Originally Posted by EPodolak:
For most of the rest of us Buffett has maintained that not trying to beat the market is what pays off long-term.
"In a 2017 CNBC "On the Money" interview, Buffett suggested that investors "consistently buy an S&P 500 low-cost index fund... I think it's the thing that makes the most sense practically all of the time." At his annual meeting in 2020, he said, "In my view, for most people, the best thing to do is to own the S&P 500 index fund."
This little game we're playing here is proof Buffett isn't wrong. And we could be shuffling stocks in and out of this portfolio and the results would be the same if not worse. [Reply]
Originally Posted by Hog's Gone Fishin:
This little game we're playing here is proof Buffett isn't wrong. And we could be shuffling stocks in and out of this portfolio and the results would be the same if not worse.
CVNA might be our worst performing stock in the portfolio right now, but I still know that if management executes well, they can reach that 2.5 million cars per year goal rapidly.
And I have done analysis to determine what the resultant cash flow would be, and therefore the value of the company. Note that I didn't say price of the company. Wall Street doesn't know how to do basic math. They are so lost in their short term game. [Reply]
Originally Posted by Nightfyre:
CVNA might be our worst performing stock in the portfolio right now, but I still know that if management executes well, they can reach that 2.5 million cars per year goal rapidly.
And I have done analysis to determine what the resultant cash flow would be, and therefore the value of the company. Note that I didn't say price of the company. Wall Street doesn't know how to do basic math. They are so lost in their short term game.
Originally Posted by EPodolak:
For most of the rest of us Buffett has maintained that not trying to beat the market is what pays off long-term.
"In a 2017 CNBC "On the Money" interview, Buffett suggested that investors "consistently buy an S&P 500 low-cost index fund... I think it's the thing that makes the most sense practically all of the time." At his annual meeting in 2020, he said, "In my view, for most people, the best thing to do is to own the S&P 500 index fund."
It makes me feel like a bit of a curmudgeon, but that's the philosophy I've chosen to adopt. It also makes market swings much less stressful. When your approach is just to keep feeding your portfolio no matter what, downturns are just numbers on a screen rather than something you have to adjust your planning around. [Reply]
What I've been doing is targeting the decliner section and looking for 20% plus decliners, then I go to stocktwits and see what the sentiment is. You can tell pretty quickly if the sell off is an over reaction. If I get that feel I grab it an set a sell limit at 10%. It's been working pretty well. [Reply]
What I've been doing is targeting the decliner section and looking for 20% plus decliners, then I go to stocktwits and see what the sentiment is. You can tell pretty quickly if the sell off is an over reaction. If I get that feel I grab it an set a sell limit at 10%. It's been working pretty well.
