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Old 12-12-2022, 01:18 AM
 
Location: Saint Johns, FL
2,299 posts, read 2,575,558 times
Reputation: 2449

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It's time..... (a little late really. Sorry) to start planning for the 2023 Stock Picking Game.

Right up front, let's get this out of the way. After much pondering, I am doing away with the ability to hold your $100K in reserve and choose stocks later. Right now almost all the leaders are people who held off buying. They are winning not because they selected better but because they timed the market better.

And this is a stock selection game. Not a market timing game. So start thinking about what stocks you want. You have almost exactly 3 weeks.

The rules

If you pay attention to my posts (as you all should!!) then you know I'm not a fan of "binary" bets.

The rules for 2023

1. 100,000 total investment
2. 3, 4 or 5 stocks.
3. Minimum placed on any 1 stock is $20,000
4. No Funds/Indexes etc. The point is to choose individual stocks
5. I must be able to look it automatically via Google Finance. So if it's too exotic for Google Finance, you can't play it.
6. No penny stocks. All stocks chosen must have a share price of $1.00 or more.
7. No Crypto bets/stocks

You can give me your choices anytime, and still have the right to alter them until market opens in 2022.

------------------------------------------------------------------------------------------

Last edited by Newporttom; 12-12-2022 at 01:49 AM..
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Old 12-12-2022, 08:30 AM
JRR
 
Location: Middle Tennessee
8,104 posts, read 5,552,611 times
Reputation: 15550
Thank you for doing this. I totally agree with going back to the original parameters of the contest; pick stocks at the beginning of the year and see who has the most value at the end of the year. Pretty clean and simple
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Old 12-12-2022, 09:23 AM
 
6,333 posts, read 11,486,631 times
Reputation: 6304
This was a strange year. Had I picked Pfizer two weeks later my portfolio would be $5000 higher.
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Old 12-13-2022, 01:42 PM
 
Location: Saint Johns, FL
2,299 posts, read 2,575,558 times
Reputation: 2449
Here's my empty shell of a spreadsheet for 2023. Can someone please ensure they can open it

https://docs.google.com/spreadsheets...it?usp=sharing
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Old 12-13-2022, 02:05 PM
 
2,901 posts, read 1,955,579 times
Reputation: 3474
It opened for me, including the pct gain.
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Old 12-14-2022, 07:43 AM
 
Location: La Mesa Aka The Table
9,775 posts, read 11,430,044 times
Reputation: 11827
Worked for me
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Old 12-14-2022, 06:51 PM
 
Location: moved
13,565 posts, read 9,573,834 times
Reputation: 23301
If this is the correct thread in which to enter selections, here goes:

* BMW (it's an ADR. In the US, try BMWYY)
* LMT
* COP
* MRNA

So, four stocks, in equal amounts.
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Old 12-18-2022, 12:50 AM
 
4,541 posts, read 2,750,312 times
Reputation: 4916
My four picks. 25% each. Thank you!

- GTLB
- TGT
- TPBA
- MSFT
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Old 12-20-2022, 11:11 AM
 
1,768 posts, read 701,862 times
Reputation: 1314
SNAP
WBD
INTC
F

All equal weighting. Curious - do dividends get included? I'm assuming not?
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Old 12-20-2022, 03:18 PM
 
6,333 posts, read 11,486,631 times
Reputation: 6304
We've talked a lot about staying the course and I'm going to keep that in mind.

My biggest disappointment was Pfizer. Were you to look at the charts last fall you'd see a half dozen days where the market tanked and PFE went way up. But I'm going to stick with it. It's hard to find a blue chip with better fundamentals. Plus two words: China & Pavloxid. Make that 5 words and you add RSV and Lyme disease.

As for the smaller caps here's my prediction from last year.
Quote:
I predict one will skyrocket, one will flame out, one will have a respectable rise. Thing is, I don't know which ones.
No truer words were spoken.

So I'll keep my winnah - CECO. PL was the one I expected to skyrocket and it had a sluggish year. But I'm sticking with it, even though the last earnings report basically said: "we're still losing money but we're making up for it in volume".

If I'm going to take investment advice from Kenney Rogers I've got to know when to fold 'em so BIO is out the door. That's a stock I bought IRL at 360 and 400 during the covid slump and donated it to a food bank this winter while it was still north of 600. Buh bye.

This may change but as for now my 3rd little stock will be IMMR. Like CECO it had lots of insider buying and an interesting press release. Still feels risky but who knows.

to recap:

40k in PFE 20K each in CECO, PL and IMMR.
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