Well unlike other years there has been some change in my investment holdings not necessarily what I am invested in, but as I have grown more confident in my stock picking ability (scary thing) I have begun to weed out positions I have felt less confident in or only owned a small position in and have reduce the number of stocks I own from 40 stocks to 30 stocks and have become much more concentrated in the stocks I feel much more confident about.
Now I am still certainly a long-term buy and hold investor and of the 10 stocks I sold I owned just about every one of them 5+ years and well given my investment performance this year I think things are headed in the right direction.
I will admit to one completely boneheaded moron move. In my 401k you will notce I own VTINX which is the Vanguard Retirement Income Fund – which basically owns cash and bonds and safe investments. Going into 2013 I was feeling smart (scary thing) and you know the market has been on a crazy run since 2009, so I knew the top was coming so I moved $20,000 of my 401k money into this basically cash fund as a hedge that I could then move into an all stock index fund when the market inevitably had its pullback. Yeah the market had one of its best years ever returning nearly 30% and I had $20k sitting in cash as a young person investing for a retirement 20+ years down the road. I’ve said it before – you are an idiot if you think you can time the market and there is a 100% chance you will hurt your investment returns. Unfortunately I didn’t listen to myself. In the grand scheme of things it probably only cost me $2-3k, but I am a moron and learned another lesson.