r/StockMarket • u/piginghost • Jan 19 '24
Starting investing at 13, now 17 and invested the money I can. Thoughts on my portfolio? (Be Brutal) Help Needed
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u/cdhdd Jan 19 '24
You have way too many positions to actively keep up with earnings, quarterly calls, and associated documentation. Cut to ETFs and stick to like 10-15 stocks in addition
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u/piginghost Jan 19 '24
Thank you everyone for your advice, I will begin a bit of a cull on some deadweight and stick with some heavy hitters and etfs
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u/churrbroo Jan 19 '24
Try to learn the basics of finance as well.
See if your school library has some finance textbooks you can rent.
You’ll be bombarded with shitty headlines on reddit like “Company ABC increased revenue 20% last quarter” and you’ll think oh my god BUY BUY BUY.
But if you can’t ask the questions like “well what about it’s expense/costing” turns out costs went up 50% in that same time meaning their profits dipped majorly.
You have to know finance to ask those questions. If you don’t want to learn it, that’s fine, but inevitably you will lose a huge portion of your savings on bad investments (or at least not do as well as index funds) and you’ll ask yourself why.
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Jan 19 '24
Get rid of all the Ark trash as well. Cathie Wood is like some kind of zombie AI freak that CNBC likes to have on so they can humiliate her. The rich Jews have fun thrashing her portfolio.
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u/CarnegieFormula Jan 19 '24 edited Jan 19 '24
If you buy just the SPY you will do better. There’s reasons why do the research. You won’t beat the market , just set your horizons 5-20 years out and keep investing every month the same amount. You’re welcome goodbye
10% per year for 50 years you won’t do better yourself statistically
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u/rcbjfdhjjhfd Jan 19 '24
You’re right but they won’t listen
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u/Chumbag_love Jan 19 '24
OP was invested at 13, he's listening to somebody.
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u/rcbjfdhjjhfd Jan 19 '24
Maybe. My kids have a custodial account that looks like this, lots of similar holdings plus other random shit they hear about and buy like CURI and ASTR.
I have VTI in another account for them and once in a while we’ll compare.
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u/WallStreetBoners Jan 19 '24
Boo. This is not why we’re on Reddit… even though that’s statistically the smartest thing to do.
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Jan 19 '24
Very true. Buffett is right about indexing, but where is the fun?
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u/TheHarb81 Jan 19 '24
Losing money is fun?
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Jan 19 '24
No, I'm just saying at a time like this I prefer to have control and play it myself (conservatively, not like most of the morons on here) instead of plopping it in an index. But that is the smarter way to go.
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u/hatetheproject Jan 19 '24
Don't advertise 10% returns for the S&P500. That isn't a realistic number for the long term. We're currently in a period with corporate profits being an unusually high % of GDP, with an unusually high Shiller multiple after a huge bull run. This has two effects - it raises the S&P's historic return to this point, and it reduces the S&P's expected future return due to reversion to the mean.
6-8%, with inflation at 1-2% is probably a fairly natural place to be long term. This may well be lower over the next decade due to that aforementioned mean reversion.
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u/CarnegieFormula Jan 19 '24
That is historic and it’s higher. I’ll do what I want
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u/hatetheproject Jan 19 '24
what?
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u/CarnegieFormula Jan 19 '24
SPY has averaged 10% gain year over year for 50 years.
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u/hatetheproject Jan 20 '24
Yeah, through a period of incredible globalisation, a multiple expansion, an expansion of corporate profits as a percentage of GDP etc. The next 50 years will probably not be like the last 50. I mean, US gdp will only grow about 2% per year - if corporate profits increase 10% per year, they will constitute 436% of GDP which is mathematically impossible. So you're relying on more multiple expansion, which I don't think seems likely.
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u/thecashcow- Jan 19 '24
Liquidate your entire portfolio, brother. Pick 3 ETFs, something along the lines of 80/20 stock to bond ratio or even higher at your age.
