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Old 10-12-2017, 06:29 AM   #361
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Yes, my investment in HMNY has really paid off. Too bad I didn't buy it in real life!
Nevertheless, nice to see you back in the mix .
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Old 10-12-2017, 07:44 AM   #362
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... I'll diversify a little more too.
That's probably a good idea. I've heard that diversifying across 500 or more stocks works pretty well for a lot of people!

-ERD50
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Old 10-12-2017, 07:45 AM   #363
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That's probably a good idea. I've heard that diversifying across 500 or more stocks works pretty well for a lot of people!

-ERD50
Except Buffett
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Old 10-12-2017, 09:13 AM   #364
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That's probably a good idea. I've heard that diversifying across 500 or more stocks works pretty well for a lot of people!

-ERD50
Yes but if you're looking for something better you have to do it differently. I'm OK with holding $500,000 in each of two stocks but my picks tend to have low volume so it's hard, plus the timespan of the contest is a factor.
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Old 10-12-2017, 09:53 AM   #365
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Yes but if you're looking for something better you have to do it differently. ....
Well I won't argue tautology, I know my limits!

Of course, doing something differently doesn't provide any rationale that different will be better. And the historical data indicates the odds are against it.

This little contest will not prove anything one way or the other (sample size too small), other than diversification reduces volatility (though sample size is still small, I do think the trend will be apparent enough to say something), but there shouldn't be any question of that anyhow.

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Old 10-12-2017, 09:54 AM   #366
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Except Buffett
I don't know. How many stocks has Buffet typically held?

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Old 10-12-2017, 10:18 AM   #367
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I don't know. How many stocks has Buffet typically held?

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Not 500! Maybe 20 or so?
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Old 10-12-2017, 12:58 PM   #368
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Haha! Easy come, easy go -- HMNY is down 30% today.
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Old 10-12-2017, 02:44 PM   #369
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Not 500! Maybe 20 or so?
In his first few decades much less than that. Sometimes only 5, with very uneven weights. I think at one point he was almost completely Geico.

And of course Berkshire Hathaway itself. As he says: "Too much of a good thing can be a great thing".
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Old 10-14-2017, 11:41 AM   #370
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I was ready to buy CLF with a limit order based on the current price and I got shown the price for CL. Glad I caught it. In other news, Fermion is last again.

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Old 10-14-2017, 11:44 AM   #371
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Haha! Easy come, easy go -- HMNY is down 30% today.
I noticed your 15 minutes of fame, then the drop back down .
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Old 10-17-2017, 04:49 PM   #372
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I made about $18,000 today with three trades, all winners. LINU, CLNS, and UTX. It's good to get back to trading like I used to, except the research is strictly for the contest and not for real life.
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