Originally Posted by
mispoken
yeah, as one of the drivers of this clown car, i agree that it’s exhausting.
Going back to the basics, I do the same thing, except in a more focused manner. I have a core group of 20 or so stocks in my PF and I only invest in one to two of those per year. All my retirement money goes to them. Very rarely do I add a new company. This is a “water the flowers and let the weeds die”’approach. If I could setup brokerage link to auto invest in one or two stocks per year, I would. I rarely dig into financials anymore except for a brief overview quarterly to make sure there hasn’t been a fundamental shift, like going from making microchips to mousetraps, or any kind of fraud allegations. It’s one of many ways, but it works for me.
One thing I've found is I can't have too many different strategies. Find something that works and fine tune it along the way. I found a podcast last year I've really enjoyed called Risk Parity Radio. Not sure I'm all in but definitely food for thought for me. He's geared more toward continuing growth but limiting volatility and drawdowns.
I really appreciate all the good info from you, James, Gunfighter, Trip, and everyone else. It's a cool window to a lot of the good stuff that's out there. Cheers.