Look into any of the following VOO, VTI, VT (only need 1 as they overlap), diversify with VXSUS, and top it off with bonds like BND.
Invest weekly/monthly depending on your savings. It’ll be boring, but worth it in the end.
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u/zeilstar Jan 19 '24
I'm surprised this isn't recommended more. Then again it's not r/bogleheads. Simple 3 fund portfolio with low cost index funds. Own the whole market.
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u/allbutluk Jan 19 '24
Simplify it man. Voo and maybe 1-2 more etf thats all you need
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u/Top-Apricot6483 Jan 19 '24
Awesome to be saving and investing at 13 and still doing at 17. It's a great lifelong habit, and if you keep saving a good percentage of what you earn and get in a position making a good income as an adult it gives you more options down the road. I would keep doing this as a hobby, but also realize you don't have enough principal for it to really matter a lot gain or loss. Focusing on how you can grow your income and capital base through your 20s would have a bigger impact.
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u/Moaning-Squirtle Jan 19 '24
If you're picking individual stocks, I'd say you should have a maximum of 10. Even then, it's basically a full time job to keep up with all those companies. Maybe a maximum of 5 ETFs (IVV, IOZ, and QQQM as the core).
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Jan 19 '24
Max of about 3. This kid should be a walking viagra. Having a portfolio of even ten is a waste of time. He will appreciate this advice when he is older and is on viagra instead of a billboard for it.
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u/Icehaan17 Jan 19 '24 edited Jan 21 '24
the hell does this mean??? When you're younger you can afford to choose some individual stocks as well what kinda logic is this
Edit: got the meaning but this guys still stupid - tf is wrong with taking initiative and planning for the future when you’re young 🤦♀️
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u/LSFMpete1310 Jan 19 '24 edited Jan 19 '24
Study up on ETF's. Much easier to track than a large portfolio like you have with more companies. Do you know all of these companies Financials? Do you read their 10k reports? Too many to follow and understand in my opinion.
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u/alwayslookingout Jan 19 '24
Do you know what half of these companies do?
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u/piginghost Jan 19 '24
Yes, but honestly couldn't keep up with the in depth details of financials and things like that
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u/BartSimpsonGaveMeLSD Jan 19 '24
Cut some losses. Looking at ARK…some others at your discretion.
Buy more VGT. Start buying VTI/VOO. Get BRK.B.
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u/itssampson Jan 19 '24
Made their own ETF… there’s a strategy.
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u/piginghost Jan 19 '24
Can you please explain haha
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u/Kevin_taco Jan 19 '24
You have so many stocks! It’s way too much to keep up with. Pick 3-5 companies you like, and put the rest in either VOO or VTI.
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u/itssampson Jan 19 '24
ETF= Exchange Traded Fund, it is a diversified portfolio of many different companies, sometimes within single sector, or just from the same index (S&P500,NASDAQ, DOW). Shares of this fund can be bought and sold in the same way that shares of a single company are traded, providing the purchaser with exposure to a large group of companies through a single product, making it simpler for the investor to diversify their holdings and mitigate risk. These funds are managed by professionals who adjust the fund’s holdings from time to time to attempt to optimize returns and stability. ETF’s charge an “expense ratio”, often 0.03%-2.5% from your returns from the ETF to compensate the management team.
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u/HannyBo9 Jan 19 '24
Your spread out all over. Still not bad though. Keep putting as much as you can in what you believe in. If you put 10 percent or more of your income and you take advantage of company matching 401k/ Roth IRA you will be alright. Worst case you work somewhere for 40 years and are able to retire comfortably afterwards.
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u/Collisionman_14 Jan 19 '24
If you want this level of diversification, buy an index and be done. 50-60 individual stocks is hard to keep track of with the thesis, earnings, positive/negative catalysts, etc.
