Building an equity portfolio as an alternative to ETF's

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Deauville

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Retiring. Tax free lump sum.
I/we will make use of credit union, state savings......
However,
I would like to build a portfolio of equities as an alternative to ETF's / Unit Funds.

Myself and spouse have a joint tenants US online broker portfolio which has reached the US 60k relevant US inheritance tax exemption.
I have an Irish CGT loss to use in the future.

So, in my particular case I'd now like to focus on non US stocks to build a portfolio with a euro broker (Degiro ?).

I have been asking ChatGPT (AI) to list conglomerates/blue chips.

Question.
Has anyone any other ideas on methods to gather a list of potential stocks ?
Resources, websites ?

I'm not asking for individual company/stock names.

I plan on also assigning a smaller portion to growth stocks. I will research these separately.

Many thanks for any insights.
 
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Deauville said:
I have an Irish CGT loss to use in the future.
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How big is the loss in relation to the amount you have to invest?

Non dividend paying shares like Berkshire Hathaway might be useful to build up gains to utilize those losses.

But if they are not material losses, then it would not be a factor.
 
Brendan Burgess said:
How big is the loss in relation to the amount you have to invest?

Non dividend paying shares like Berkshire Hathaway might be useful to build up gains to utilize those losses.

But if they are not material losses, then it would not be a factor.
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Hello Brendan.
The past loss (property years ago) would cover any existing unrealised gains and still leave me another 60k against future gains.
So it makes sense to be subject to CGT rather than Exit for the present.
Yes I have Berkshire as dividends aren’t an issue for me.
Basically I’m trying to build a menu of suitable stocks.
With AI I can stipulate some criteria which is helpful.
I’m seeking other avenues for adding to my list of stocks.
Well done on the key post you created re methods of investing and your work in general.
Thank you.
 
ClubMan said:
I'd be very cautious about placing too much faith in what an AI suggests. I've seen them get very basic financial, tax and other stuff very wrong. If in doubt get professional advice.
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Good point. Thanks for making it.

I've only used AI to get a list that meets my general preferences (conglomerates, blue chip, geographic, low or no dividends,...).
I will then check out the individual stocks with a view of a potential shopping list.
So far they seem to generally meet the entered preferences but will certainly need some weeding.

I notice that the LIA are launching an AI course by the 'Institute of AI' aimed at financial advisers and planners.
I don't really know for what function. It may be in relation to operational processes.
 
Deauville said:
I notice that the LIA are launching an AI course by the 'Institute of AI' aimed at financial advisers and planners.
I don't really know for what function. It may be in relation to operational processes.
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I doubt, and certainly hope, that such a course isn't about asking the likes of ChatGPT for financial advice. Hopefully it's more about how AI works (as much as we even understand some approaches!) and how it might be applied to a specific problem domain.
 
Deauville said:
Good point. Thanks for making it.

I've only used AI to get a list that meets my general preferences (conglomerates, blue chip, geographic, low or no dividends,...).
I will then check out the individual stocks with a view of a potential shopping list.
So far they seem to generally meet the entered preferences but will certainly need some weeding.

I notice that the LIA are launching an AI course by the 'Institute of AI' aimed at financial advisers and planners.
I don't really know for what function. It may be in relation to operational processes.
Click to expand...
If you can come up with some criteria for screening the stocks, you can use Morningstar for Yahoo Finance. If you Google "stock screener" you should be able to find something suitable. Anything would be better than chat gpt
 
Trading individual stocks is very difficult and there will be plenty of losers as well as winners along the way. There will also be sellers remorse when you cash out at a healthy profit only for that stock to continue to grow further.

The fact that you are asking for stock tips on here and using AI rings alarm bells for me. Stick it in an index and forget about it and enjoy your retirement.


Steven
http://www.bluewaterfp.ie (www.bluewaterfp.ie)
 
Steven Barrett said:
Trading individual stocks is very difficult and there will be plenty of losers as well as winners along the way. There will also be sellers remorse when you cash out at a healthy profit only for that stock to continue to grow further.

The fact that you are asking for stock tips on here and using AI rings alarm bells for me. Stick it in an index and forget about it and enjoy your retirement.


Steven
http://www.bluewaterfp.ie (www.bluewaterfp.ie)
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Thanks for the advice Steven.

I’ve been directly investing successfully in stocks for a good many years.
I’m very happy to continue.

