02.06.2022 Portfolio Update (Monthly Edition)

Topics: Portfolio Update, Portfolio Discussion, More Books, Personal Update & Monthly Munchies.

Feb 6

Quote for this month:

“It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” - Mark Twain

Portfolio Update*

I am NOT a financial advisor, I’m sharing my investing journey. Do your own research.

P&L Snapshots + Account Details w/ Monthly P&L:

Portfolio Discussion

To say that January was a “rocky” month would be under playing it, and with that there is a chance that I went a little heavier then I should of have within the last few weeks.

Although my portfolio “says its down around $10,000” (compare to month of December) its really more like $15,000 as I have added $5,000 by the end of January.

Since I went a little too “heavy” and was almost at 0.0% CASH, I had to move something around to free up CASH to keep on the sidelines as that’s what really makes me happy to swing at opportunities.

Some notable changes from last time:

Exited SSSS , OZKAP , ORI I and started positions in PYPL , MITK , DISCK , OPRA .

If you are curious on how my portfolio is doing throughout the month, I highly recommend checking out Commonstock as I have my portfolio linked there and you are able to see ins/outs that are happening same day. It’s free and I think they are developing something very interesting (I don’t get paid for this advertisement, I use it and like it so as long as I use it and like it I will tell people about it).

My new buys:

$PYPL - I was assigned shares after my puts and I like the stock below $160 (although with the recent earnings I will need to give it more time to think about it)
$MITK - I like Mitek Systems, Inc. and see it as potential niche monopoly play from check deposits going into many other sticky areas of fraud prevention. Maybe even potential target for acquisition.
- Here are some links for you to learn more on $MITK via other peoples’ research:
  - Mitek Systems Is A Monopoly - Substack (free) (2022)
  - Mitek Systems Not So Deep Dive - Podcast (free) (2021)
  - Deep-dive: MITK - Substack (free) (2020)
$DISCK - I owned $DISCA before and as we are getting closer to merger, I decided now is a good time to get in to stick around for merger and see what happens.
$OPRA - This one I owned before via options, but price of around $6 and lower is too good to pass on with price target of $10+

I might put up a different post on all of my holdings with some kind of “elevator pitch” of less then a paragraph. stay tuned.

Two interesting podcasts on $TWTR and $IAC:

I sold out of $ORI mostly due to needing CASH to pay off $PYPL as 1) I’m not a fan of being on a margin and 2) I really didn’t want to sell any other holdings.

Everything else is pretty much more or less the same (I think).

Dividends for January:

I’m writing this into (so far) not so pleasant earnings season and for a lot of my companies there are other people who cover earnings much better then me.
I did one post on Commonstock for WWE but don’t believe I would add much overall, if you think I should do a post just on earnings (after all of them are done) let me know in the comments or just reply to this post via email.

More Books

For the month of January I have completely listened to two books.

The Value Investors: Lessons from the World's Top Fund Managers by Ronald Chan

This book was a wonderful listen with many great lessons from true legends of value investing. Book was published (2nd edition) last year so it is still very much relevant and I think its one of those books that I will be coming back to over some time.

I give it 5 out of 5 stars. (I loved it!)

The Essays of Warren Buffett: Lessons for Corporate America, Fifth Edition by Lawrence A. Cunningham

I can’t say that I’m WEB fanboy, but I do enjoy reading or listening whenever WEB has something to share and this book although long was a joy and full of lessons on what to do and also not to do in “Corporate America”

I give it 4 out of 5 stars.

Notable mentions (I tried but couldn’t get into both so I have not finished them):

Risk: Living on the Edge by Michael Tennenbaum
Zen and the Art of Motorcycle Maintenance: An Inquiry Into Values by Robert M Pirsig

Personal Update

I wanted to give a quick personal update on life/investing. Since about sometime end of last year, I haven’t really been feeling like myself with a lot of things being on my plate…Since then not much has changed in that I’m still very busy but my inner self is much better.

(To do weekly updates without getting burned out I have to do it as the ONLY thing without any other distractions something similar to running a fund. Whenever that happens it will be my only thing that I do, when it comes to investing multitasking is death.)

The joy of creating and sharing is slowing coming back, but I think it will be some time before its fully back.

“In order to finish first, you have to first…finish” I’m not sure who said this line but I like it.

Monthly Munchies

Here are some things to munch on…

#15: Let's Start the Year Off Right - by Mazwood (Article)
BUFFETT FAQ (Article)
Mohnish Pabrai - Value Investing, Great Compounders, Lessons from Warren Buffett & Charlie Munger (YouTube)
We Study Billionaires - Classic 05: A History of 5 Stock Market Crashes (Podcast)
Atomic Habits by James Clear Summary (Article)
MOI Best Ideas of All Time! Sea Limited 15x in 3 Years? (YouTube)
Behind the Memo: Selling Out by Howard Marks (Podcast)

Thank you for reading all the way to the end…

I hope you found this update helpful/useful and I would love to hear your feedback (both positive & negative).

Lastly, I would really appreciate if you would share this newsletter with anyone who you think might benefit from this or just might enjoy reading what I’m writing.

Sincerely,

Mr Zaye

P.S. Check out my LinkTree ⬅️ .

P.S.S. Don’t forget to ❤️ if you enjoyed it.

My Investing Journey "From $100K to $1M"