Eight years ago, Mike decided to take a hands-on approach to his retirement savings by rolling over his $108,000 pension into a do-it-yourself investment portfolio. Since then, he has managed to grow this portfolio by approximately 200%, showcasing significant gains. However, this journey hasnt been entirely smooth, as Mike has faced challenges along the way.
In his latest quarterly review, Mike delves into the performance of his investments, highlighting both the successes and the setbacks. Among the underperformers in his portfolio are well-known companies like Apple, Alimentation Couche-Tard, and Starbucks. Despite their lagging performance, Mike provides insight into his decision-making process regarding when to hold onto these investments and when to consider other options.
Mikes investment strategy involves careful analysis and decision-making, weighing the potential for recovery of these underperforming stocks against other opportunities in the market. His experience underscores the importance of patience and strategic thinking in managing a self-directed portfolio. As he continues to navigate the complexities of the stock market, Mikes story serves as a reminder of both the potential rewards and the inherent risks involved in DIY investing.