Haha… just the other day you were meriting the usefulness of diversification. Now you are a steward of concentration. How the table has turned…
Obviously you gents are not using enough leverage. My stocks equity now is 2.3x the size end of 2016. A gain of 130% in 5 months.
And I thought I was Mr. Safety? Turns out we don’t practice what we preach.
Um… it’s easy to grow from $1 to $100. That’s a 10000% gain…
If you are talking about stock market it’s pretty darn hard. Commissions will eat you alive.
Just to make you happy, you’re right. Have a high risk account giving 200% 1-year gain, from $13k to $39k over one year.
Long calls can yield 1000% return in this type of market, too busy to trade calls nowadays, so couldn’t enjoy such gain. Above account is trading OTC stocks , still risky but don’t have expiry headache.
wuqijun is put on a defensive and red alert by manch that we might not want to listen to him
Haha. I just think I got a lucky break that’s very unlikely to repeat. In all of 2016 my gain was only 10%, and I held pretty much the same portfolio as now.
I am not accounting real estate gains or real estate growth as it is too complex to calculate.
In my taxable account, the YTD gain is 34.92% as of date
In my retirement account, the YTD gain is 19.09% as of date.
If you need to compare how other redditians responded, here you go.
I do not pay any commissions right from 2015 onwards. Robinhood and Merrill edge (min 25k investment) provides commission free trades.
wuqijun’s stock performance is pathetic
End date is when? Ytd is 7.91%
His gain 18.9% is too good as I see similar returns in my retirement account. My retirement account has 5 times bigger than my taxable account. As the amount goes higher, returns may be difficult to get. The more investment amount we have, we need to do more research/analysis to make sure we do not face big failure.
Not always true. My stock return is dragged down by the much smaller 401K account, taxable return 4 times that of 401k.
For me it’s the margin interests that hurt. Didn’t pay attention to it until this year preparing for 2016 tax. I was like holy cow! Definitely a shock I was paying that much. Soon afterward I moved everything to Interactive Brokers. My interest rate dropped from more than 7% to 1.6%.
I thought all stock brokerages charged the same interests. Big mistake!
Another cool thing about IB is you can trade all the major markets in the world. I bought quite a bit of Tencent in the Hong Kong market.
Is IB still charging 1.6% right now?
IB’s pricing chart:
They have different tiers. The more you borrow the lower the rate. 3M and up is only 1.16%. So maybe I should borrow money to buy some properties…
My taxable account is 20x bigger than my retirement account. So I think that means I worked the least. Hanera is slightly less lazy and Jil is the most industrious.
So manch, how is it that you got a 150% gain in one quarter? Did you invest in some stock that went up 150% in 3 months?
No. My leverage was more than 3x. And many big name tech stocks were up more than 50% in the last couple months.
Ending April 30th.
Actually, I’m happy seeing that my stock portfolio outperformed the S&P 3x in this quarter. My intention is just to consistently beat the index. I’ve been tracking my portfolio since 2007. Here are the numbers:
S&P 500: 61% increase (excl. dividends)
My portfolio: 167%
How do you account for real estate gain? Does 9% mean that the total value of your houses up 9% in one quarter? But if your leverage was 3 times, your effective gain on equity should be 27% instead. In that case, your RE still beats the stocks