Banks are pretty freaking boring, but sometimes things look so good, you can look past the boring.
Simply Wall Street is showing First Bancorp as 50.6% undervalued. That’s pretty freaking good.
FNLC had a pretty terrible month, and I am struggling to find why. Looking back over the past five years, Bancorp has been this low before, even slightly lower. But it has come back every time.
Feels like getting in now and sitting on it until it gains a few dollars would be a solid plan.
UPDATE:
…
I guess it was a good thing I was broke this past week and didn’t buy a little bit of Bancorp, looks like it had a rough week. Maybe this one?…
…
*Heads up: Simply Wall Street is an affiliate of mine. Also, a Disclaimer that this site doesn’t know what it is talking about most of the time – you should do your own research and stuff.
I keep having to sell every damn thing because I end up needing the cash. It has messed me up too many times. Just when I think I have got things figured out, I have to sell all my holdings so I can pay the mortgage.
I just had to do this. Almost went to zero. Only a handful of Agriforce (AGRI) and Standard Lithium (SLI) remained – I had to keep some sort of skin in the game.
Today, I am getting back in, even though it’s with only $100. I am finding out that when you have super limited cash to put in the market, you tend to focus more. These are the companies I am buying into to start a new investment foundation:
Yes, I am late on all of these. And I don’t care where they are at, I am going to buy them, DCA style, and just do it – even Benzinga knows Palantir is still hot for a reason. Normally I have a rule of only buying when the stock is at its lowest of the week, but not this time.
I am pretty excited about this because I haven’t had much going on since I had to rob my portfolio. But today begins the slow climb back and I will keep you updated.
Good luck with your portfolio today and thanks for reading.
-Mikey
P.S. Lately, I have been learning how to be a no-code developer on Make.com and if I can do it, you can too: check out Make.com. Cheers!
I have never bought Amazon stock. Jeff Bezos could be a much better person to his employees and that is usually enough for me not to buy into a company.
But I have been softening my stance on Amazon. I even started being an Amazon Influencer. Why? Welp, money. Turns out I need money. Whether it’s from being an affiliate for Amazon or investing in the company, I am ready to sell out. I need cash. I give in.
Watching this Mark Roussin video pushed me over the line tonight:
Amazon looks too ripe and I don’t want to miss out. So when I get up in the morning, unless the price goes up like crazy before I buy some, I will purchase a little bit of Jeff’s company.
You just say, “Fuck it” and start selling everything.
Don’t wait until the perfect time. Don’t get sentimental. Just cut them loose.
Okay, well, I did wait till there was an ‘up day’ and started selling everything. But it was one day after I had decided I needed to sell it all, timing happen to be good.
I truly only started paying attention to trading a year ago, and I got my ass kicked. “Lucky” for me I am broke, so I didn’t have a lot of money to lose, but I lost money.
When you’re broke, losing money sucks even harder.
Sorry, daughter, I can’t buy you that new shirt for school, daddy bought Apple at the wrong time.
So, I was kind of pissed off at the whole thing and sold everything but five stocks. From 55 to five in two days of purging.
Then I pivoted my investing strategy.
Since I suck and I am an idiot, but still want to keep investing, I put my ego aside and went all in with ETF stocks.
Let someone else figure out what’s good, because I sure as hell don’t know what the hell I am doing (even though I thought I did).
Update: Since pivoting to a small about of ETF choices (with one ‘moon shot’ stock), I have been up the past two days of trading. Very very slightly up, but up.
Normally, I only have the occasional day that I am up. So, I might be making progress.
I will continue to post here and send out newsletters from here, and keep you updated so maybe you can learn from my good and bad choices, or at least be entertained.
This is not the 69 Mustang that I used to have. This one is in WAY better shape than mine was
Welp, no. You should not buy because you think Mustangs are cool.
Like with every stock purchase you make, do your research and blah blah blah. And do it like a robot. Basically don’t let your heart get involved with your stock purchases.
Controlling your emotions is a big deal in investing:
But I did. I bought with emotion. I totally went with my heart when I bought some Ford stock last year after opening up my Public account.
Buying Ford stock hasn’t done much for me except give me a few cents of dividend cash. But I still have it because it makes me happy.
Before You Go
In went through my head as I wrote this post “Wait. Investing. Cars. Investing in cars. There MUST be a book!” Yep, there is a book:
If you want to read up on how to control your emotions, try “Master Your Reality” and “The Emotional Investor” and you might not buy stock in your first car, like me.
Trimming stocks is a lot like trimming peach trees (duh, Mikey, that’s why they call it trimming)
This week I will be looking to sell off some stocks. But if I do, I’ll likely be taking loses – the Market sucks in August, as trading historians say.
I am looking to sell because I am spread too far out. Too many little baby holdings.
As I write this I am in on over 50 stocks and Uncle Warren says that is too many, so that is too many.
This brings me to the Trader Term Of The Day:
Trimming
Now, there are not a lot of real good definitive definitions of trimming when it comes to stocks, out there. But I know what you’re thinking, it’s kind of obvious:
Trimming your stocks means you’re selling off some of your gains (or losses) so you can get some cash out for something else, or to improve the health of your holding.
It’s so tough though. Every stock, no matter how little it is or how little I have invested, I believe in for one reason or another.
I don’t want to dump any of them. I want to keep them all. But I need to listen to people that know what they’re talking about. Warren Buffett knows what the hell he is talking about.
If he says you should be around 20, you should be around 20.
One of these that I trim, will hit at some point.
Just last week, a company I believed in had a big bump from an earnings report.
I had trimmed this one off many weeks ago so I could get some cash out. Bummer.
It sucks but we gotta treat this like a business, and trimming stocks seems like good business. And Focusing your portfolio seems like it too. Just not as fun, though.
We’ll end with Warren talking about why you shouldn’t be owning a bunch of stocks:
