09.11.2022 Portfolio Update (Monthly Edition)
Topics: Quote, Portfolio Update, Portfolio Discussion, Comments From Me, Learning hard truth about investing world…, and More Books.
Quote for this month:
"A lot of my investing is I have humility in that I don't know. I have a hypothesis, an idea, a belief. I try and get information" - John Burbank
Before we begin I would like to share with all of you, the chat I was invited to by Investor from Nepal:
If you would like to learn a bit more about me and my investing, do check it out…
*I am NOT a financial advisor, I’m sharing my investing journey. Do your own research.*
For both screenshots and investing, I use Webull Platform, if you do not use it yet and would like to learn more about it and sign up, please check out my affiliated link here .
No major changes (yet) in portfolio except of small addition of Evolution shares…
I have started a position in $EVVTY with the idea of transferring (slowly) money from WWE to Evolution.
(One of the reasons for the delay of September update is my cramping of research into late nights after work, trying to study business and at the same time thinking of where to find cash + when to buy.)
I decided that in the long run returns from EVO will be much greater then from WWE as my target for WWE is around 90-100ish and EVO having (potentially) much longer run rate with a few untapped markets and opportunities.
(Dividend + potential returns from selling EVO is much more favorable over WWE over long time frame)
I understand its not apples to apples comparison but to me it makes sense.
I most likely will not be releasing a write up on it but I will share bunch of free write ups from others so if you are interested, you can check them all out:
All of the above write ups sound about the same but I would still recommend reading all of them if you are interested in Evolution + read everything on www.evolution.com
Evolution is also my first OTC stock, which I’m learning is not the easiest to buy a lot via Webull and there is no option trading on it.
New experience which I’m treating with cautious optimism (like many other things in life).
Dividends for August:
I have thought a lot about macro environment but I do not have anything useful to say/add about macro and what is going on in the world, but one thing I will not be doing is going all cash (for better or worse) as some other people on twitter machine are claiming to be doing.
Comments From Me
Working Life + Personal Life have been really cutting into my Investing Life, that being both good and bad.
Good - because it makes me realize with the little time I have to only focus on essentials (my portfolio) and less time on social medias (noise) + not focus on day to day investing and much more to think long term (we all say that but we don’t always do so).
Also started to really think about all the companies I invest in as REAL companies and not stocks. I spend quite some time in my head thinking about how operations might be unfolding in each companies real time, and although this doesn’t really change munch in the real world it does give me a better understanding and “feeling” of being an passive owner of the companies I own… with that said I do have an urge sometimes going activist on some of them/their management teams on the way they are handling certain things, alas my amount of shares are not large enough for any actual influence, yet.
Bad - because I have less time on researching new companies and in so giving less time to what I really enjoy to do (diving deep into companies and spending countless hours on consuming investing knowledge, although I still do it via audio format but not so much via reading)
I also have been “dipping my toes” a bit into start up world with project or two, but this part is still nothing much to really talk about.
If you are a start up founder or have some time to spare and teach me about start up life, please do hit me up via email/Twitter/Instagram to maybe chat via DMs or via Zoom call.
Learning hard truth about investing world…
I now have been “consciously investing” for a bit over two years. While being high on bull market and dreams of becoming the next great investor (Albeit my understanding of great investor not what some others might think) , I am now really understanding real truth about investing that social media does not share.
While it’s all fun and games when things are going to the mood the truth is real investing does not feed you and your family on its own. Investing by itself won’t cover bills (for the most part) unless you take management fees or have another job or two or are already wealthy and so have savings that you deploy while your stocks I mean companies blossom.
This topic of investing that I’m hitting is only the surface and I’m sure many people would be able to add similar or different opportunities on what I’m expressing so keep in mind that I understand there is many ways of playing this game.
I came to realization that as a family man with wife and two kids plus having my own parents and my wife’s parents + other members of family that live outside of US (that we help out time to time), counting my dimes and pennies is not an option (especially as I’m currently live in NY) I don’t fancy expensive taste but I do like to not suppress my own and my families needs and most wants.
