After my portfolio past yesterday, I began to reevaluate my risk tolerance.
I have over 58% of my portfolio in stocks. The rest is in 401k/IRA accounts. That’s way too high risk. Especially since a lot of them are speculation stocks, no matter how much I believe in the companies.
So I’ve been thinking about rebalancing my portfolio, especially since I plan on buying a house soon. This sounds about right.
30% stocks (limit to 30% speculation)
40% mutual funds
I’m going to miss getting such fast growth from volatile stocks but I know that streak can’t last for long. I’ll update with the specifics when I figure them out.
My portfolio consists of:
Bought 1994 NOK at $3.51 on May 7th based on some stuff I read on Trefis, the mass bullish opinions, and the possibility of Windows Phone doing well.
Actually saw Windows Phone wasn’t doing well (from news and from personal observation) so I put in sell order last week at $4.21 which it never reached (stayed at around $4.17) thinking I’d get out ahead while I could.
Then last night browsing my Feedly RSS reader, I saw MSFT acquired devices division of NOK. Canceled sell order which thankfully went through (difference of $2k). Sold today at $5.26. 50% gain. $3.5k made. Thanks Feedly!