Organizing a watch list
Our club is interested in keeping a watch list of stocks
that are presented, not bought, but then unfortunately
forgotten. Am interested how other clubs manage this
problem. Thanks. Colene
that are presented, not bought, but then unfortunately
forgotten. Am interested how other clubs manage this
problem. Thanks. Colene
Sure, put them in a watch list - and watch the list.
Our club maintains a watch list to do just that.
Use excel or Word; we use Manifest Investing.
Bob Shaw
President Classic Strategy Inv. Club
> On May 12, 2020, at 3:05 PM, Colene Walden via bivio.com <user*30868000001@bivio.com> wrote:
>
> Our club is interested in keeping a watch list of stocks
> that are presented, not bought, but then unfortunately
> forgotten. Am interested how other clubs manage this
> problem. Thanks. Colene
Our club maintains a watch list to do just that.
Use excel or Word; we use Manifest Investing.
Bob Shaw
President Classic Strategy Inv. Club
> On May 12, 2020, at 3:05 PM, Colene Walden via bivio.com <user*30868000001@bivio.com> wrote:
>
> Our club is interested in keeping a watch list of stocks
> that are presented, not bought, but then unfortunately
> forgotten. Am interested how other clubs manage this
> problem. Thanks. Colene
Like Bob my clubs have watch lists. We use a dashboard at Manifest Investing too. But you can do just as well by creating a second portfolio at the BI Online Tools. Just name the portfolio as "watch list". To give the watch list a value (dollar amount) we fund the watch list with $100 fake dollars. In other words, we figure out how many shares including decimals we would get for a pretend $100. Someone can be responsible for watching all of the watch list stocks or you can spread it out. What we do is everyone has 1 stock from the portfolio to watch and 2 stocks from the watch list to follow.
I hope that helps.
Kevin Gillogly
Sure, put them in a watch list - and watch the list.
Our club maintains a watch list to do just that.
Use excel or Word; we use Manifest Investing.
Bob Shaw
President Classic Strategy Inv. Club
> On May 12, 2020, at 3:05 PM, Colene Walden via bivio.com <user*30868000001@bivio.com> wrote:
>
> Our club is interested in keeping a watch list of stocks
> that are presented, not bought, but then unfortunately
> forgotten. Am interested how other clubs manage this
> problem. Thanks. Colene
Create a list on a website like Yahoo Finance. Use the date you put the stock on the list as a purchase date and the price at that time as the cost basis. Hard to forget a stock with that!
-----Original Message-----
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Robert Shaw via bivio.com
Sent: Tuesday, May 12, 2020 3:16 PM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] Organizing a watch list
Sure, put them in a watch list - and watch the list.
Our club maintains a watch list to do just that.
Use excel or Word; we use Manifest Investing.
Bob Shaw
President Classic Strategy Inv. Club
> On May 12, 2020, at 3:05 PM, Colene Walden via bivio.com <user*30868000001@bivio.com> wrote:
>
> Our club is interested in keeping a watch list of stocks that are
> presented, not bought, but then unfortunately forgotten. Am
> interested how other clubs manage this
> problem. Thanks. Colene
IMO:
- Vet the stocks before adding them to a watch list.
- Prepare an SSG and if the partners agreed this is a company of interest, but is not appropriate to buy at this time (variety of reasons), then add to the list.
- Assign a stock watcher to each watch list stock.
- Remove a stock from the watch list if it no longer meets the quality criteria.
- Keep the watch list short, and well balanced.
- Populate the watch list with stocks in Sectors of most interest.
A few suggested reasons to put a stock on a watch list:
This is a Quality Growth Company but:
- Partnership doesn't have funds to purchase at this time.
- Current Price is too high for adequate return. (Wait for lower price.)
- Portfolio already has stocks in that sector or industry (waiting to swap companies)
- Portfolio already has adequate representation in that size (small, medium, large)
Review watch list stocks regularly. Remove those with deteriorating fundamentals.
Linda Glein
Our club is interested in keeping a watch list of stocks
that are presented, not bought, but then unfortunately
forgotten. Am interested how other clubs manage this
problem. Thanks. Colene