According to the last Taking Stock post, only 4 units out of a total portfolio of nearly 42 units is kept aside for trading - and I wonder whether it is worth my time to actively explore short to medium term trading. Since almost all of my portfolio are in tax deferred accounts, I can take a very long term view of them - so I wonder whether it would be best for me to focus only on asset-allocation type of investing and buy-and-forget type of investing. Let go of trend-trading.
Although I am am sure that I can be successful doing trend trading, it perhaps needs more time on a more consistent basis than I have to spare.
I am going to look for more long term targets from now on. I need to get those 4 units working for me. The task now is to identify four good stocks as targets for these 4 units at one unit each. I currently have two dividend plays (INTC, VZ) and one combined play (DEO) stocks. It would make sense to look for some growth plays next.
On a related note, I need to clearly articulate my exit strategies in face of market upheaval. Which accounts do I continue to stay invested in an weather the storm? Which accounts I use to strategically exit with intention to re-enter at friendlier times? In such cases, what will be my exit and entry points? I will tackle these in a subsequent post.
No comments:
Post a Comment