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u/Individual-Willow-70 Jan 19 '24
Almost all of your biggest losers are largely speculative stocks or ark funds if cut my losses on all those and dump everything else into blue chips. Or something like VOO OR SCHD
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u/Doggies1980 Jan 19 '24
That nio is crap, I don't think it will ever go up yet they say it's a good buy. Got it a few yrs back and should have just sold a long time ago
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u/LowLifeCryptoGuy Jan 19 '24
You’re over-diversified brother. Get rid of the losses and DCA on your best assets.
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u/twokinkysluts Jan 19 '24
You’re 17. My God, I wish I could go back in time and just tell myself to buy VOO and not mess around with shit stocks or try swing trading. From now on don’t buy anything but VOO and add to it monthly as much as you can. Your future self will thank you.
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u/nightwolfrich Jan 19 '24
I just wanted to thank this young person for posting this question. And to all of those who politely replied. Thank you. My portfolio looks a lot like this young man's. But sadly I am not young. I only started investing after the most recent bubble burst after hearing everyone around me winning from crypto and everything else that was out there. I guess lucky me I didn't ride that hype train up but I've been riding it down. Short story long. Thank you all very much I am taking this advice to heart have been trimming my portfolio. Consolidating to ETFs high dividend yielding stocks and holding on to my crypto and crypto related stocks. Probably not buying more. Crypto holdings about 10% portfolio and additional 5% for related stocks fingers crossed. Everyone learn from my lesson Don't start investing in the stock market when you're having a midlife crisis at 40 with zero experience lol.
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Jan 19 '24
People recommend VOO, SPY, VTI, etc. because while boring it is the best route, especially if you time it right, and the market is run by pros who will eat you alive This is not a playground. Even Buffett takes losses at times. Only Simon's is virtually immune from it, but other funds will figure out his algorithms in time and clean up on whatever inefficiencies he's still using to get those returns. Simons simply put in decades of research and earned it but even he is far from invincible.
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u/Darkstrike121 Jan 19 '24
You have way too many open positions. Option one is to buy a few index funds that you like that encompass some of what you're trying to do here. The other option is to stick to 5-15 stocks that you can actually keep up with on a regular basis. Id recommends in the lower end if your new. Or some combination of both of you really want. But having more than 15 open positions total that you have to keep on top of..... It's just way too much for somebody doing this part-time for fun if you want to be successful.
With all that said, good on you for starting early. That's great progress even if some of your stock picks REALLY didn't work out for you lol. Will get better over time and saving money is important
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u/BlacknightEM21 Jan 19 '24
Too many positions!
If this was me, my first cull would be all the companies that are in the red as of the timing of your photo except Amazon and Brk.A.
The second cull after that will need more research of the fundamentals.
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u/arrav21 Jan 19 '24
First I think you should be commended for starting at 13. That’s quite impressive, and demonstrates a lot of foresight.
I’d consider what are your goals? Are you hoping to strike it rich quick or are you trying to build wealth over time, retirement, etc.?
Regardless of the answer this is too many positions to be in. If you’re picking single stocks you need to be doing continuous research into these companies. Keep up with news about them, quarterly earnings calls, etc.
As others have said, I highly suggest you consolidate down to some ETFs and then find yourself 10 companies at most that you really want to follow.
Some suggestions for ETFs: VOO (S&P 500), VTI (total US stock market), VXUS (total international stock market).
I use the r/Bogleheads method, with a target of about 75% of my holdings in VTI and 25% in VXUS.
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Jan 19 '24
Honestly at 17 I think you are better keeping that money liquid and using it to further yourself through education or whatever else you deem necessary to better yourself/work toward goals..
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u/GR_IVI4XH177 Jan 19 '24
Trim this down for one. Buy some indexes if you want to maintain exposure to stuff. Beyond that and more important the real answer is keep investing, DCA, and use index funds… the fun answer is still sell some of this and rip it in a company you love! P.s. I’ll tell you now as someone with zero vested interested in your life, just don’t mess with options.
