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|Subject: Re: On second thought, 2828 - Small Cap Issue||Date: 1/27/2013 7:28 PM|
|Author: TreyAnas||Number: 668585 of 789643|
Excellent question. For me:
1. There has absolutely been a tax advantage to having individual stocks. During the downturn, I selectively "harvested capital losses" to offset gains, then reinvested in other companies I thought had similar potential. This isn't always (or even normally) a great idea, but has worked well for me around the edges of the portfolio.
2. I often enjoy reading about companies and their businesses. I truly look forward to Buffett's Berkshire letter every year, for instance.
3. I think my large cap assets, which are all individual stocks, have outperformed the S&P. Because I only track performance of the whole portfolio, though, I can't at this moment say the definitively. My bad.
So, yeah, individual stock selection isn't for everybody. Trey
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