Quote:
Originally Posted by lewdog
Would be curious if anyone else wouldn't mind sharing their individual stock picking success this year. I'm here to show it's ****ing hard! I opened my first brokerage account to start this year. All the things you read discuss the difficulty in beating the market with individual stock picking. Something like 5% of individual investors are successful in this. It's why there's so much talk about passively investing most of your money in mutual funds and index funds that track sectors of the market.
My brokerage account has 5% of my total invested money, so not a lot. I also chose some fairly risky investments across the board but that can technically be true of much of individual stock picking it seems. However, the percentage growth on the stocks in it and the portfolio overall is somewhat interesting when comparing to the great year the market has had.
My 401k/Roth IRA combined has gained 17.8% year to date.
Here's the current stocks I own and percentage of gains/loses for the year:
X- US Steel+28.86%
UA- Under Armour -15.76%
TWMJF- Canopy Growth +2.27%
UBQU- Ubiquitech Software Corp -62.50% (total penny stock. I bought when shares hit $.02-I don't have a lot of cash in this but quite a few shares given it's price)
PEMIF- Pure Energy Minerals Ltd +22.47
Total Growth +1.31%
So pretty big swings on almost all those stocks! It's definitely a learning curve and I think in future purchases I'll be selecting more stalwart companies Obviously pales in comparison to my retirement accounts.
Recent considering Ford stock due to the yearly dividends they always pay out. The stock itself has always been a rather dud with few swings/gains, but it's paid a yearly dividend from 4.6%-7.2% every year no matter what (I find this amazing coming from an automaker!). That seems somewhat attractive.
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I totally agree with your $PEMIF idea, and am holding 125K shares myself. They're a couple years away, but I love their lithium extraction technology. Evaporation ponds are wasteful and wreck havoc on the environment. 90% extraction rate vs. 40-50% for evaporation ponds. I think the share price will continue channeling between $0.30 and $0.50 for the next year or so, but I think their future is really, really bright.