Sept. 1, 2020
Introduction
It is time for me to learn how to manage my investment portfolio. I like to do a short review of my portfolio.
Stock portfolio
Risk is hard to manage as a beginner. There is a market risk. If market crashes before US president election, or there is big down turn in September, then I will have to plan to cut losses around 7 or 8 percent.
Otherwise I like to see if I can manage the portfolio over one month, and expect those oil stocks will have same performance from July 31 to August 31, so I can sell and make gains around $5000 to $6000 dollars.
This is the first time I take risk to invest same day all those $62,000 dollars, and then expect to get some return.
One thing is to expect some good news about coronavirus, the market will go up quickly to celebrate like Abott $5 dollars 15 minutes coronavirus test.
Actionable Items
On Sept. 1, 2020, the portfolio has over $300 dollars gains. I should sell the profit and then set up purchases, so those shares can be purchased back.
My original plan is to let the portfolio go up with more than $2,000 dollars gains, and then sell some of positions. But without good news, the stock price does not go up very much.
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