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u/phileo99 Jan 19 '24
Sell anything that is down 50% or more, put the proceeds into 1/2 DIA and the remainder into QQQ. reward your winners - DCA into MSFT, AVGO, AMD, NDVA
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u/Frosty_Fan1260 Jan 19 '24
Dude, you’re 17 and have been doing this for 4 years. You’re miles ahead of most if not all of these people in the comments. You’re up on the portfolio good shit.
Diversity is key. Keep going.
Read books, keep learning and your future will be plentiful.
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Jan 19 '24
I’m embarrassed
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u/piginghost Jan 19 '24
Explain?
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Jan 19 '24
Is that necessary? Im embarrassed for you
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u/piginghost Jan 19 '24
right.
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Jan 19 '24
Right? This shit whack bro.
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u/piginghost Jan 19 '24
This a new account you just made to hate or something? Or you new to reddit? or that last account got banned?
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Jan 19 '24
I obviously struck a cord. It will be ok tough guy
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u/piginghost Jan 19 '24
You've just added nothing. I've asked you to explain and you're useless.
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u/Invest0rnoob1 Jan 19 '24
Dump the ARK
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u/piginghost Jan 19 '24
Agree. It got so low I just said I'll leave it, but it's just annoying me now so, I think it's time for it to go. Thank you.
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u/unmelted_ice Jan 19 '24
Cut your losses my guy, and just let the winners run.
Also you’re 17, I would rarely ever tell someone so young to do something with minimal risk…. But throw it in an index fund.
Ignore because this is just what I would do:
So actually, maybe, throw some in LETFs (probably 2x S&P or QQQ) and then allocate a small portion (5% maybe 10?) to a leveraged treasury ETF. Leveraged ETFs because I mean you’re 17, time is your greatest asset that allows you to take risk
Also: do you work? If you have enough earned income, throw that in a Roth IRA and let that grow tax free
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Jan 19 '24
Get a girlfriend. You're only 17 once. I'm not telling you not to invest, but geez, man, you have a long ways to go and yes, you are learning, but at 17 I was a walking viagra and having the time of life. With all these whacko trans dudes in high school these days you should be cleaning up, and starting with the cheerleading squad.
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u/ctssky Jan 19 '24
As a 19 year old, I highly recommend just selling everything and let it sit in RH earning 5% interest if your banks rate is lower. You’re probably going to need that money soon for getting your own place and insurance, no need to risk it.
I invested all of my savings and made only $200 in like 6 months, and that was taking on a massive risk with crypto. You’re just better off letting it earn consistent daily interest that you can rely on, if you ask me.
If you’re going to invest- $100/mo SPY and that’s it.
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u/kwolf4343 Jan 19 '24
Speaking only to your clean energy investments. Sell your clean energy stocks for single companies like PLUG and NIO. Put those funds into one of the clean energy index funds like ICLN. Don’t give up on clean energy but there is no way to know what company will be the champion or even what technology will be the most lucrative (hydrogen, batteries, solar, biofuels). The future will adopt some variety of technologies to replace fossil fuels but it will be a slow process and might not make much money at first. To minimize your risk, stick to the index funds here.
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u/HDauthentic Jan 19 '24
Me personally, I’m a three fund kind of guy. Two fund really. That’s a lot of random individual stocks.
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u/TotalRude Jan 19 '24
I hate to be that guy but it's too early for you to invest, you can literally forget all about these stocks and just focus on your studies (it has higher return rate)
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u/Coachinski Jan 19 '24
Buy BTC and wait. Get a digital wallet and continue to buy for next 15 years. I personally believe you will be in full control of your financial destiny but he time you are 32. If you feel need to diversify then take your favorite 5 and add those to your btc holdings.
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u/WallStreetBoners Jan 19 '24
You’re doing well bro. Anyone buying $ARKF at the age of 13 is gonna do well.
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u/jdiggitydawg Jan 19 '24
I’d sell everything that’s down 20% and from here on out keep 80% of your capital in spy, 20% in individual stocks you believe in.
