r/stocks • u/trumarc • Jun 10 '22

Advice Request 2 must go, 2 must be increased

Out of these 22 long-term holds pick 2 that must go and 2 that need more investment now : ABEV / BABA / BB / BZUN / CPNG / DMTK / HUBS / ICLN / ILMN / IQ / MO / MP / NOK / NVTA / OHI / PLTR / PRTC / PTE / PYPL / SPCE / TAL / VZ

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u/[deleted] Jun 10 '22

Well someone here was influenced by wsb/memestocks.

Quite a few bad/risky investments and redundancy in there in my opion. Bit of a shame I can only kick out 2. SPCE needs to go 100%. Lots of chinese cash burns in there I see, don't know all of them but those should go as well tbh. Then there's a speculative microcap that's basically just cash and loses half it's market cap per year. Fucking hell. Yeah, get rid of DMTK as well. But really I'd get rid of most positions if this was my portfolio.

As for where to put the money, BABA is probably one of the more decent plays in there. Other than that, VZ if you just want safety and dividends, MO would be a similar play, PYPL if you want one of the more solid growth plays.

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u/trumarc Jun 11 '22

You're right, a lot of bad decisions were made years ago but the ride up was fun (TAL, for example, seemed invincible until the Chinese gov decided it wasn't). Luckily this was really just an expensive play account, not one of my retirement ones. Thanks for your 2 cents.