Rebalancing and diversifying my portfolio after reaching 1m. Are my picks and allocation trash?
This has never worked out well for me. Every time I have sold, it would have been better to hold. Every time I diversify, it would have been better to be concentrated. Luckily, I have never lost money with stocks as my 350k investment over the last 4 years has turned to 1 million this week.
Recently, I liquidated my entire AMD position just a few hours before earnings and it obviously ran like crazy, I would have been 100k richer if I just held. After selling AMD, I parked in META temporarily (-1% so far). I held NVDA because I thought it was undervalued with a PEG ratio below 1 and I didn't want to make the same mistake as with AMD. Obviously NVDA dropped slightly after earnings.
I decided over the past few days that I would liquidate my entire META and NVDA positions, despite them currently having good valuations to go for lower market cap stocks with higher beta and potential for growth.
**After selling AMD 2 weeks ago :**
| Ticker | Avg Cost / Share | Value |
| --------- | ---------------: | ----------------: |
| ***AMD*** | $114.20 | $0.00|
| NVDA | $144.11 | $274,197.38 |
| AFRM | $72.87 | $52,795.35 |
| AIDX | $1.43 | $62,068.41 |
| UPST | $37.22 | $79,115.47 |
| ***META*** | $619.11 | $365,113.40 |
| ASPI | $8.46 | $9,216.58 |
| WELL | $4.01 | $16.68 |
| OPFI | $10.05 | $21,657.17 |
| SEZL | $62.30 | $44,779.38 |
| MU | $276.61 | $94,566.05 |
| CASH | — | $7,576.33 |
| **TOTAL** | | **$1,011,102.21** |
**Current portfolio:**
| Ticker | Avg Cost / Share | Value |
| --------- | ---------------: | ----------------: |
| ***NVDA*** | $144.11 | $0.00 |
| ***AFRM*** | $72.87 | $0.00 |
| ***AIDX*** | $1.42 | $62,609.55 |
| ***UPST*** | $32.12 | $166,315.57 |
| ***META*** | $613.67 | $206,856.77 |
| ASPI | $8.46 | $9,217.25 |
| ***WELL*** | $4.01 | $0.00 |
| OPFI | $10.05 | $21,658.74 |
| SEZL | $62.30 | $44,782.63 |
| MU | $276.61 | $94,481.35 |
| ***NOW*** | $99.35 | $281,100.13 |
| ***NU*** | $13.15 | $70,118.72 |
| ***PSIX*** | $39.09 | $50,390.55 |
| CASH | — | $8,140.48 |
| **TOTAL** | | **$1,015,671.74** |
**Final portfolio, probably tomorrow:**
| Ticker | Avg Cost / Share | Value |
| --------- | ---------------: | ----------------: |
| NVDA | $144.11 | $0.00 |
| AFRM | $72.87 | $0.00 |
| AIDX | $1.42 | $62,609.55 |
| UPST | $32.12 | $166,315.57 |
| ***META*** | $613.67 | $0.00 |
| ASPI | $8.46 | $9,216.68 |
| WELL | $4.01 | $0.00 |
| OPFI | $10.05 | $21,658.03 |
| SEZL | $62.30 | $44,781.17 |
| MU | $276.61 | $94,481.35 |
| ***NOW*** | — | $300,000.00 |
| ***NU*** | $13.15 | $70,118.72 |
| ***PSIX*** | $39.09 | $200,000.00 |
| ***CORZ*** | — | $46,000.00 |
| CASH | — | $490.67 |**
| **TOTAL** | | **$1,015,671.74** |
Luckily for me, selling has no tax impact for me outside of 123k help in a retirement account taxed upon withdrawal, the rest is in a tax-free account. As the title says, what do you guys think? Am I making a big mistake? Is my allocation or my picks bad? There's still time to walk it back since I haven't suffered any losses yet!