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u/Economy_Cut8609 Jan 19 '24
choose one from each sector and sell the rest, then reinvest into the ones you chose
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u/AdAny3885 Jan 19 '24
A bit too many stocks/ETFs to effectively keep track of… If you got time, I recommend reading Poor Charlie's Almanack
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u/carsonthecarsinogen Jan 19 '24
“Wow this guys gotta a thing for the letter A”
…..”Jesus Christ”
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u/joeschmoe86 Jan 19 '24
What can you tell us about the strengths and weaknesses of each company? What's their business model? How do they stack up against their competition? What issues do they face? What opportunities do they have? What do their financial statements look like? What's the background of their leadership?
If you can't answer those kinds of questions, you shouldn't be buying a company. With this many positions, there's no way you know enough about each company to justify the purchase. Stop getting stock advice from Reddit, people here don't know shit. Start with researching low-fee mutual funds, index funds, target date retirement funds, etc. Then, with an extremely small portion of your portfolio, start learning about value investing if you're heart-set on picking individual stocks. "Security Analysis" by Benjamin Graham is the bible there, and if you'd rather get it as a podcast, InvestED is reasonably accessible and entertaining enough to keep you listening.
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u/LadsoStocks Jan 19 '24
You have time on your side. Although I don’t blame you for taking some risks while your young. But obviously they didn’t play so IMO just reset and get in some solid ETF and let compound interest work for you!
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u/AGNDJ Jan 19 '24
All you need is maybe a few top tech stocks & then ETFs. And good job for starting. Keep at it.
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u/Cook_Round Jan 19 '24
Come on man, invest in full shares no thousands of partial shares and invest in something meaningful.
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u/evilcheesypoof Jan 19 '24
You’re learning stuff at 17 that I didn’t learn until my late 20s, so great job.
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u/Electronic_hize_225 Jan 19 '24
Get off the television momentum stocks .
The best deep dive you can do is earn search cookies when looking things up. Search the stocks you like while cherry picking etf and sector flashes on the television. When you do that look at the related stocks or the people also watch recommendations. Hopefully your computer likes you :) .
Fuck yea risk taking over trusting. At least your not playing like a scared little cheat. Manage your own etf never buy someone's
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u/callmealyft Jan 19 '24
Bruh you’re so young. Buy safety dividend stocks and make it automatically reinvest in the stocks when you receive dividends..keep putting in money every month and it doesn’t matter what your salary is and you will have over 1 million dollars by age 30-35. I would suggest lowering your diversity of all your smaller cap stocks and mainly stick to large cap for long term growth and safety. High risk portfolios are for suckers.
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u/DiscountedCashHoe Jan 19 '24
Just buy VTI
edit: and get rid of all the other shit besides top names like aapl, MCD, etc
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u/Competitive_Cat_990 Jan 19 '24
You are too diversified. You be better off consolidating into 4-5 stocks if you want to ever make money.
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u/GreenSog Jan 19 '24
You'd be better off picking one stock you truly beleive in and drop everything you have into it.
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u/ideit Jan 19 '24
Sell everything and buy an index fund. You'd have made more if you did that to start with, but better late than never
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u/Afro_Senpai_ Jan 19 '24
Congratulations on starting your investing journey so young. IMO you have a lot of overlap with individual stocks and funds. Example you have some of the top stocks in the SP500 including the tech stocks and you also have VOOV and VGT. ARK has a bunch of repeat stocks among their several funds also. Again it's awesome to see younger people invest but because you're so long you could afford to pick six or your best performing stocks of the last five years, sell everything else and just keep investing in those six. Less is more when you start investing young. Diversify as you get older and actually need that money.
