My Worst Mistakes Have Been My Biggest Winners

Oct. 03, 2024 7:45 AM ETAAPL, MSFT, AMZN, MAIN, EPRT, SPY, DIV, SCHD, IDV, VST, ET, NVDA, BTC-USD, UNM, VST.WS.A, UNMA, NVDA:CA, MSFT:CA, AAPL:CA, AMZN:CA9 Comments
(10min)

Summary

  • I employ an opportunistic capital recycling strategy for high-yield stocks.
  • However, this has caused me to miss out on some massive upside on several occasions.
  • I share why this is and how I am approaching investing as a result.
  • Looking for a portfolio of ideas like this one? Members of High Yield Investor get exclusive access to our subscriber-only portfolios. Learn More »

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There is an old saying in investing: "Cut your losers and let your winners run." While there's a lot of wisdom to that statement, I don't always apply it. The wisdom comes from the fact that it is difficult to overvalue truly wonderful

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This article was written by

Samuel Smith profile picture
35.08K Followers

Samuel Smith has a diverse background that includes being lead analyst and Vice President at several highly regarded dividend stock research firms and running his own dividend investing YouTube channel. He is a Professional Engineer and Project Management Professional and holds a B.S. in Civil Engineering & Mathematics from the United States Military Academy at West Point and has a Masters in Engineering with a focus on applied mathematics and machine learning.

Samuel leads the High Yield Investor investing group. Samuel teams up with Jussi Askola and Paul R. Drake where they focus on finding the right balance between safety, growth, yield, and value. High Yield Investor offers real-money core, retirement, and international portfolios. The service also features regular trade alerts, educational content, and an active chat room of like-minded investors.

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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