Portfolio of individual stocks [Non-US]

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Topic Author
Balance1
Posts: 24
Joined: Wed May 18, 2022 10:41 am

Portfolio of individual stocks [Non-US]

Post by Balance1 »

Hello,

I am new to investing into stock market. Need an advice on below portfolio developed for me by one local advisor.
The portfolio is down from about $70k to around $20k.
The justification of the advisor is that portfolio was created with 5 year time
span in mind.

Can you please recommend what to do with the portfolio or suggest a good CPA who could
help to assess the portfolio and provide recommendations on which positions to close and which ones to keep for long term.

Note. I am not a US resident and do not have IRA or 401k. Taxes are not an issue and should not be considered.
These are not my last funds and I can hold the positions for 5 years if necessary/makes sense. Please help.

Ticker Quantity Purch Price
CDR 44.00 $41.50
BLND 50.00 $19.39
BLUE 50.00 $10.42
BNSO 250.00 $7.78
BYND 20.00 $167.98
COUR 45.00 $41.58
DARE 200.00 $2.28
DIDI 150.00 $10.54
DUOL 25.00 $136.17
GOTU 30.00 $28.07
GPS 50.00 $26.94
GTLB 15.00 $92.57
HOOD 15.00 $58.83
INTC 20.00 $58.11
MNDY 4.00 $326.05
MRNA 10.00 $259.20
PHUN 1100.00 $4.98
PRLB 15.00 $115.14
PYPL 5.00 $180.55
REGI 10.00 $90.11
SGFY 50.00 $17.19
SGRP 150.00 $3.61
SIEB 200.00 $6.22
TRVN 276.00 $2.14
TSVT 16.00 $26.65
TTWO 15.00 $177.25
TUR 0.00 $19.52
WISH 100.00 $7.01
WKME 50.00 $30.19
ZM 3.00 $301.67
vededju
Posts: 5
Joined: Fri Jan 07, 2022 12:41 pm

Re: Portfolio of individual stocks [Non-US]

Post by vededju »

Hi,

I do not see any reason that the portfolio your advisor put together has any expectation of outperforming the total stock market.

You do not need a CPA to get investing strategy. CPAs area of focus are in taxes and corporate financial reporting.

in my opinion you should simplify your portfolio and diversify. There are several ways to do this and the bogle head wiki has several sources. I would recommend starting here. https://www.bogleheads.org/wiki/Three-f ... hree_funds
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Khan
Posts: 50
Joined: Tue Mar 08, 2022 12:19 am

Re: Portfolio of individual stocks [Non-US]

Post by Khan »

You just need to invest entire cash in an ireland domiciled all world etf like VWRA / VWRD and keep buy it every month regardless of market conditions.

Truth about financial advisors.

Image
gougou
Posts: 1317
Joined: Thu Sep 28, 2017 7:42 pm

Re: Portfolio of individual stocks [Non-US]

Post by gougou »

Looks like you are not so good at picking stocks. Maybe you should consider selling everything and buying an index fund such as VOO, VT or even QQQ.
The sillier the market’s behavior, the greater the opportunity for the business like investor.
TedSwippet
Posts: 5181
Joined: Mon Jun 04, 2007 4:19 pm
Location: UK

Re: Portfolio of individual stocks [Non-US]

Post by TedSwippet »

vededju wrote: Wed May 18, 2022 3:22 pm in my opinion you should simplify your portfolio and diversify. There are several ways to do this and the bogle head wiki has several sources. I would recommend starting here. https://www.bogleheads.org/wiki/Three-f ... hree_funds
The funds and ETFs shown in this wiki article are US domiciled. Because of hostile US tax laws they are probably unsuitable -- and likely even damaging -- for a non-US investor. Non-US investors should instead consult the articles written for non-US investors:

Simple non-US portfolios - Bogleheads
gougou wrote: Thu May 19, 2022 12:00 am Maybe you should consider selling everything and buying an index fund such as VOO, VT or even QQQ.
As above. VOO, VT and QQQ are all US domiciled, making them probably unsuitable holdings for a non-US investor.
Topic Author
Balance1
Posts: 24
Joined: Wed May 18, 2022 10:41 am

Re: Portfolio of individual stocks [Non-US]

Post by Balance1 »

gougou wrote: Thu May 19, 2022 12:00 am Looks like you are not so good at picking stocks. Maybe you should consider selling everything and buying an index fund such as VOO, VT or even QQQ.
I agree. As a new stock investor, I got the lesson and with new money I am investing into the ETFs.

Regarding this existing portfolio - if I sell everything now I will lose 60% of the investment.
I am trying to understand which stocks in the portfolio make sense to keep for 2-3 years and which
ones to sell to at least recover some investments.
Topic Author
Balance1
Posts: 24
Joined: Wed May 18, 2022 10:41 am

Re: Portfolio of individual stocks [Non-US]

Post by Balance1 »

TedSwippet wrote: Thu May 19, 2022 2:51 am
vededju wrote: Wed May 18, 2022 3:22 pm in my opinion you should simplify your portfolio and diversify. There are several ways to do this and the bogle head wiki has several sources. I would recommend starting here. https://www.bogleheads.org/wiki/Three-f ... hree_funds
The funds and ETFs shown in this wiki article are US domiciled. Because of hostile US tax laws they are probably unsuitable -- and likely even damaging -- for a non-US investor. Non-US investors should instead consult the articles written for non-US investors:

Simple non-US portfolios - Bogleheads
gougou wrote: Thu May 19, 2022 12:00 am Maybe you should consider selling everything and buying an index fund such as VOO, VT or even QQQ.
As above. VOO, VT and QQQ are all US domiciled, making them probably unsuitable holdings for a non-US investor.
Thanks a lot TedSwippet! This is a great point. I was not aware about the difference.
Topic Author
Balance1
Posts: 24
Joined: Wed May 18, 2022 10:41 am

Re: Portfolio of individual stocks [Non-US]

Post by Balance1 »

Khan wrote: Wed May 18, 2022 11:55 pm You just need to invest entire cash in an ireland domiciled all world etf like VWRA / VWRD and keep buy it every month regardless of market conditions.