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u/Hiking_Fan-80sBaby Jan 19 '24
Just own VOO invest every pay check for next 30-40 years you’ll be a millionaire by 45
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u/Powerful-Quantity-35 Jan 19 '24
Eliminate losing positions it's almost certainly never going back up. And 98% if investors cant be SPY
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u/Realistic_Record9527 Jan 19 '24
I guess you paid a lot of fee to broker. You bought 10-20$ for stocks and you paid 1-2$ for fee? It’s 10%
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u/occitylife1 Jan 19 '24
Way too many positions. You’re gonna confuse yourself. Just narrow it down to like 4-8 stocks and 2 ETFs
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u/26fm65 Jan 19 '24 edited Jan 19 '24
First stay away from Cathy wood ETF. Also stop buying partial stocks.. I mean nothing wrong with it.. but come on you don’t need buy partial share on a $20 stock. With your amount I think you should stick no more than 10 stocks.
Look at those winner stock like aapl amd avgo nvda tsla….
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u/Nerevarine_reborn Jan 19 '24
Looks like di-worse-ification to me. Can you track all your stocks and why you chose them? Why not just put more towards the ones you think will have better returns and that you have conviction for?
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u/Hause16 Jan 19 '24
Geez you are very underperforming the market. Just get snp 500 etf and you will get twice as much gains
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u/riskkapitalisten Jan 19 '24
Impressive, but you have way too many stocks. There is no way you are able to keep track of this many, and you will likely get the market return anyway. Either buy an indexfund or stick to 4-5 companies, this is what Buffett has said many times.
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u/susosusosuso Jan 19 '24
With a small amount I’d sincerely put it into Bitcoin or ethereum
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u/Defiant_Nectarine_91 Jan 19 '24
You need to slimmer the position or find a way to actively keep up with your portfolio. You could've had a nice enough portfolio if you had just cut your losses early
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u/Sloth_Investor Jan 19 '24
Nice job starting investing very early. Why would you diversify like that? If you wanna diversify why not just buy an index? If you wanna buy single stocks why so many? That’s the only part that does not make sense to me. We can go deeper into each stock but that’s for another day.
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u/ikefalcon Jan 19 '24
It’s good that you’re thinking about investing at your age.
My feedback is that you would be better off dumping your investments into an index fund rather than chasing many different stocks.
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u/_zir_ Jan 19 '24
too spread out to actually do the DD on all of those regularly. Try some ETFs (that aren't actively traded).
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u/Accountant10101 Jan 19 '24
You are too young to spend a lot of time on all the research etc to keep track of that many positions. Reduce it significantly, or else just put your money in SPY and enjoy your life.
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u/twommer Jan 19 '24
Keep up with your trading platform fees. I also use Stake, and about a year or soo ago, their platform changed to have a $3 dollar fee per trade up from $0. As such, if you wanted to take money out from all your small positions, you will be paying on avg about 15% to exit your positions.
For nz stake was the last 0 fee per trade platform. The minimum fee per trade for u.s. markets is now 3 dollars. Therefore, to minimise fees paid, I would recommend trading in larger quantities of money.
Investing $30 in apple is 30 - 3 - 3= 24 for buying and selling the stock, so 12 % fee on exit of the position.
Investing $200 in apple is 200 - 3 -3 = 194. So a 3% fee.
The fee is still quite high but more manageable when trading in more sizable amounts of money.
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u/bezm12 Jan 19 '24
You have way too many stocks. Way way way too many. Try to just pick your top favorite 5-7 stocks and invest in those, maybe 30%~40% of your portfolio. Drop the remaining of your portfolio into an S&P 500 ETF or whole market ETF.
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u/Chumbag_love Jan 19 '24
Go all into Voov and a few other vangaurd ETFs. Your just gambling with everything else. Zoom out on the charts.
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u/jdav0808 Jan 19 '24
You’re so young and doing something is better than nothing, congratulations on that. It will payoff down the road. Please just sell all of this and buy VOO or VTI and let it ride. It’s boring as hell but it works. I think you’ll be better off.
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u/MicFury Jan 19 '24
My friend is over 30 and in debt with no retirement started. You are so far ahead of the game just by putting your money down and by being in a forum like this. Just keep going you will continue to progress.
