I am a firm believer that the absolute amount doesn’t matter and my tiny portfolio should be run as if it was a million dollar one. The only question is, is the effort worth sgx 1 lot forex reward? I think it is, because I am still learning.
So the percentage gain is what that matters to me, not the dollar amount. I could be a pompous ass and say, “Ooo, look at me, I pocketed 21 years of income! I think we all know what sort of trade this was. It was an opportunistic dumpster dive. This clearly isn’t a yield stock, it only has 3 years of dividend history and a paltry current yield of 1. Therefore, this is a stock for capital gains. Believe me when I say that I do want to be a long term investor.
However, when I see such gains on the table already, gains that I was only expecting a few years down the road, I take it. And honestly, I am okay with that. I don’t need to have tons of multi-baggers to have a good portfolio. 20 others make up the rest. However, this isn’t how I would like it to be like.
I would like to change this if I could. Unlike most of the people I’ve seen running tight ship portfolios, I just find it too scary that my eagle eye focus and analysis on those companies might be wrong and that it blows up in my face. Personally, I would love for my portfolio to be made up of maybe 50 or more stocks and they all only hold a small percentage each. I don’t believe that I am smart enough or have the time to closely watch a handful of stocks. I rather watch the big picture and don’t look at individual names too closely. Therefore, snagging a multi-bagger only affects me a little.
I want to have a strong all-rounded army throughout all the ranks, not a few superhero generals to do all the fighting. I am loosening my reigns looking for the perfect stock. I rather have a big group of almost perfect stocks, than a small group of perfect ones paid at perfect price, that could turn imperfect anytime. That’s some pretty crazy gains there! Thanks B, I wasn’t expecting such gains in such a short period of time! I’ve been in a very sell mood lately, rather than a buying one! It has been prepared without taking into account your objectives, financial situation or needs.