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This sounds really weird, but I have spent at least 15 hours in the last two weeks going through every stock on my watchlists (Dividend, Growth, and REIT portfolios) with Gemini, examining every detail, choosing what to keep and to cut, and it's been the most amazing financial conversation of my life.
Gemini sort of slowly derived all of my investing principles from me as I rambled on and asked questions, codified them, and built a nuanced screen for me. Then we ran every idea I have through the screen and I asked hundreds of additional questions and for each stock that had something that deviated from my ideal screen I asked whether there were competitors with better fundamentals, and Gemini gave me other ideas and/or ways to hedge the drawback of a particular stock (like put it on watch and wait for Debt to Ebitda to come down to a certain level). I talked about the four sectors I want to focus on, and we covered every aspect of every sector and subindustry with winners in each one that fit my criteria. Gemini knew all sorts of things about my favorite companies that made them even better than I realized. We eliminated redundancies, but also made sure there were stocks that represented different areas within industries and were complementary.
When we switched to REITs, Gemini knew that REITs are better evaluated based on price to AFFO and payout ratio than traditional stock valuation metrics, but also kept my requirements of high ROIC/ROE, low debt to ebitda, and strong free cash flow. Gemini helped me build a REIT portfolio that covers all of what I see as the productive REIT sectors for the next 5-10 years and avoids out of favor sectors. We diversified across REIT sectors, geographies, and strategies. When I said I liked the elder care segment, but worried it was already fully valued, Gemini suggested I check out AHR. Still working on that.
Of course I am doublechecking all of the numbers. This conversation came at the end of months of research into hundreds of stocks, both looking at fundamentals and reading analyses on Seeking Alpha, Zack's (least favorite), GuruFocus, Morningstar, SimplyWallSt, StockStory, High Yield Landlord, etc., all via trial subscriptions. So I would say I was 85% there, but this took me to 100% and it also got rid of the endless hesitation and dithering I have gone through, going back and forth on some of the same stocks. I feel like I have conviction for the first time ever.
And Gemini has now created detailed portfolio roadmaps for me for each one, organized by industry and then into 1. Direct Buy now 2. DCA 3. Opportunistic Watchlist where they outlined the specific criteria for me to monitor for each stock to see if they become "buys."