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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (74751)	1/1/2024 6:24:14 AM
From: Harshu Vyas	Read Replies (1) \| Respond to of 78774

You're right and I do agree. But the advantage of a small portfolio with only 1 or 2 stocks is that the fluctuations can go in my favour, too - and if those fluctuations go in my favour more often than not, it's doable. Of course, there's a chance of zero fluctuation at all but that's also ok, but unlikely. The companies I do choose usually have some sort of medium term catalyst and lots of negative press - CUTR (turnaround, remarketing of AviClear), JRVR (sale of reinsurance business and focus on E&S business), WWW(asset sales and refocus). To be clear, I only own a significant position in CUTR right now. In the last month, my portfolio has bounced back 35% through portfolio concentration after Paul Sr put certain things in perspective for me. (Granted, I was lucky, to an extent, due to market tailwinds/flows finding their way to microcaps). I made many mistakes in the first half of 2023, too and, when I think about it, it's a miracle I didn't blow up my whole portfolio. Sounds terrible, but if I do blow up my portfolio I'll be financially ok and I'll stop and I'll do something else. Eventually, I'll either realise that the stock market is/isn't for me. But it's always worth a try and I've learned quite a lot in the last year. I (think I) understand accounting and basic business principles. Sure, maybe starting my own business interests me. I don't know how everyone else navigated their first year of investing but if anyone substantially got it from the get-go and maintained it, well, kudos! You're better than I! As I maintain, if I can work this out looking at micro-caps I'll utilise my savings. But I have to be sure I know how to do it consistently and sustainably! As for the 50%, it's a goal. I'm not thinking about it too much and it doesn't affect the way I pick stocks. I just realised after conducting an analysis of my portfolio this year that 50% was on. But I made way too many mistakes outlined in another piece. Other people on this thread have a diversified portfolio and have to, to an extent, play a slightly more defensive game - perhaps they have kids or a family to provide for. Me? I'm just doing it for myself - and for fun. No pressure at all. Wishing you a prosperous New Year, Spekulatius! Kind regards, Harsh Vyas