05.17.2022 Portfolio Update (Monthly Edition)
Topics: Quote, Portfolio Update, Portfolio Discussion, More Books, What’s your “WHY”, & Monthly Munchies.
Quote for this month:
“He certainly doesn’t practise his precepts, but I supposed the Patron meant that if you give a man a fish he is hungry again in an hour. If you teach him to catch a fish you do him a good turn.” - Anne Isabella, Lady Ritchie
Portfolio Update*
*I am NOT a financial advisor, I’m sharing my investing journey. Do your own research.*
Portfolio:
Portfolio Discussion
Two things before we get into portfolio:
In April I have added $5,0000 to the account, so technically I’m even “more down” if you sub 5K from NAV.
Last week I released “Going Over Q1 2022 Earnings” if you want to get a bit more on what I think on my current holdings (I still stand by all of them)
Talk about different in a little over a month…From $239,000 to $205,000 (and even almost to $200,000). Good thing that these numbers don’t really effect me and I’m only focused on the companies and what they are doing and not the amount numbers of my portfolio…
I could say that I knew that as some point this pain would be coming, but couldn’t say it when so just (for the most part) usually keeping it to myself, it does feel like euphoria is dead or dying and Twitter is less positive but still as noisy which makes me not want to spend as much time on it which makes me (actually) more productive at work (crazy right?!)
VMD came out with release today with some good news
Dividends for April:
April was a sad month for divvys :( only OZK .
Since last time DISCK became WBD and as expected (although market sell off also helped) $WBD went down and I been Dollar Cost Averaging into it slowly but surely.
Exited TWTR for a small profit (Thanks EM) and got back into OMAB and decided to NOT exit it but hold it (before every time I would exit it, it was for a profit) and try to just buy more if/when it dips or let it ride as I have it.
Most other holdings I been just DCAing into and the only one I’m kind of disappointing is MITK with my two option plays that I will most likely will be “put in” over the weekends. The prices will be $12.5 and $10 … currently trading below $10.
I’m pretty happy with what I own and I will be adding some more money this month to have larger “cash” cushion because who knows what market’s volatility can bring with everything that is going on, but as of right now I’m cautiously optimistic and will be adding if we go lower as long as THESIS on my companies don’t change.
My only big hypothetical problem is, how will I react and what will I do if/when THESIS will change. I want to say I will be rational and will do what’s best for me and my portfolio but I would be kidding myself… I guess time will tell and I will have this blog to reflect on it.
I know that although my posts are on monthly basis they are not always on the same time/day (sometimes a little sooner something a little later).
If you ever want to get better idea of what my portfolio is doing, check out my Commonstock page and follow me there no strings attached but it shows my portfolio almost real time and I try to post there or twitter to let know if I start or exit position.
Here is an example of how my page looks like:
This is not sponsored by Commonstock, I use it and I like it and telling everyone about it.
More Books
For month of April I finished listening to two books:
Modern Monopolies: What It Takes to Dominate the 21st Century Economy by Alex Moazed and Nicholas L. Johnson
Modern Monopolies is a must read for anyone who is interested in investing or learning about “platform businesses” such as Uber, Facebook, ANGI, Apple, PayPal etc.
Although published in 2016 and me being a bit late to the game, I have learned a lot from it and I believe will be able to use what I have learned for my future investments ie: $IAC
Here are some figures from the book that I think might be useful:
I give it 4.5 out of 5 stars.
The Almanack of Naval Ravikant: A Guide to Wealth and Happiness by Eric Jorgenson
Regarding this book I will start of first that you can read this book for free at
www.navalmanack.com but if you want audiobook you can buy it on audible.
I’ll be honest listening to this was a bit painful to my ego and my ears.
I don’t know who NR is (in real life) but what I have read and listened to from podcasts I thought I should learn more about his “philosophy” and I came to conclusion its not for everyone. I finished listening mostly because (although there are some good advice a lot of them are wishy-washy) I wanted to give it one time my full attention and not let my ego get the best of me.
Naval’s personality from what I understood is just not for me (its not good or bad its just what it is), maybe one day I will speak to him in person and that will changed but for now, I will take my lessons from someone else.
If you want to read something about philosophy from a tech guy and not pay for it, I think it will be worth your time…maybe VC thing is just not for me…
I give it 3 out of 5 stars.
What’s your “WHY”
On multiple occasions (via here, Twitter, Commonstock, and Instagram) I been asked what “tips” can I give and most of these request would come in on down days/months.
I hate to disappoint all of you but I don’t have quick and easy HOW TO tips on turning $1 into $1,000.
As a lot of you have seen and will see, I’m taking the long and lonely road to turn my $100,000 into $1,000,000. But what helps me and makes me confident that I can achieve it or do everything I can possible do to give it my best is… my WHY!
What is your “WHY?”
My WHY, is keeping me disciplined and it keeps me rational on days/months when market is down -5%, -10%, -20% (and I’m hopefully even on months or years to come of more then negative 20%+)
My WHY keeps me going at it every day, weeks, months, and years. Sometimes it’s easier and sometimes its harder but I keep on trying to get better at everything related to investing.
What is your “WHY?”. Why do you want to invest? Why even bother with beating the market or matching the market, when you can just buy SPY and “set it and forget it”?
I’m a strong believer in that you MUST first understand why you are getting into this game and you MUST have fundamental foundation that you will be building on.
With our time and age, you can buy or set up any kind of DCF or sign up for any kind of guru and just buy and sell what they do, but if you don’t have foundation, I don’t believe you will last for a long time.
I think this answer or advice will turn off many and that just shows that they are not committed.
The way I do things is not right or wrong (although it could be wrong, I’m still learning) and the way you will do it doesn’t mean its right or wrong per se. But it must be RIGHT for you and your style/personality.
When it comes to philosophical questions on investing, I think I can talk a lot but that’s mainly because I have read/listened to a lot of books and have strong personal core on what I believe is common sense (which it seems is not so common) but I do not talk a lot because I haven’t been in this game for too long and so “who am I to say anything and try to teach when maybe at the end even I’m not worth this game?”.
Monthly Munchies
Here are some things to munch on…
Related to my portfolio:
Investment notes – Spotify ($SPOT) (Substack)
Warner Bros. Discovery (WBD) (Substack)
Alphabet Inc. $GOOG (Substack)
Chit Chat Money - $WWE Deep Dive (Spotify)
Other:
KRUS: Kura's Roll Keeps Rolling (Substack)
Dividend red flags ⛳️ | #3 (Substack)
What Really Happened to AMZN? (Substack)
https://www.safalniveshak.com/ (Website)
Fund Manager Letters, Stocks, CEO Letters to Shareholders (Website)
2022 Berkshire Hathaway Annual Shareholders Meeting (Website)
Thank you for reading all the way to the end…
I would love to hear your feedback (both positive & negative feedback is welcomed).
Lastly, I would really appreciate if you would share my newsletter with one person who you think might enjoy reading what I’m writing about.
Thank you.
Sincerely,
Mr Zaye
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Thanks for sharing my post in munchies. :))