Hello everyone,
I am 29M based in UK. I am looking to get feedback and suggestions for building my portfolio which requires least supervision and that compounds over time.
VUAG - 51K
VUSA - 34K
EQQQ - 19K
Individual stocks - 600 pounds
Cash - 70K (bank account)
About me - I have historically invested in S&P500 in ISA each year and never thought about investment further than that. Everytime I tried buying stock - I get overstimulated and sell at panic (with slight loss; in turn those stocks do go up in a longer timeframe - I just didn’t have the conviction or patience to leave it be)
I am concerned about AI crash as well as every AI stock looks unreasonably overpriced and things look like a bubble.
I am wondering what should I do with my cash.
Few options -
1. Buy more VUAG
2. Buy All world VWRL
3. Keep cash for little longer
I tried stock picking and understanding equity market and realised how hard it is for a regular person to pick and hold stocks. All the speculations and future growth are already priced in by the time you realise an opportunity. It looks like the moment I think it is a good idea to buy that stock - the moment has gone and price has already gone up. Institutions have money and information to analyse and process information and by the time I come to buy the stock - I am buying at a high premium with little opportunity for growth.
How do you build the conviction of buying stocks and holding them? How do you pick ETFs that makes sense for you long term?
I think I have kept my greed in check and now looking for a long term compounding rather than short term gains. Probably because I realise chasing short term gains does not gel with my behavioural pattern so far.
I would appreciate some tips from the community on how do (or did) you go about these questions.
Thanks in advance!