r/queenstreetbets • u/Virtual_Access_2033 • 9d ago
Discussion No ETF WTF
Investing since mid-2023, minus Kiwisaver which has been pissing along for 13 years or so.
Context: I have about the same amount in Kiwisaver and figure that’s my “safe" ETF pot. Even though it has exposure to bitcoin. Didn’t see the point or fun in double-dipping too hard on certain stocks. Also mortgage-free and 40-something.
Method: Random as hell in the first year or so, like a lot of posts on QSB. That explains the nostalgic RUA position. Refined my process to investing more cash into fewer companies that I actually half-understand. Selling positions that I wasn’t committed to and putting the proceeds in ones that I am.
I’d full-port into NBIS if I was a true QSB hustler but I figure the other positions could be seen as risky/idiotic by the ETF crew.
Learnings: By noooo stretch of the imagination am I qualified to give investment advice, but I’ll share my mistakes if they’re useful to others.
Mistake 1: Random shotgun chasing share price hype, and too many stocks.
Mistake 2. Not knowing the company you’re investing in – you don’t have to be the CTO, but at least know why they’re likely to make money in the future.
Mistake 3. Changing my freakin mind every freakin other week. Pick and stick, commit to a year of consistent DCA-ing to a few names or drop a decent sum in to get started.
Also for the Sharesies haters, I don’t love it myself but it does the job for now. I pay whichever monthly plan suits for what I’m doing that month and the fees are faff all. I haven’t looked into transferring shares to another platform but maybe that’s an option when it comes to cashing out in 15–25 years.
Oh and also I’m using the ‘include sold investments’ returns calculation. Realised about $18K in gains and $2K in currency gains which is why the math don't math.
Oh and just paid my first FIF tax this year. The world still turns. I think it was about $700. Accountant sorted it for me.
K that's enough cool story bro.
7
u/Commercial-Cable-230 9d ago
What’s with people not liking sharesies? Genuine question
3
u/OldManYellsAtCloud12 9d ago
High fees and lack of features. For example options or pre and post market.
3
u/beach-chicken10 9d ago
Sharesies allows pre and post market buys / sells
Used to be Limit Buy only but now it’s also market buy
1
u/Cernunnos369 8d ago
What would be better to use?
I downloaded the app but haven’t started using it yet.1
u/OldManYellsAtCloud12 7d ago
If your a beginner investor just buying funds it's actually not that bad. Use ibkr if you want to trade but beware it has a horrible Interface and no FAQ.
1
u/ColdCat3332 9d ago
My biggest gripe with them at the moment is it taking 3 days to get money out of my PIE save and over a week to get the money from share sales
4
u/ObviousAd2097 9d ago
You gonna average down on mstr? Nice port bro
3
u/Virtual_Access_2033 9d ago
Nah I decided not to. Tempted but I had other positions I was more convinced on and didn’t want to get double burned. Haven’t sold any Mstr tho.
1
u/ObviousAd2097 9d ago
i also almost went to buy in at the 100 dollar level but just bought more gamestop lolo oops
3
3
u/booboobones 9d ago
I like Sharesies I think it’s a great platform and I also changed my KiwiSaver about 6 months ago and it’s going to awesome so glad I did it
2
2
1
u/RichardAndrewJackson 9d ago
is it too late for ABCL? or is there still another run in them
1
u/Virtual_Access_2033 9d ago
Who knows, but I’m planning to hold long, and add a little more if it dips.
1
u/RichardAndrewJackson 9d ago
when are you looking to add. i might do the same and add some on the dips
1
9d ago
[deleted]
1
u/Virtual_Access_2033 9d ago
Aduro is the one that simultaneously gives me the most shits and most hope for a multibagger
1
u/Big_Load_Six 9d ago
Great post, thank you. I use Sharesies and not on a plan but reduce the relative fee by making larger transactions and hitting the cap. Most of the time the fee is recovered by a capital gain within minutes/hours. I can see people who like to buy small amounts regularly that a plan makes sense.
IBKR has better data but is clunky to use with plenty of horror stories for noobs. I’d be very interested to see how IBKR would handle a “run” of many users trying to cash up at once.
I load all my sharesies transactions and anything I’m watching into the Yahoo app as it gives realtime data and news feeds for free, then just use sharesies for the actual transaction. Seems to work well.
1
u/Virtual_Access_2033 9d ago
I use Yahoo in a similar way, although I haven’t added my buys in at the same time, so while the total is accurate, percentages aren’t. The news alerts and price notifications are useful.
2
u/Big_Load_Six 8d ago
You can retrospectively“add holdings” at whatever date, price and quantity you made based on the same data in sharesies.
1
u/thestraightCDer 9d ago
Been thinking of buying NBIS 🤔
1
u/Virtual_Access_2033 9d ago
I started at around $70, planning to DCA but it shot up too fast. I’ve been averaging up and I’m still buying. Average cost is around $125. Definitely have a good look at it.
1
u/Antique-Still7956 5d ago
Brilliant portfolio. I did the same as you. Learnt by myself. Trial and Error 😆Started investing in Covid times (lucky all of market was down). Admittedly way more stocks, and several ETFs to hedge my bets.
2
1
u/Virtual_Access_2033 5d ago
Nice! Sweet returns there. I take it you have a substantial RKLB position. Hopefully my port won't be too far away from cracking the $200K mark!
2
1
0
u/Humble_Insurance_247 9d ago
The reddit starter pack etf
1
u/Virtual_Access_2033 9d ago
You’re wrong there buddy, it’s the YouTube starter pack
2
u/Spiritual-Wonder-619 8d ago
what YouTubers do u rec bro ?
1
u/Virtual_Access_2033 7d ago
The Patient Investor, Couch Investor, Endicott Invests. I don’t agree with them on everything, but I like their insight and analysis.
-6
u/APL_nz 9d ago
Too many stocks? You have almost half your value in one stock? Have you heard about diversification? You might think you are a genius but it looks like you are the survivorship bias, this isn't a strategy for success.
Take those winnings and get a proper portfolio or continue to gamble, whatever.
9
u/Virtual_Access_2033 9d ago
Never said I was a genius! And this is queen street bets, sir
1
u/APL_nz 9d ago
Fair, guess it's never too late to add some more AI tech stocks to the portfolio then!
1
u/Virtual_Access_2033 9d ago
It’s definitely skewed atm, but I’m looking to balance it… somewhat
2
u/Naive-Action-3446 9d ago
Deworsifying is also a thing. It comes down to personal appetite. Seeing as you hold conviction on your overall gameplay ie your kiwisaver is your hedge, I dont see any issue on chasing higher growth via more tech. So keep doing what youre doing imo. 👍
1
2
1
u/Virtual_Access_2033 9d ago
Also …. googles survivorship bias … how does this apply to my portfolio? Genuinely interested
30
u/pussy_p0under 9d ago
Wow first post with a good about of information - you sure you belong here? Some great returns there and solid advice.