Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Sold my last individual stock this week ...
Old 05-10-2016, 10:42 AM   #1
gone traveling
Join Date: Oct 2007
Posts: 1,135
Sold my last individual stock this week ...

Over time I have been reducing accumulation of individual stocks, in both taxable and after tax accounts, paying what ever cap gains where appropriate and have been shifting to a relatively lazy 4 fund portfolio of low cost broad equity index ETF's

I hit a milestone this week by dumping the last of my individual stock/shares.

I want the non-systematic risk reduction that the broad market etf's provide. I also find I don't have the patience to follow individual companies like I used to do. Nor am I good enough as a stock picker to beat the broad market consistently.

So now I can say I am officially an indexer ... Never thought I would say that, but here I am.

I am NOT smarter than the market despite my best effort, education, and 25+ years of trying. Yes. A few winners but a few losers too...

I'll still keep the "gambling account" active for occasional market timing shenanigans

papadad111 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 05-10-2016, 11:01 AM   #2
Thinks s/he gets paid by the post
Join Date: Jun 2004
Location: Diablo Valley (SF Bay Area)
Posts: 1,155
Yeah, I've been coming to that realization as well. To that point, I've got 2 'buckets' core & explore.

Core: 80% and going up:

A few options to keep me from getting bored

gayl is offline   Reply With Quote
Old 05-10-2016, 11:05 AM   #3
Thinks s/he gets paid by the post
Join Date: Sep 2012
Location: Seattle
Posts: 2,926
Too bad you didn't just buy and hold an individual stock called Berkshire.
Fermion is offline   Reply With Quote
Sold my last individual stock this week ...
Old 05-10-2016, 12:10 PM   #4
gone traveling
Join Date: Oct 2007
Posts: 1,135
Sold my last individual stock this week ...

I had Berkshire for > a decade. It was my second to last liquidation... But with Buffett and Munger up and up in age, no telling where this stock goes once they die. I believe there is clearly non-systemic risk to BRK that I just don't want to take at this point in my own life cycle.

Core is: SPY,VTI,VXUS,VMY Only reason to hold some SPY is not wanting everything in vanguard based ETFs. Too big to fail is a misnomer else I would swap SPY into VTI.
papadad111 is offline   Reply With Quote
Old 05-10-2016, 01:37 PM   #5
Thinks s/he gets paid by the post
Free To Canoe's Avatar
Join Date: May 2008
Location: Cooksburg,PA
Posts: 1,743
Congrats on getting rid of your stocks. I accomplished this milestone a few years ago. I consider it a major accomplishment in my financial education.

Lately I have come to realize that I will need a "gambling account" to accommodate the "hormones" issues and keep the egg safe.
Free to canoe
Free To Canoe is offline   Reply With Quote
Old 05-10-2016, 01:49 PM   #6
Thinks s/he gets paid by the post
DrRoy's Avatar
Join Date: Dec 2015
Location: Michigan
Posts: 2,015
I completely agree with you. I fired a FA two years ago and have been unloading the individual stocks from the $ that had been with him. It is taking me a while because I did not want to take the tax hit all at one time in the taxable account. Next January will finish it, and I will also be all index on the equity side.
"The mountains are calling, and I must go." John Muir
DrRoy is offline   Reply With Quote
Old 05-10-2016, 01:50 PM   #7
Recycles dryer sheets
Join Date: Feb 2016
Location: Near Sacramento
Posts: 121
I still hold about 50/50 between ETFs and individual holdings. My horizon is in no way long enough for rock solid conclusions, but so far my individual holdings have a small advantage.

cd :O)

Chris7 is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
I Sold My lAST SHARE OF STOCK TODAY mickeyd FIRE and Money 3 08-29-2014 09:48 PM
Sold out of the market last Aug. ShustS6512 FIRE and Money 27 07-11-2012 10:02 AM
Last week Coffee - This week donuts chinaco Other topics 23 05-20-2007 12:40 PM
hotels built and sold and sold again renferme FIRE and Money 5 07-10-2006 08:19 AM
See @ Last, See @ Last, Thank God I Can See @ Last Beachbumz Other topics 24 02-18-2005 07:16 PM


All times are GMT -6. The time now is 09:52 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.