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Originally Posted by Buehler445
That's all fair, and I don't have any so I recognize that it's easier for me to say.
I would say that if it has a Dell type run, is that even possible? I heard just today the market cap of NVDA is bigger than the stock market of Germany and the increas in market cap was enough to represent the ENTIRE market cap for GM, Ford and Ferrari.
If it goes up like the Dell stock did then it would just be, what? bigger than every other stock on the planet combined? I don't think I'm going out on a limb saying that move has already happened (see Hog Farmer's story).
FOMO is a real thing, but goddamn, I'd have trouble not booking at least the 10% to me to even.
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Quote:
Originally Posted by lewdog
What percentage do you normally allocate to individual stock position size? You could sell off some of NVDA to get it down to your normal range if it's taken over a large percentage of your total individual stock percentage.
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I've historically had only a mostly hypothetical dollar amount limit on any individual stock holding, and I'm really diversified, so that limit is only about 2 percent of my total investments. I say 'hypothetical' because until the past couple of years I'd never had a stock reach that dollar amount. Now, though, I have five that are above the limit - NVDA, GOOG, MSFT, AAPL, and AMZN - because they all shot up so much last year. The last four are not too far above my limit, but NVDA shot up so much that it's now about 4 percent of my total holdings. That's making me nervous, but it's also letting me dress like that guy on the Monopoly money right now.
I'm going to keep selling off tiny amounts of NVDA if it keeps going up, but at the same time it feels like I'm voluntarily pulling my head out of one of those neverending chocolate fountains at Golden Corral. Every time I sell, the stock is 10 percent higher the next time I look. I sold my first defensive share last year at $438 and now it's pushing $800. At some point it's got to slow down, but maybe that won't happen until I'm doing two chicks at the same time. The stock may be high, but at the same time all I'm hearing is that they can't make those chips fast enough to meet the sales that are pouring in. From an investing perspective, it's tough to land a plane like that when I've been wanting a ride on it my whole life.