Hey there, I’m sorry for the delayed response. I have to admit, you guys are absolutely right – if I had stuck with the companies in my initial post, I’d be sitting on a few real winners. It’s actually the first time I can proudly say I have a knack for picking the right stocks. I’ve mentioned before that I really need to work on my ability to hold onto my investments.
I went back and crunched the numbers, and if I had held onto the original list, my CAGR would be a fantastic 48% (which, believe me, I’d love to have). However, with all the buying and selling I’ve done, my CAGR stands at 35%. So, it’s clear that constantly tinkering with my portfolio has been detrimental.
I’ve generally been good at making the right picks, especially since out of the 12 stocks in my initial list, only 1 (Waterbase) has given me negative returns. I hope that over the last 5 years, I’ve improved my ability to hold onto my investments.
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