Quick reminder: this topic’s titled “Any Stockpickers out there?”.
Meaning, we mainly discuss stock picks.*
It’s fine to sprinkle in policy views, but please put them in the context of stocks aka companies (versus, say, the USA, or some silly politician)?
* Ok, occasionally swerving into a Gin’n’Tonic or a Negroni discussion (my mistake).
It is still not even a bear market. But just to be ready I checked the stocks I would buy for my dividend portfolio. That are the stocks I already own, that have a position size <4% and are still on buy. The position size does not change by the buys because they are on credit and don’t change the total value. Those are the stocks:
DD,HST,JNJ,KMB,MRK,O,ONL,T and VTRS.
Now, that is not enough, I need to buy at least 20% (difference of SPX low to high) of my portfolio value on credit. I will look here for more stocks to buy, but as that is kind of a lot of work I’ll wait for the moment. I am low on energy stocks, so probably I’ll look in that sector.
This is a list of the actual contents of the Dow Jones U.S. dividend 100 index (finviz):
Yes you can.
He who sells what is’nt his’n… must buy back or go to pris’n.
Stock picking is already very difficult on the long side. On the short side it is almost impossible if you don’t work with barely legal methods. Wonder why Hindenburg ceased to exist… 
Now, my market timing skills are probably as bad as anyone’s. So at least I go with the probabilities… I go long.
Certainly in a bull market, but if this is the start of a bear market, then shorting stocks should be like shooting fish in a barrel.
But I agree with you, most of my want to buy list is a bit too expensive maybe with the exception of VTRS.
I’m tempted to buy energy, but will wait for further falls.
Yes, VTRS is on my list too, I hold only a small position.
I stop buying in a bear market, but I don’t sell. I am a mechanical stock picker and I did test short strategies for years. Just could not find anything useful, at least not with the data that is publicly available. The big short sellers operate on other levels.
Of course, during a bust everything short works as during a boom everything long works. The important thing is to find a strategy which gives you a statistical advantage, an edge. Found some in backtests but none would stand forward tests.
I start buying when my system tells me to. That can be even higher than the market is now. I don’t care for the past, I care for the future.
Stockpickers here: Does it make sense to buy now stocks of insurance companies in CH?
I avoid Swiss stocks due to the 35% withholding tax. But just before we entered the bear market I bought a lot of insurance stocks. Currently I hold those in my momentum strategy: EHTH, DGICA, BHF, ALL, UFCS and SPNT. In my dividend portfolio I hold PRU and MET.
For me it does not make sense to buy anything in a bear market and as of today we are officially in a bear market. Just lean back and wait for a turnaround, no need to bottom fish.
On day 1, we saw certain stocks fall with defensive sectors holding up (tobacco, gold, etc.). On day 2 it was indiscriminate and everything sold off.
I agree, this is the start of panic/capitulation and maybe a chain reaction as falls trigger stop losses which trigger more falls.
It’s been half a year that I think about swiss insurances (no problem with taxes). Nothing to do with the market of today. Well that might help, but atm I’m not buying anything. Actually, I might buy something because I have some USD that keep losing value. Not sure what to buy with that, though.
I made a few tweaks. Bought AMLP - I’ve been meaning to increase this position for a while and now made it my biggest position. I funded it by selling ED and GLD.
If I remember correctly someone mentioned in this post that it discusses only US stock picking, so I thought I give it my sauce 
I bought today some KNIN.SW and more of VOW3.DE for a fair discount.
Made quite a few trades today:
Goofy had PM on his radar since he started picking stocks in about 2020 and always found it just a little too expensive given its abysmal growth over the years …
Dumb dumb Goofy. Bad dog.
Woof!No treat for Goofy.
Goofy winces.I actually bought it back in 2012, but sold it at some point. As evident from the FastGraphs, it still seems way too high. Esp. compared to MO/BTI.
Quite a shift in my top 10 now:
Sounds like Goofy would benefit from a bit of Charlie Munger coaching towards wonderful companies in fair prices 
Don’t take me seriously, you know more than I do!
P.S. how do you make fonts smaller?
It is a bit boring at the stock market front. At the moment I don’t buy because of the bear market clause in my mechanical strategies.
At least today Vista Energy announced that it had bought Petronas Argentina and the stock rocketed 13% higher. It is always beautiful when a stock rises more in one day that the entry price was. The position is now 886% in the green, nice. 
Get out of here!
I know nothing.
But … I know as much as to agree with you that I should Munger-buy wonderful companies at fair prices.
I’ve thought about this many times since starting to pick stocks …
Good old HTML.
Add
<small>
before your text wanted smaller and close with
</small>
afterwards. The latter becomes optional if you end with small font on your post.
Adding small HTML instructions makes the font even smaller.the positive angle: you’re not sponsoring companies that make people die.
