11.06.2022 Portfolio Update (Monthly Edition)
Topics: Quote, Portfolio Update, Portfolio Discussion, Comments From Me, Dipping Toes Into VC World, and Distance Brings Dispassion.
Quote for this month:
“Everyone has the brainpower to make money in stocks. Not everyone has the stomach." - Peter Lynch
*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 to portfolio just added a bit to a few holdings, you can compare to October if you would like to know which ones.
I have been thinking of taking off from OZK and adding to OZKAP to capture more of dividends, but have not decided yet if I will do that.
Dividends for October:
It’s still earnings season with most of my companies are looking good to great (both VMD and LKQ are looking great!) except for WBD but I believe this one needs more time and I just have to believe that Z-man can mold this company into FCF monster…so far I’m not so sure…
I highly recommend checking out Twitter and Commonstock for some earnings thoughts from people at least on the companies that I own or even better if you are an owner of any of these companies you should be listening to earnings calls yourself (worse case you can DM me and I give my thoughts or will point to someone who I think can be helpful.)
Comments From Me
I have transferred my Traditional IRA from Wealthfront (still have SEP IRA on Wealthfront and I will keep it there) to Webull, which means I now have another “portfolio” that I will self manage.
I’m thinking of a few ways that I want to do with this account/portfolio and how to go about sharing it so stay tuned…
Also I’m working on LKQ write up, which I’m done with about 25% (give or take) but slow and steady working on completing it as soon as I can.
No books this month.
As I mentioned last time, I have some cash on side lines…well I had some cash on the side lines ... ish … I have decided to dip my toes into VC world…
(PS I still have some cash on the sidelines but a bit less then before)
Dipping Toes Into VC World
Now now don’t get alarmed, I did not loose my mind (I think?) but the beginning of it all was a private investment I did into SaaS company (can’t talk about it yet) which led me to “dipping my toes” into investing in companies via Republic and Wefunder both were introduced to me by Investor from Nepal .
Notable investment at Wefunder is Wefunder it’s self, click here.
Notable investment at Republic is Stock Card, click here.
If this is interesting, let me know and I can get in more details with all of the companies and why I choose them, in the next post.
My “VC” investing is (right now) much smaller then my “100K to 1M” portoflio but as Mohnish Pabrai says “Heads, I Win; Tails, I Don't Lose Much’’.
Distance Brings Dispassion
Lastly I would like to discuss, “Distance Brings Dispassion”.
We get so caught up and hyped up about companies that we research that we can easily get biased into owning them or being unable to sell them.
When we stop ourselves from discussing or following companies (on social media) we can develop “distance” and barriers to our excitement which can lead to having clear open mind towards the right decision(s).
It can mean doing all of the necessary work for the company you want to invest in and then before investing in it, stop following it for a short period of time to let your mind reset and observe everything to develop clear understanding without biases.
It can also mean not paying any attention to social media or any news (unless it comes from the company itself via their IR) for example me following Spotify and reading other peoples opinions on Twitter (comments) or SeekingAlpha/YouTube (comments) most of the time its not even the tweets or posts that get me triggered but the comments that are done by people who I don’t even know.
Being able to distance myself from noise and action of stock market for example spending more time doing my actual work (working on my actual business) also helps not having unnecessary quick thoughts.
What do y’all think about this?
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 at least one person who you think might enjoy reading (learning from) what I’m writing about.
Yegor @ From100kto1M
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Recently Substack released “chat feature” on the app, I’m testing it out… you are invited to join and ask some questions…