Investing General Discussion

Hateyou · Feb 8, 2023

Found

Sanrith Descartes · Feb 9, 2023

Hateyou said:
Found Mist

Ethically sound investments are the ones that make money. The ones that lose money are unethical.

This is the ethos of Wall Street.

Sanrith Descartes · Feb 9, 2023

TSLA short squeeze continues unabated.

Sanrith Descartes · Feb 9, 2023

Surprised ABBV is up on that reduced guidance.

Sanrith Descartes · Feb 9, 2023

TSLA. A chart in 30 days. +100% in a month.

Mist · Feb 9, 2023

Sanrith Descartes said:
Put an order in to trim some AAPL at $155.25. With FTEC as my index, trimming AAPL outside of the index is a requirement to keep the portfolio weight in check.

edit: missed by 3 cents.

Is there a tool on Fidelity that goes through your ETFs and Mutual Funds to check for things like this? Because I just realized that the composition of FSLEX changed a lot, and now I'm likely overweight on Microsoft, which is fine right now but maybe not long term.

Sanrith Descartes · Feb 9, 2023

Mist said:
Is there a tool on Fidelity that goes through your ETFs and Mutual Funds to check for things like this? Because I just realized that the composition of FSLEX changed a lot, and now I'm likely overweight on Microsoft, which is fine right now but maybe not long term.

I discussed tracking your portfolio weights a couple times in the thread. You can search for them. Simplest way is using excel.

example: if SPY is 5.25% weight for AAPL then a formula of (total value of SPY * 0.0525) will give you your SPY weight of AAPL. Then you add that value to your AAPL shares outside the SPY and viola, your total investment in AAPL which you divide by total portfolio dollars. If you own multiple indexes with AAPL you just do them all and add.

Mist · Feb 9, 2023

Sanrith Descartes said:
I discussed tracking your portfolio weights a couple times in the thread. You can search for them. Simplest way is using excel.

example: if SPY is 5.25% weight for AAPL then a formula of (total value of SPY * 0.0525) will give you your SPY weight of AAPL. Then you add that value to your AAPL shares outside the SPY and viola, your total investment in AAPL which you divide by total portfolio dollars. If you own multiple indexes with AAPL you just do them all and add.

I already have 1 job sir

Sanrith Descartes · Feb 9, 2023

Mist said:
I already have 1 job sir

Sounds like a personal problem.

What I just described took me about 30 seconds to set up in Excel for my entire portfolio. Once you write the formulas it self updates as you update your values. Once a quarter I go into the basket of holdings and make any formula adjustments for weight changes in the baskets.

If you dont know how to use Excel, then you should go learn it. It was AI before AI became cool.

Mist · Feb 9, 2023

Don't the portfolio compositions change all the time?

Captain Suave · Feb 9, 2023

Mist said:
Don't the portfolio compositions change all the time?

Yes, but there is diminishing cost/benefit on the frequency of updating your diversification. Quarterly is more than enough for a long-term investor.

Sanrith Descartes · Feb 9, 2023

Captain Suave said:
Yes, but there is diminishing cost/benefit on the frequency of updating your diversification. Quarterly is more than enough for a long-term investor.

Ranak · Feb 9, 2023

GOOGL still tanking. Going to scoop some up.

karma · Feb 9, 2023

GOOGL

First gap down on the daily almost filled! (if you are a gap fill cultist!)

Sanrith Descartes · Feb 9, 2023

Ranak said:
GOOGL still tanking. Going to scoop some up.

Its a good support level and "should" find some love here. Of course, the low 80's could also come at you really fast if it doesnt. I wouldnt take a big bite. A quarter position here would be a good starter. A half position at most.