To: Sean Collett who wrote (74683 ) 12/29/2023 10:33:00 AM From: Paul Senior 2 RecommendationsRecommended By Harshu Vyas Sisyphus
Read Replies (3) | Respond to of 78764 Harshu: 50% possible, doable imo. Conditions: 12 trades per year, $3500 portfolio, goal: 50% gain in in portfolio by end 2024. Ramble: Some ways: One or two stocks carefully chosen: Stick with them for 50% gain, then sell. Especially if they rise early in 2024. But then you have another problem. Goal met, but what to do with the cash? Bank it. Risk losing gains by trying another one or two stocks? Or ride them if they seem like going even higher Or talk yourself out if they rise 30% quickly. Or move out if they don't move for 3 months? Try again with something else. Problem: If you have chosen more than a few stocks, then you've diluted the gains if one does really well (and you held on to it), The others still might have to do moderately well to achieve overall 50%. If you sell a stock and "only" make 35% and have several stocks, you have to find another stock that will do better or else place more money into a stock already held with better prospects or showing better results. Time is an enemy, I believe. If a stock bought is so obviously obviously undervalued but it's not moving up in price, or even if it is, you have to hope the market recognizes your price goal and moves to it soon. How soon? If you buy it and it's not moved up much in 3mo or 6mo, what do you do if you're trying to garner gains with it by year-end? I wonder how Buffett would do it? Use his rolodex to get good tips/information? Search through the stock market like he did when he was 25? Maybe I misunderstand: He would make 50% per year, but that would be over a several year timeframe so as to let some of his picks work out for him?