PM is a sore point. I had a sell order which missed by a few cents. It didn't catch and then went from a profit to a loss quite rapidly after that. I think I went from +20% to -20% on PM.

BP and Total were bigger stakes, but I don't want to be in Oil & Gas long term so only recently sold Total and a good chunk of BP. Took profit on WMT and FeverTree too so now the top 3 holdings are about equal weighted.

For me 2018 is shaping up as a battle between how much I make from AMD vs how much I bleed on tobacco and China-exposed companies.

This seems to confirm Buffett statement about buying a low cost tracker on S&P instead of cherry picking stocks
https://www.cnbc.com/2018/01/03/why-...nvestment.html

Having said that, I have recently read that Altria/Philip Morris has been the best performing stock in the S&P for a very long time (19% avg annual gain with dividends reinvested), so assuming your tobacco stocks still pay a dividend you should probably be happy that their price has gone down

Link here
https://www.portfoliovisualizer.com/...ocation2_2=100

Summary: a 10K investment in MO in Jan 1994 would be ~470K today, while 10K invested in SPY would be ~98K -- dividends reinvested.

yes, i'd be happy with this except for a few points:

1. i currently don't have any more money to invest
2. i'd rather the tobacco companies stop wasting money on new-fangled HNB or Vaping and stick to their tried and tested cancer-sticks
3. not sure whether tobacco is a dead industry with increasing health-conscious generations and gradual pseudo-outlawing of tobacco.

but yes, assuming tobacco doesn't get killed through regulation or changing trends, it potentially is set-up for some huge gains once investors shift from growth back to safety.

In that case you might prefer Imperial Tobacco to the others in this regard. They have hardly any R&D spend compared to the others.

PM is the biggest R&D spender.

They'll just buy into the marijuana-craze, once it gets legalized everywhere.
And it will get legalized, because countries need the taxes like an addict needs his fix.


Not a fan of these kinds of companies, TBH.


Though I'm not a fan of banks, either and now the money is just sitting in the bank.

In the end, it's a rabbit-hole that leads to nowhere.

i looked at canopy and also at an indirect exposure via constellation brands. cgc would definitely have made money, but not convinced on it. i wonder how big that market would be?

For that precise reason Terry Smith sold Imperial and bought PM
https://www.fundsmith.co.uk/docs/def...lders-2017.pdf

absolute m***F***s so i set a sell order last night to free up cash to buy into MO and after months of this stock price languishing at lows, what day did it decide to spike up 6% for no bloody reason whatsoever???? i hate the stock market.

He already had the state in P.M, It's the only US listed company FS hods with zero US earnings.

It depends on if you believe investment in R&D to be a good one or not. PM is boldly pushing on with the IQOS and other products. Imperial is less so.

Excluding all other factors of the business of course

Based on one news report of the FDA cracking down on e-cigarette companies in the US (youth use) I love the stock market

so ridiculous. that the FDA might do something. and that this might make these vapers suddenly decide to smoke instead is worth a 6% jump? anyway. i set a limit order and wait for the price to drop once this news is forgotten and the stock goes ex-div.

The market being 'wrong' is good. Gives us 'irrational' prices to take advantage of

FB down nearly 25% from the beggining of the year.

And so are many other stocks - look at financial companies for example.
https://www.yardeni.com/pub/breadth.pdf

Nvidia has lost about 50% since October.
I guess it is normal to expect growth stocks to fall hard from time to time...

Yeah but no one would have predicted such a drop of FB. That said it was all their own doing.

Nonsense, not for the major players.