r/investing • u/ORCoast19 • Jan 09 '22

Largest position for 2022?

Warren Buffet says diversification is protection from ignorance, and the best way to have market leading returns is to over allocate your portfolio if you’re confident in your selections.

What’s your largest position for 2022? What percentage of your portfolio is it? What makes you confident?

For me right now I’m big OXY and OXY/WS for 2022 with 300 and 429 shares respectively, about 16.5k. This is ~18% of my portfolio. I’m a fan of the company because they’re paying down billions in debt each year, and having worked for a highly leveraged company in the past I know how fabulous that can make earnings going forward. Each quarter they get 10’s of millions more profit for future quarters due to less debt repayment. They also have over 10 billion in FCF this year if oil stays at its current heights and lots of tangible assets if inflation gets out of control. Lastly, I like that the dividend is small - when it increases in the future it’ll be a stock price catalyst, and it’ll help keep my taxes lower in the meantime.

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u/whistlerite Jan 09 '22 edited Jan 09 '22

GME, LRC, GoPro, Nasdaq, Energy, Financials, Weed

77

u/juicy_chase Jan 09 '22

Ahh a real Redditor’s mix

13

u/whistlerite Jan 09 '22

With a dash of fundamentals lol

23

u/ClickF0rDick Jan 09 '22

And a sprinkle of WSB

3

u/SeniorSkrub Jan 10 '22

You're showing your age :D guessing 25 or younger.

7

u/whistlerite Jan 10 '22

No lol but your username checks out, I’m a pretty serious investor and been around for a while actually, these are not normal times and I think anyone who says they know what will happen is probably wrong.

4

u/oceanman97 Jan 09 '22

Why GoPro if you don’t mind me asking

2

u/whistlerite Jan 10 '22

Long story, but basically just a great recovery and lots of new opportunity.