Truth about financial advisors.

Image
Thanks for the advise. So you do not recommend buying US domiciled ETFs tailored for non-US citizens (i just learned about them from other user here).
Laurizas
Posts: 519
Joined: Mon Dec 31, 2018 3:44 am
Location: Lithuania

Re: Portfolio of individual stocks [Non-US]

Post by Laurizas »

Balance1 wrote: Thu May 19, 2022 7:12 am I am trying to understand which stocks in the portfolio make sense to keep for 2-3 years and which
ones to sell to at least recover some investments.
So, basically, you try to predict the future, good luck with that.
DJN
Posts: 996
Joined: Sun Nov 19, 2017 11:30 pm

Re: Portfolio of individual stocks [Non-US]

Post by DJN »

HI,
which of your existing stocks to keep?
I don't know each individual ticker but many are listed on the Nasdaq index, many are bio companies and the whole thing looks like a version of some sort of Arkk facsimile or something similar. If you have been advised to buy this stuff recently it beggars belief that someone would give you advice like that. The Nasdaq is down roughly -30% and Arkk is down over -70%, you are down -71%. S&P is down less than 20%.
You are right to consider which ones to keep, only one way to check that, go through each single stock and understand the status of the company, the fundamentals of each one and sell or keep as appropriate.
You said that tax doesn't matter to you, that's probably a mistake, what jurisdiction are you resident in for tax purposes?
Have you considered estate tax implications, although the performance and the current value shouldn't pose you with that problem?
https://www.bogleheads.org/wiki/Outline ... _domiciles
https://www.bogleheads.org/wiki/Getting ... _investors
https://www.bogleheads.org/wiki/Buildin ... _portfolio
Good luck,
DJN
Yah shure. | Have a look at the Bogleheads Wiki in the first instance.
Topic Author
Balance1
Posts: 24
Joined: Wed May 18, 2022 10:41 am

Re: Portfolio of individual stocks [Non-US]

Post by Balance1 »

DJN wrote: Thu May 19, 2022 8:33 am HI,
which of your existing stocks to keep?
I don't know each individual ticker but many are listed on the Nasdaq index, many are bio companies and the whole thing looks like a version of some sort of Arkk facsimile or something similar. If you have been advised to buy this stuff recently it beggars belief that someone would give you advice like that. The Nasdaq is down roughly -30% and Arkk is down over -70%, you are down -71%. S&P is down less than 20%.
You are right to consider which ones to keep, only one way to check that, go through each single stock and understand the status of the company, the fundamentals of each one and sell or keep as appropriate.
You said that tax doesn't matter to you, that's probably a mistake, what jurisdiction are you resident in for tax purposes?
Have you considered estate tax implications, although the performance and the current value shouldn't pose you with that problem?
https://www.bogleheads.org/wiki/Outline ... _domiciles
https://www.bogleheads.org/wiki/Getting ... _investors
https://www.bogleheads.org/wiki/Buildin ... _portfolio
Good luck,
DJN
These stocks were purchased by my former advisor during 2020-2021.
If I was able to check the fundamentals of each stock, I would probably pick stocks myself :(
Not sure I can evaluate these stocks myself and understand which ones have a potential to come back.
That is why, i am here trying to find out the best way to do that. Maybe someone can recommend an SME to help with this.
gougou
Posts: 1317
Joined: Thu Sep 28, 2017 7:42 pm

Re: Portfolio of individual stocks [Non-US]

Post by gougou »

Balance1 wrote: Thu May 19, 2022 11:03 am
DJN wrote: Thu May 19, 2022 8:33 am HI,
which of your existing stocks to keep?
I don't know each individual ticker but many are listed on the Nasdaq index, many are bio companies and the whole thing looks like a version of some sort of Arkk facsimile or something similar. If you have been advised to buy this stuff recently it beggars belief that someone would give you advice like that. The Nasdaq is down roughly -30% and Arkk is down over -70%, you are down -71%. S&P is down less than 20%.
You are right to consider which ones to keep, only one way to check that, go through each single stock and understand the status of the company, the fundamentals of each one and sell or keep as appropriate.
You said that tax doesn't matter to you, that's probably a mistake, what jurisdiction are you resident in for tax purposes?
Have you considered estate tax implications, although the performance and the current value shouldn't pose you with that problem?
https://www.bogleheads.org/wiki/Outline ... _domiciles
https://www.bogleheads.org/wiki/Getting ... _investors
https://www.bogleheads.org/wiki/Buildin ... _portfolio
Good luck,
DJN
These stocks were purchased by my former advisor during 2020-2021.
If I was able to check the fundamentals of each stock
, I would probably pick stocks myself :(
Not sure I can evaluate these stocks myself and understand which ones have a potential to come back.
That is why, i am here trying to find out the best way to do that. Maybe someone can recommend an SME to help with this.
Those are some serious red flags. It sounds like you have no idea what you are doing.

It is not a good idea to rely on stock picks from strangers on an anonymous forum, just like it was not a good idea to rely on your advisor to pick stocks for you.

Your money is already lost on those stocks. What matters is how you invest going forward. And I still believe you should just sell everything and invest in some index funds.
The sillier the market’s behavior, the greater the opportunity for the business like investor.
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