Hey everyone Been at ASF for a while now still consider myself a beginner. However my 4th year of investing is about to come to an end and with this passing of time I'm trying to gauge were I'm at as an long term investor / casual short term trader.
I'm sure there are plenty of things i should be doing like stop losses that I'm currently not although not all of these will fit my investing style i guess.
Currently I try to maintain an rough portfolio split of 70% shares who are businesses over $1billion dollars Market Cap with good revenue and preferably low debt.
The Remaining 30% which does fluctuate from 25%-35% due to the nature of the shares. Are speculative shares ranging from Near term too New Explorer.
General practice and maybe its the wrong approach, however for New explorers ill invest roughly 1% of my portfolio if they double i sell half and try to free carry the rest.
If investing in Near term Producer generally ill Start investing 1% of my portfolio, buying up to 2.5% over the coming year or two on market dips.
maintaining the idea that i should sell my loses at the top of each 5-7month cycle and buy back into some of my winners have been recently been generating roughly 20-30% short term gains.
There are a few Blue chips that i most likely should dispose off and these are mainly in realestate which have done nothing for me over the last few years and WOW which only qualities is it diversify my portfolio and gives some divy
Any how I basically started investing as of the 05/04/2007 remaining 100% high risk until a year later were i finally Purchased BHP since then i have been changing my portfolio to match my current 70:30 split and it has currently generated a 11.5% Annual return, although the current year has seen roughly 30% and 40% the year before on any capital the GFC put me in a position were i was roughly 70% down.
Any way I would finally like to thank a few of the members who's posts i have followed over the 4 years so far. YOUNG TRADER, Kennas, Tech/a , nunthewiser and to the many others who have provided extremely useful information which I used to direct my own research.
Cheers for helping me to get to my first goal within 4 years rather then 5 years next goal is 15% annual growth rate.. I have a feeling it will be far more difficult to maintain