I certainly don’t seek stock tips.

My post was seeking out
new resources to broadly find non US conglomerates and blue chips for consideration in a portfolio outside of future US inheritances tax.
I had already done so with AI, and Yahoo finance.

I had been using some resources but open to suggestions.

I appreciate your concern though.
Thank you.
 
Fortune said:
If you can come up with some criteria for screening the stocks, you can use Morningstar for Yahoo Finance. If you Google "stock screener" you should be able to find something suitable. Anything would be better than chat gpt
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Thanks for suggestions.

In the past when I was active (looking back, too active) on the US markets, I used a subscription software, Telechart 2000.
It was excellent. Build your own screeners. Used it for O'Neill's CANSLIM too.

I've been using Yahoo in a different way. For example if you open the profile of a company, at the end of the section it will give examples of similar businesses.

My US broker's screener only covers US and Degiro don't have the option at all.
Morningstar have a paid subscription for screening.

Thanks to your suggestion, I checked out Yahoo's free screener and found it allowed the option of world wide market selection by region.
Basic criteria but sufficient to narrow down the list of potential candidates. Another tool in the box.

Well done and thanks.
 
Steven Barrett said:
Trading individual stocks is very difficult and there will be plenty of losers as well as winners along the way. There will also be sellers remorse when you cash out at a healthy profit only for that stock to continue to grow further.

The fact that you are asking for stock tips on here and using AI rings alarm bells for me. Stick it in an index and forget about it and enjoy your retirement.


Steven
http://www.bluewaterfp.ie (www.bluewaterfp.ie)
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Have a read of Daniel Kahneman's best-selling book Thinking, Fast and Slow. It helps to debunk the notion that people’s behaviour is driven by rational decision-making, and instead is often based on instinct. It covers Regret and Loss Aversion, Hindsight Bias, Illusions of Skill in Investing, Overconfidence and Underestimation of Risks. Here is a snapshot of the Table of Contents, truly a great book to help you understand the psychological pitfalls.

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Best of luck.
 
Deauville said:
Thanks for the advice Steven.

I’ve been directly investing successfully in stocks for a good many years.
I’m very happy to continue.

I certainly don’t seek stock tips.

My post was seeking out
new resources to broadly find non US conglomerates and blue chips for consideration in a portfolio outside of future US inheritances tax.
I had already done so with AI, and Yahoo finance.

I had been using some resources but open to suggestions.

I appreciate your concern though.
Thank you.
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Take a look at https://finchat.io/

The AI tools leave a lot to be desired as so much depends on your skills to craft a specific and relevant prompt so I recommend that you:

1) Use a premium AI - Perplexity Pro (paid version) seems to be the best at the moment but it's a moving target
2) Use software (like finchat) to screen as they use AI without requiring you to understand how it works

Best of luck.
 
galwegian44 said:
Have a read of Daniel Kahneman's best-selling book Thinking, Fast and Slow. It helps to debunk the notion that people’s behaviour is driven by rational decision-making, and instead is often based on instinct. It covers Regret and Loss Aversion, Hindsight Bias, Illusions of Skill in Investing, Overconfidence and Underestimation of Risks. Here is a snapshot of the Table of Contents, truly a great book to help you understand the psychological pitfalls.

View attachment 9677


Best of luck.
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A book that’s been on my list for a while.
I’ll order it.
I enjoyed and took a lot from ‘Fooled by Randomness’ so I do appreciate your recommendation.
Sound and appreciated information in both of your replies.
Many thanks.
 
Deauville said:
A book that’s been on my list for a while.
I’ll order it.
I enjoyed and took a lot from ‘Fooled by Randomness’ so I do appreciate your recommendation.
Sound and appreciated information in both of your replies.
Many thanks.
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A good but long (over 600 pages), and sometimes difficult read. A lot of it is mirrored elsewhere. If you enjoy reading, get it. If you think you will struggle reading a book that long, you will find summaries of it easy enough online. There is certainly a lot to learn from it.
 
ClubMan said:
I'd be very cautious about placing too much faith in what an AI suggests.
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I agree.

AI can give useful ideas to questions like "Find me an EU-domiciled fund with a low TER that is invested in South American equities" or something like that. But ideas I've got for a suitable asset mix for age and risk appetite are really poor.


I find Perplexity.ai better than ChatGPT as the former provides links to source material.
 
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