for the error. I think I got mixed up fingerly with TIM S.A. (TIMB), another stock I was looking into which has 7 % dividend,  but a Brazilian issue. 

     



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    vNu | Boston | MA
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  • 10.  RE: Sharing own portfolios

    Posted 02-14-2025 11:11
    When I saw this idea, my initial thought was "oh you sweet summer child", so now you know I have read G. R. R. Martin's books. 

    Let me give you a story. 

    When I was younger, a friend of mine as his hobby raised peregrine falcons. To exercise with falcon he also had a dove cote. He had a small flock of about two dozen. He would take the falcon and a couple of doves out in the country. He would release a falcon first and then release a the doves which would start would fly home with the falcon chasing them. In level flight, the dove or faster than the falcon, and would beat us home, about 40 miles.

    I was surprised that the dove would fly home. My friend told me that as long as he didn't fly a dove more than about three times a week they would come home, but if he flew an individual bird more than that, they would say it wasn't worth it and it wouldn't return home.

    If we were to start sharing trades, it could open up the opportunity for someone to buy shares, pump them up, and then dump those shares. How often how often would this happen before you didn't fly home and just started to ignore the forum?

    I am happy that this forum and some of the others mainly discuss methodologies and ideas. As I spend more time on this forum, I get to know the personalities of the authors as they are willing to share them. And I learn a lot from some of them.

    Your mileage may vary.





  • 11.  RE: Sharing own portfolios

    Posted 02-14-2025 13:42

    hi harry - good story, better story telling and genuine concern. i don't have a clear answer for someone orchestrating a pump and dump scheme. but anyone with such designs will be better off with reddit and similar social media sites with better reach. collective wisdom works in politics and it can work in finance too. mistrust is a storm, you pass it when you sail thru it.

     



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    vNu | Boston | MA
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  • 12.  RE: Sharing own portfolios

    Posted 02-14-2025 14:58

    Vinod, collective wisdom should get you the market average, which is much more easily (and safely) obtained through index funds.



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    Rob Adams
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  • 13.  RE: Sharing own portfolios

    Posted 02-14-2025 14:57
    Edited by ROBERT ADAMS 02-14-2025 15:07

    Thank you, Harry, for an excellent story---and lesson! I think Barry was conveying a similar message in his own entertaining style. 😁

    We all have to do our own homework. Why would anyone blindly follow someone else's trades? I humbly suggest that anyone who feels the need to do that would be better off investing solely in low-expense-ratio domestic equity index ETFs.



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    Rob Adams
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