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Post by brosin on Aug 15, 2010 18:43:40 GMT -5
**The basis for my IRA strategy is that I find companies that I believe have unlimited potential in the next decade or so. It was more luck than anything else, but my $1000 in a new IPO for CME made me over 1500% as the first stock I ever bought**Spreadsheet is completed IRA HOLDINGS
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Post by brosin on Sept 9, 2010 0:09:51 GMT -5
Gotta be able to have the will power to stick to my plan either way, otherwise how disciplined am I? Ok so I started this in Feb 09 (lucky with the timing but I just did not think the world was going to end *and* wanted to hedge my trading account (heavily short biased) which was increasing by leaps and bounds through the market crashes and subsequent rip roaring rallies (remember that 1000 point up day?). I was lucky enough to time most of those right, with the few wrong footed days being awful of course as we all experienced I'm sure (the day the Fed announced QE, I was short for example. wow). Anyhoo, I was so nervous at the time (Feb) that I put only approx. $600 in each of these (LOL I know but I only had $9K to start). The long term did not start out with the strategy I now have - I was more putting money into what I saw as the safest options in case the market did continue to plummet. And it did for many weeks after I bought (in order of which ones I bought first, all the same day Feb 9): CME (I actually already owned this, it was the sole stock I owned in this account as it had been the only stock I had owned since 2003 other than the trading account that I opened in 2006 or 2007- can't remember. But yeah, I sold all but 3 of my shares )
PBR
VALE
SOHU
CLF
POT
X
C
WFC
F
FCX
BAC
STI
HOG
AUY
These are not the stocks that match my current strategy (unlimited potential), however, as you can see. It was more about capital preservation at that point.
Then June came around. I had started considering the newer strategy (unlimited potential) and also about selling into the rally in case it pulled back. It did. June 15/16 were the days I unloaded half of everything. At this point I was up about 40% I believe, looking back at my account value fluctuation.
I would unload all but a couple positions by the end October and progressively started adding stuff as I came across them while at the same time trying to keep some funds avail just in case (this is a cash account as opposed to my margin trading account.
I also did take a few thousand to put into my trading account at one point during the IMGG debacle, so I'm up to $12K in there divided among 10 positions:
UNG (Yuck. I know. First bought $14 awhile back, then bought some in the low $9s) - 180 shares / $2000
APWR ($13.96 & $11.60) -150 shares / $2000
ELON ($8.90) - 110 shares / $1000
CYOU ($33.25) - 30 shares/ $1000
ICE ($104.70) - 10 shares / $1000
STEC ($16.20) - 60 shares / $1000
GGB ($14.75) - 65 shares / $1000
CLF** (only one still holding from $26 Feb '09 buy @ $17.26) - 60 shares / $1035
I'm currently wanting to buy a little more STEC and a $1000 position in IMGG, but have not been able to decide what I want to take off the table or how I want to do that. Only have $400 buying power.
My hope is that any or all of these have unlimited growth potential for the next 10+ years. I was lucky in that I realized the power of growing companies by owning CME from very early on, and I do believe there are many companies out there that this same type of growth is possible for going forward. Maybe in 10 years or so, I will start moving into other stocks with similar potential as hopefully a bunch of these will have largely realized major gains.
Let me know if you guys have any questions about any of these plays, but I will not be analyzing them from a short term standpoint as that would only lead me to thinking "well maybe I should trade out of it at $xx.xx" and that sort of thing (the whole reason I've never mentioned this list before).
**I realized when putting together the spreadsheet that I was off on my CLF holding - couldn't figure out why but I forgot that I sold some off in June along with the rest and bought it back in July. |
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Post by brosin on Nov 26, 2010 0:47:22 GMT -5
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Post by brosin on Mar 30, 2011 12:53:26 GMT -5
7/7/09 Loading the Boat Content messages.finance.yahoo.com/Stocks_(A_to_Z)/Stocks_D/threadview?m=tm&bn=87811&tid=307863&mid=307863&tof=-1&rt=2&frt=2&off=1=Well, I'm doing it (Loading the boat content) Adding to my long term account here - might be the dumbest thing I've done in awhile, but I'm grabbing back my positions I sold back in early June. Half here, half tomorrow morning if we're down a bit more (873 SPX seems to be the big time support level everyone's been talking about).POT, FCX, PBR, VALE, CME, STI, CLF, HOG, UNG, AUY, AAPL, SOHU Even with my trading account down, still up 15% on the year in there. Although that could get wiped out in short fashion if I'm wrong here. I'm a small fish either way, but I can't help myself at this level. Kind of excited to go shopping - and if I get my ass handed to me, well, that'll suck. At least I'll have my new paycheck coming in so I can donate even more soon.
