Ramping Up for More Money
By Jim Bauer
@porwest (78759)
United States
June 7, 2022 7:10am CST
What the stock market is doing right now is annoying, simply because it creates a short term hit on paper. But at the same time it is presenting a multitude of opportunities of which I am greatly interested in taking advantage of.
Some time ago I mentioned that I had shifted my portfolio positioning to 40% stocks, 58% cash and 2% crypto.
Part of the rationale was that I saw that a correction of sorts was on the way, I wanted to take some profits and wanted to make sure that I would have plenty of cash on the sidelines to make better decisions in the event that the companies I was interested in went on sale.
They have done that, and continue to do that. And while I do not think we have seen any bottom here, I am still ramping up my buying.
As I always say, I am not buying STOCKS necessarily. I am buying BUSINESSES. And so long as my assessment of the underlying business is strong, it does not matter what the stocks do in the short term. It's the long term outlook I am interested in.
So I have shifted from 40% stocks to 42% stocks, and have now decided to shift again to 45% stocks.
As must always be done when it comes to money, the situation is constantly monitored to mitigate risk and maximize profits.
In the stock market there is never a time NOT to buy. But there are times when it makes sense to buy MORE.
7 people like this
7 responses
@porwest (78759)
• United States
31 Jan 23
It is, and thank you. But of course you know what I am going to say...
None of it is by accident nor happenstance. Nor is any of it rocket science. I am just a regular guy who learned a thing or two because I wanted to know how people made money, and when I figured it out, I applied what I learned.
I DO try to share it. But nobody listens. 
I can't force anyone to drink the water, you know. I can just tell them where the water is to take a drink from. lol
You want to know the funny thing? The same people who won't drink my water will gladly let me bottle it and sell it to them.
I can't force anyone to drink the water, you know. I can just tell them where the water is to take a drink from. lol
You want to know the funny thing? The same people who won't drink my water will gladly let me bottle it and sell it to them. 1 person likes this
@porwest (78759)
• United States
2 Feb 23
@CarolDM The thing that bothers me sometimes, and I am not sure "bother" is the right word, is that a lot of people get the impression I am trying to brag or preach. Not my aim at all. I am just trying to share what I know hoping it can help someone. Most days no one seems to want the help but continue, at the same time, to complain about what they don't have.
Not sure how anyone gets through to those people, but it sure does explain why we have a 1% and a 99% in this world.
1 person likes this
@FourWalls (62518)
• United States
7 Jun 22
How’s the news on that electric truck company, Rivian? I think you said you’re invested in them.
1 person likes this
@FourWalls (62518)
• United States
7 Jun 22
@porwest — speaking of supply chain issues, did you see the news about Target today????? Where’d THEY get a surplus?
1 person likes this
@porwest (78759)
• United States
31 Jan 23
@FourWalls I missed that news article. But apparently I missed this comment as well. Oh well. Either way, I own shares in Walmart anyway. lol
1 person likes this
@porwest (78759)
• United States
7 Jun 22
I think the news is good. It is experiencing some hiccups with supply chain and delivery of product—but all growing pains I would fully expect considering the environment and typical "start-up" issues. I don't expect the company to be profitable for a considerable amount of time, so that is always a think to keep in mind in an investment like this. I mean, Tesla took about 18 years to turn its first profit, and it was a tiny one. But still a profit.
Ford did pull out some of its investment in the company, but I don't find that exactly surprising considering what Ford said the reason was AND the fact that Ford has no intention to partner with Rivian as it works on its own electric lines which are actually doing quite well. It was also an insignificant sale of shares.
All in all I am in it for the long haul and continue to add shares here and there.
1 person likes this
@RasmaSandra (73803)
• Daytona Beach, Florida
7 Jun 22
Best of luck to you on your stocks,
1 person likes this
@LindaOHio (157489)
• United States
8 Jun 22
I hope the recovery period is not too long. You may have to be patient this time around. Good luck and have a great day.
1 person likes this
@Beestring (13407)
• Hong Kong
7 Jun 22
I rely a lot on my advisor as I don't know much about investment. So far, she is doing a good job. I have made some money over the past years and in the first five months of 2022. I'm already retired. My priority is preserving wealth.
1 person likes this
@porwest (78759)
• United States
31 Jan 23
I never cared for advisors. Personally I feel like, hey, the information is all out there, easily accessible. Why not learn on my own? After all, no one cares about my money more than I do...
AND, this is a big one... Nobody is on the Forbe's richest list having been advised by someone what to do. They all got there KNOWING what to do on their own.
If you really think about it, if advisors were really good at what they do they wouldn't be advising you because they'd be too rich to need you to pay for their services.
1 person likes this
@sabtraversa (13057)
• Italy
7 Jun 22
I think so, as long as you trade cash for something valuable, it's always good.
Do you also invest in stocks that pay dividends? I've never considered those, I wonder if there's any risk involved and if they're worth it.
When it comes to crypto I'm not too positive about bitcoin.
