I've been noticing a reddish stool maybe once a month,would go away the next time i went, but recently i noticed a hot pink stool, but i feel fine?

Blood maybe, but...: The color of stool varies with food ingested (? do you favor red-colored beverages), speed of emptying of the GI tract, medications, supplements ingested, gut flora (unique for each individual), additives (like blood), subtractions (like absent bile), infection/exposures, inflammation, other factors. Testing seems in order, as does further evaluation if blood is indeed detected.