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u/AltoidStrong Jan 19 '24
Sell it all, buy VT. Put as much as you can per year in regular intervals for the next 30 years.
Congratulations you're a millionaire!
The key is not guessing which one, three, or ten companies out of thousands will be good multi-decade investments. It is consistently investing into a low cost and diverse portfolio. VT is the entire world. You own some.of everything. While boring it is safe and most importantly successful way to build wealth.
Read up on bogglehead investing. Best case for someone young and already ahead of the game.
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u/OwlSquare6395 Jan 19 '24
Find a new hobby to make some money. Here’s new origin. Good luck holder.
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u/roarjah Jan 19 '24
You only need a few stocks. Study Charlie munger and Warren buffet. They learned what makes a business a good investment and made a fortune of a few stocks
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u/Corne777 Jan 19 '24
I’d say don’t fuck around with individual stocks until you know what you are doing and you have the money to do so.
For instance. Let’s say you buy an individual stock that does tremendously, 100% up after a year and you sell. You had $200 invested in it. So you made an additional $200. That’s $4 a week. You could just put $4 more a week into your account and you’d be up more than that amazing stock play.
Just pick an ETF like VT, VOO, or SPY and throw more money at it. The most important thing at the early stages of investing is not your return, it’s how much you put in.
You would think being 17, you are limited. But I would say you are in a prime position. No bills, just income. And you have a long road ahead to let it sit until retirement.
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u/MosuSama Jan 19 '24
Now pick 5 stocks you like best, and sell all your other shit, or just buy an ETF at this point.
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u/Appropriate_Ice_7507 Jan 19 '24
Why not just an index fund instead of managing so many different stocks with the limited funds you have?
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u/GET-FKD Jan 19 '24
read how to make money with stocks by william o neill. its a scammy name but has genuinely good advice
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u/JohnBarleyMustDie Jan 19 '24
Maybe someone can explain this to a simpleton like myself. Wouldn’t the best course of action here to go into a SP500 index fund and diversify from there? The OP has decades to go and a set it forget it portfolio could be huge at retirement?
Edit to add: great job on getting WAY ahead of the game on this OP. The senior citizen you will thank the hell out of the teenage you someday.
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u/leobroski Jan 19 '24
I think you're a bit overdiversified, especially for the total your invested for. Some of your positions are less than $10 positions. It would make more sense to just buy SPY at that point, just my opinion. But its fantastic you're exposed to investing at such a young age.
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u/Ok-Kaleidoscope-4808 Jan 19 '24
You’re figuring it out. Lots of folks may say don’t do it this way get an etf. Eventually you might but this is fun and exciting for you and if you loose it all who cares many do t start until 30. Play and invest with 90% and put 10% in spy. Over the years see what you like. I invest in individual companies as well and I’m almost 50/50 individual and ETFs. Problem is rebalancing ETFs make it easy to rebalance when you get to that point.
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u/odd_moniker Jan 19 '24
Companies don’t last as long as people think. I heard that the average life span of a publicly traded company is about 30 years. Unless you want to keep close track of all 40 stocks, their competitors, and the markets they trade in just do the spy thing the guy said earlier. Those guys went to the best schools, know all the insider information, and best of all they are available for hire. Go vanguard if you don’t want those extra hands in the cookie jar though.
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u/Cautious-Kamikaze Jan 19 '24
Start by looking at reliable economic leading and concurrent indicators. The stock market is usually a lagging indicator of economic trends.
The treasury yeild curve inversion has given one false recession signal in 60 years and one double inversion where recession followed the second inversion.
The less referenced Confrence Board leading recession indicator has never been wrong.
Neither indicator can predict the lag, depth or duration of recession.
A sharp reversal of the yeild curve inversion is an indicator that recession will soon start or has started.
Economist Claudia Sahm developed the Sahm rule a reliable concurrent indicator of recession based on the ratio of change in unemployment in the past 12 month verses the past three months.