8/28/10 UPDATE: 7/10/09 was the interim bottom (872) before the market would go in a straight shot to 1018 for 16.8% before pulling back any starting 8/7/09 Re: Cosmic's MarketPlace Wrap 3-Feb-10 05:00 pm Grabbed some ELON in my long term account - down to one final buy I can make, but I'm basically all in on the long side again. First time since April & June (I'm still bitter at Fasaroo: messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_D/threadview?m=tm&bn=87811&tid=309424&mid=309460&tof=-1&rt=1&frt=2&off=1 [lol not really]) Only thing I have left is an order for APWR sitting at $11.50 that I don't think will hit. Might move it up to the $11.80 area tomorrow if we're down early. My last couple additions have made me happy - CYOU/APWR/UNG/ELON messages.finance.yahoo.com/Business_%26_Finance/Investments/Stocks_%28A_to_Z%29/Stocks_D/threadview?bn=87811&tid=516875&mid=516944Re: Cosmic's MarketPlace Wrap 3-Feb-10 05:08 pm Also didn't mention STEC as my other recent buy in the long term, knew i was forgetting something. I peeked at my LTaccount today - OUCH. Good thing it's a long term! Crushed the past month. I just couldn't hold off on BP anymore, especially from a long term perspective. The volume and cliff dive today looked capitulative to me, especially in the amount of dollars we are talking (240 MILLION shares traded today - this is not a $2 stock like Citigroup or something). I bought at $30.00 on the nose for a full position in the LTaccount. First move in there in awhile.. I was disappointed to see the account value as I try to never look although I saw it the other day. I know everyone hates it; to me, I like that. I will probably be wrong before I'm right, but it will be tough to time. Oh and bigger news (for me at least), I created a new position in the IRA for PCX @ $12.50 Chart doesn't look great, but company is continuing to grow revenues at a fast rate. It doesn't quite fit the model of stock I typically buy in my IRA, as this will be more of a shorter term play than the 5-10 year plays I have in there, but I just bought a position for the next 6-12 months at $42.65. I kind of expect it to drop more, but I'd rather take my chances just in case. Like BP @ $30, I can deal with -10% assuming it later turns into +20 or +30% this year. In real life: My biggest news of the day is that I am finally free of the UNG death trap in my IRA . I sold it for a big loss; I also sold my profits (the Cosmic way) on VALE and FCX to get me back at my original positions there. They were nice profits from my 7/7/09 buys. I purchased CHK ($21.62) and RIMM ($45.10) with those funds. Still watching MON & V as potential IRA buys - thought some more about that today. My IRA hit a YTD high and went green today for 2010  I was down just under 20% in mid August, so this was a large move. ;D Real Life I have enjoyed seeing some of my IRA holdings doing very well recently. RIMM, CYOU, STEC in particular have all popped very strongly recently. Real LifeI noticed my IRA hit a new yearly high today! ;D It will be a good time to make a couple moves there I think (a few in mind but need to look some more) [/u] Looked at BAC, V, MON, TGB, and MVIS in my IRA... did nothing yet. [/quote] Real LifeIn my IRA, I opened 5 new positions as well by skimming some profits to free up some funds. Skimmed off my FCX, BP, and RIMM profits to get them down to 1x positions from approx 1.5x positions due to their profits. Sold ELON outright for breakeven, and took off the 2.5x extra on my CLF (held since early & mid 2009) - it had been my biggest position for I don't know how long... opened up BAC $11.75 TGB $4.72 MVIS $1.71 V $79.39 Mon $61.44  Real Life My IRA has also been climbing to new YTD highs and even overtook the SPX in 2010 thanks to a lot of strong moves in my stocks these past 2 weeks. This is the best news I could have  Real LifeBiggest news is that my IRA continues to make new highs on the year, and I'm even beating the market YTD by a couple percent - this is a FAR cry from late August when I know I was at least -20% YTD... Real LifeThe best news for me to close out the year was my IRA closing at a YTD high on the final day, +16.45% in 2010, beating the market by about 7% when all was said and done. That last 3 months of the year was mighty nice of the Bernank and Co; my account was doing terribly up to that point. A few disappointments in APWR, CYOU, and V, but the other 14 did well Real LifeMy IRA is up 6% YTD already in 2011... uh yeah that's *INSANE* and does nothing but worry me. Real LifeSTEC and MVIS had strong moves to lift my IRA towards the 7% mark YTD in 2011. It still worries the crap out of me to see it moving up this fast.  [/u] I think today might've been one of the best one day moves my IRA , has ever seen, +3.7%... now +11.8% YTD in 2011 - I formulated a plan of action because I do not feel comfortable holding all at this level. I may do a Cos 'profit skim' soon on it.  [/quote] Real LifeBiggest news of the day, I did a Cos profit skim of my IRA - sold what profits I had in PCX $25.50, CHK $27.90, CLF $87.50, STEC $21.25, and MVIS $2.34... sold enough so that I am back down to standard starter positions; MVIS avg now $.50/sh while PCX and CLF avgs now under $0/share. If they go to $0, I have still made money on them  I now have cash equal to 6.5 positions, but I will remain cash for a bit other than adding to V (which I anticipate doing tomorrow). Some IRA positions like MVIS, PCX, and STEC took big hits, and I am feeling very happy about doing the Cos profit skim last week. Real life - I can't call my biggest news good or bad, but it is news: went from 16% cash in my IRA to 40% cash I as I sold 1/2 of 10 different positions: TGB / +29.9%, CLF / +383.2%, VALE / +116.9%, PCX / +96.7%, FCX / +136.5%, BAC / +26%, RIMM / +54%, STEC / +36.2%, BP / +57.4%, CHK / +40.4%... haven't been in this much cash since June 2009, although I only started the IRA early that year. I hope I don't end up regretting this like I did in mid July when I didn't buy back my full positions nearly in time and chased.  at least I locked some of it in though Going to look at some options tonight as to what -- if anything -- I'll be wanting to add in my IRA with all the cash I freed up last week Put together a BTFD list last night - in the next few days, I will decide what prices to hope for on some of them in my IRA My FAZ relost as I saw my IRA "stalwart" BAC was way up  Speaking of the IRA, I finally bought something on my BTFD list with my 40% cash position when I dipped into GOLD at $73.00 - it would fall to $71.xx before finally bouncing. Its earnings picture looks like SLW's for coming quarters  ALERT TO GOLD BUGS EVERYWHERE: THIS IS MY FIRST EVER GOLD RELATED IRA PLAY THAT WAS NOT FCX. I don't know if that's good or bad for you guys  Real life alert: Just bought F @ $14.35 & LVS @ $39.15 in my IRA . . . GLTA |
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I was down just under 20% in mid August, so this was a large move. ;D