What’s the point of this? The point is that I believe the game I’m playing is different much much more difficult then I thought when I was getting into it in the middle of 2019 but again understanding these things early on, I believe gives me a bit more clarity going farther into the unknown future.
Not all been given a great hand of not having to take fees to management other peoples money but I do understand now (better) those who do.
I will say not all deserve to be doing that, but that’s a topic for another time.
To finish up. If you are just getting into investing and have family (significant other and kids) and think you can save up and retire early … you might but you also might not because you will realize down the road that priorities change but still keep investing, still keep learning and never give up on your dreams.
This time around I finished four audiobook and one I did not finish + one physical book read half way…
Where the Money Is: Value Investing in the Digital Age by Adam Seessel
This was refreshing listen/read about current investing world. Mr Seessel discusses investing in technology companies via value investor lenses with actual current examples like Intuit, Amazon, Alphabet, and a few others.
I highly recommend reading this or if you are short on time listening to audiobook but also going over the free PDF that comes with .
I give it 4.5 out of 5 stars.
Financial Intelligence, Revised Edition: A Manager's Guide to Knowing What the Numbers Really Mean by Karen Berman & Joe Knight
Since I do not have any business degrees, a lot of knowledge that I have accumulated comes from real world trial and error + reading books/watching youtube/listening to speeches/webinars/etc. Financial Intelligence was a nice addition to confirming that things that I have been doing (although I also have learned a few to add to my belt of knowledge) are done correctly and my thought process is also on the right path.
Financial Intelligence is more towards managers of any companies, but its also great for investors who never ran company but would like to know what managers should be doing or at least trying in both private and public markets.
Also highly recommend reading this book if you are serious about investing in companies for the long term and understanding what managers of those companies doing through in “day to day” operations.
I give it 4.5 out of 5 stars.
This is the book that I have started a while ago and then put it down, but this time decided to change things up and give it a full listen, and I’m happy about it.
This book (most likely) wont open to you anything “new” about life and yet it might just slow you down a bit and realize that sometimes you just have to “not give any f*cks” not always… but definitively sometimes.
I’m big on doing everything I can and as quickly as I can and help everyone I can, but sometimes you just have to say no and do what is right for me. This book reminded me about it. I cant say I started to give less f*cks but for now picking up slower pace is a nice variety for me.
I give it 4 out of 5 stars.
The Perfect Theory was my escape from investing blockage. After finishing up FI, I couldn’t figure out what kind of investing book I wanted to read or listen to so I went with something that has nothing to do with investing, book on General Relativity by Albert Einstein and how general relativity evolved.
If you are strictly into investing then this book wont be much use. But if you are into physics or history and looking to mix it up a bit, this book should do the trick.
I give it 3.75 out of 5 stars.
The one book that I did no finish fully…
Filters Against Folly is an old book that (if I’m not mistaken) was praised by Charlie Munger. I have been reading it during work hours whenever I had some free time to spare (instead of looking at my portfolio) picking it up on and off as an easy read.
I cant say its a bad book, but I kind of got bored of it and maybe I will pick it up later on as in general it as good work for your thought process but also its kind of outdated. If anyone know of this book and can recommend to me something similar but modern, I would be more then happy to take a look and read/listen to.
I give it 3 out of 5 stars.
The one book that I did no finish is…
I started to listen to Subscribed but some time into it (a few chapters?) it just started to sound to me something VC funds push around (please don’t get offended) basically this book just sounds like bunch of baloney to me.
I’m probably wrong and will make some enemies for the above statement (I hope I do not make any enemies, please?) but it was just turn OFF from the beginning.
I was under impression this book would be something like The Membership Economy by Robbie Kellman Baxter, alas it did not feel so to me.
Thank you for reading all the way to the end…
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Yegor @ From100kto1M
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