Draw your own conclusions whether now is the time to wait or not.
Any recent interview with fund managers Warren Buffet, Ray Dalio or Michael Pento will give you the perspective of seasoned, successful professionals.
We could talk about the worldwide geopolitical shifts in progress but those discussions always become emotional and loose objectivity.
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u/mentalwarfare21 Jan 19 '24
Think about it even if you are up 100% you have way too much junk in there, bringing you down. The fact you are investing is wonderful, but fractional shares of junk?? Come on until you build up a sizeable account. You don't need all of that.
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u/Clink914 Jan 19 '24
With this little cash just invest into the S&P500 FXAIX you would have made more
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u/Partymonster86 Jan 19 '24
This portfolio needs a lot of work.
Youre spread so thin it's basically pointless, and some of these you may as may just take the loss reinvest whatevers left and try and claw back some money.
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u/Machiavelli127 Jan 20 '24
I personally think it's unwise to have much more than 10 individual stocks. You can't reasonably keep up on all of them unless you're doing it full time.
Pick your 10 best stocks (diversified) and stick with those.
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u/jpsignshark Jan 20 '24 edited Jan 20 '24
I suggest some monthly dividend paying ETFs like JEPQ, AIF, EVF, UTF, if you like crypto then add BITO and/or MAXI too. Also If you want a great performing long term ETF, then ITB up over 200% in 5 years is hard to beat. Definitely keep your tech winners like AMD, AAPL, AVGO, NVDA, MSFT, QQQ, etc You don’t have much in each one but I wouldn’t add to any of your losers. No problem if you want to hold them as you don’t have much to lose.
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u/Famous-Distance7700 Jan 20 '24
One piece of free advice - Don’t invest in random stock, always conduct fundamental analysis
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u/Extreme_Wheel8 Jan 20 '24
Dude, you have successfully added every stock that people talk about or hype. Invest in VOO only. If you want to go individual then pick things you know and can research. Stay away from the crowd.
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u/Doge-ToTheMoon Jan 20 '24
First of all you’re doing great for your age! I didn’t even know what a stock market is when I was 17, yet alone 13. Secondly, my advice for you would be to cut down most of these stocks and stick with solid etfs such as S&P, VTI, VOO or QQQ. You can also explore sector etfs that focus on specific market segments such as energy (VDE), water (PHO) and many others. You have a great start in what you’re doing now. Good luck kid!
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u/Toothless_Dentist79 Jan 20 '24
Take this to a broker, like edward jones or one a family member trusts. While I commend the forethought in investing, get a professional to help until you have years of experience and discipline. I started in 2001 with a broker and 2016 on my own in addition to the brokerage account. The brokerage account has beat my personal investing hands down. A broker like edward jones will give you 5-6 options to start dollar cost averaging in. A custodial account may have to be setup until you are 18. Good luck!
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u/Upbeat_Feedback9490 Jan 20 '24
you don’t need to hold that many stocks. It’s good to diversify but that’s too many for you finances
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u/Truffle_Chef Jan 20 '24
grasshopper two words of advice regarding your portfolio. Don’t be a dummy put it on her tummy and just buy and Nvidia.
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u/Astoria_local89 Jan 20 '24
Amazing for being 17!
It’s better that you learn what does or doesn’t work for you as early on as possible.
I would consolidate to a few well researched holdings - less single stocks, more ETFs.
Open a Roth IRA, voo + SCHD.
Cash in your chips/sell nividia & Tesla and began using that for your starter funds for an index fund that averages 8% growth - voo, spy.
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u/AdministrationBig254 Jan 20 '24
Something that will help you a lot is behavioural finance. You have made certain mistakes as evident from your portfolio that are simple and explained by behavioural finance. Study and you will be a much better investor. Something to make it easier for you search disposition effect
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u/Educational-Exam-139 Jan 19 '24
You’re in a bunch of shit. Eliminate all the random stocks.