Investing General Discussion
- Thread starter Furious
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Sanrith Descartes
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Ethically sound investments are the ones that make money. The ones that lose money are unethical.
This is the ethos of Wall Street.
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Sanrith Descartes
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Sanrith Descartes
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Sanrith Descartes
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Mist
REEEEeyore
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Is there a tool on Fidelity that goes through your ETFs and Mutual Funds to check for things like this? Because I just realized that the composition of FSLEX changed a lot, and now I'm likely overweight on Microsoft, which is fine right now but maybe not long term.
Sanrith Descartes
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I discussed tracking your portfolio weights a couple times in the thread. You can search for them. Simplest way is using excel.
example: if SPY is 5.25% weight for AAPL then a formula of (total value of SPY * 0.0525) will give you your SPY weight of AAPL. Then you add that value to your AAPL shares outside the SPY and viola, your total investment in AAPL which you divide by total portfolio dollars. If you own multiple indexes with AAPL you just do them all and add.
Mist
REEEEeyore
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Sanrith Descartes
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Sounds like a personal problem.
What I just described took me about 30 seconds to set up in Excel for my entire portfolio. Once you write the formulas it self updates as you update your values. Once a quarter I go into the basket of holdings and make any formula adjustments for weight changes in the baskets.
If you dont know how to use Excel, then you should go learn it. It was AI before AI became cool.
Yes, but there is diminishing cost/benefit on the frequency of updating your diversification. Quarterly is more than enough for a long-term investor.
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Sanrith Descartes
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Sanrith Descartes
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Its a good support level and "should" find some love here. Of course, the low 80's could also come at you really fast if it doesnt. I wouldnt take a big bite. A quarter position here would be a good starter. A half position at most.
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Blazin
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Sanrith Descartes
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Asshat Foler
2024 FoH Asshat
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You should hire a financial planner. That’s why I have. Max returns and on cruise control.
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Mist
REEEEeyore
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I'm more than cable of losing my own money rather than paying someone else to lose it for me.
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