Lately I’ve been actively reminding myself that I’m not any sort of genius. Since March, investing has been way too easy and I’m trying to be vigilant that things will change at some point and I could lose money as opposed to making it hand over fist.
When the pandemic hit, I was heavy on cash due to transferring my 401k from my previous employer into Schwab and because I had just received a very handsome moving allowance from my new employer. On the dip I bought all kinds of healthcare, drug, consumer goods, real estate and, of course, Tesla.
I’ve since sold out of every single thing I originally bought, except Tesla, at massive profits. Since then, I’ve been feeding more money into Tesla and trading hot stocks. My luck has been nothing short of amazing. I bought a lithium company on nothing more than an acquisition hunch and a couple weeks later it spiked 3.5X. I sold at about 2.5X. I bought a electric bus manufacturer just a week ago at ten bucks, now it’s nearly 30. I’ve been trading SQ, LMND, IIPR and Z and it’s all working. I’m now a Teslanair. My 3 kids each have over 80 grand in their Edu funds. With the time remaining for my two younger kids, I feel like their college is paid for.
I’m sniffing retirement and hope I don’t fu@# this up.
If you read my earlier posts, I mentioned I was new to investing. As some said, stick with ETFs, keep it simple, etc.
Of course I thought I could do better and that I would pick winners. Turns out that’s not the case.
I did a lot of research and reading, bought some ETFs, some long shots, some absolute losers, bagholders, and some gems.
I’m up about 3k - never fully took the plunge when I first opened my account and have gotten out of the red with my bagholders and sold a few at a loss. Had some big losses but learned a lot. Wouldn’t change the losses for anything but I wish I stuck with my strategy and didn’t stray away. Excited for the next year.
I’ve mentioned IIPR a few times in this thread. The more I look at it, the more I think I should start a thread like I did 8 years ago on Tesla.
I haven’t found a stock growing revenue faster or with a better balance sheet. Their revenue has more than doubled every year since 2016 and probably will again this year. Their assets have gone up more than ten fold over the last 3 years while keeping their debt low. Total equity has gone up nearly ten fold in 3 years. Debt is about 25% of total equity. They are financially strong.
Then consider the continued growth opportunity ahead with the legalization of cannabis spreading across the US. The only challenge I see is what might happen if cannabis is federally legalized. I’m not sure that will be a bad thing. That’s one angle I need to research more.
I just plan on holding them. These stocks were anywhere from 1/3-1/5th the cost when I bought them compared to before Corona. I just saw them lose so much price, but did not see those companies being worth 1/4 what they were two weeks prior (even for the cruise lines). I’ll see what they do long term, and will sell when they are close to what they were pre Corona. Probably a couple years out.
Also, I should say, most of my money is in index funds in a few 401K accounts. I just wanted to see what I could do when I saw price drop disproportionally to value (or at least that was my interpretation of what happened). The current value of individual stocks is at about 15K.
I did the same with a bit of throwaway money. I had a few stocks I bought because I thought they’d bounce back, including Carnival which I sold after the rally from the vaccine news.
My main account was largely cash in March which I invested in index funds at the dip so I’m about 30% up on that YTD anyway.
@IronOne, where have you been? Updates on your positions? Your outlook going forward?
Some random market notes from me:
Work From Home gaining more significance and permanence. Less commuting, less required office space, high priced rents falling since people don’t need to be close to the office.
Electric vehicles more clearly taking over the world with Tesla leading the way. Full Self Drive closer and more imminent than ever. A robotaxi future? What would that do to car ownership? Transportation of goods? Do railroads take a hit? Deliveries from Amazon, FedEx, DHL?
Cannabis legalization still rolling out across America. Who will benefit?
Cyber currency? I have no idea but I know it’s a thing. Are brick and mortar banks going by the wayside to be replaced by e-options for banking, payments, mortgages etc? Are companies like Zillow and Square disrupting these industries?
Speaking of Zillow, we now have 2% interest rates on mortgages. That’s got to affect things down the chain. I have two homes on opposite ends of the country. The long term inflation rate of both homes has been 4%. That’s double current interest rates. People who can work from home move out of the cities and into rural areas taking added advantage of the ridiculously low interest rates? Are Home Depot and Lowes good buys? I’m not buying but they might be good. Home gardening? Furniture?
Lots to think about. Exciting times with lots of opportunity.
I spend all my free time on StockTwits lol. I have nestled in with a great group there, sharing investing ideas, etc.
It’s been a really good year, investment performance wise. I really can’t put it in words. I’m excited for what’s to come next.
I rode PLTR from $14 to $29, and sold 4/5 of my position. Moved most of the profits to MJ for the marijuana play. The rest I chewed down some leverage.
Where’s the bulk of my money and leverage?
SPG and MAC
I’m a huge believer in the best in class REIT recovery and David Simon in general. Who doesn’t love a Jewish landlord. I’m up over 30% + dividends on SPG and 40% on MAC + dividends currently with crazy runway ahead into recovery. The short interest on MAC will blow it out on the first vaccine poke.
Are you looking at any specific SPACs?
I like Rocket mortgage with such a large tute ownership. Will start a position Monday.
I’ve got large low cost leverage (IBKR) positions in T and O for dividends and safe cap gains. Caught both very low and will hold in leverage for 18-24 months or until SP reaches my goal.
I have not messed with EVs at all yet. Doing some research.
Again, I’m big believe in Class A real estate. So that’s where 75% of my money is.
I know very little about SPACs. What I’ve heard is SPACs bring companies public that might not be ready to go public. They are more risky. So, I avoid them but I wouldn’t rule out holding for a opportunistic trade. I’ve held NIO a couple times this year for a month or two each. NIO is a Chinese company and that makes it high risk in my eyes.
Investment portfolio is up 127% on the year! The year is still young as far as I’m concerned. There’s a whole 3 weeks left plus Christmas, and I’ve been a really good boy.
I really wish I had balls. I bought up a whole bunch of BA when it got down to 142 in late oct/Nov and then sold it all at 195 thinking I was a little early, but still near the top. It closed today at 238. Goddamnit.
Now I’m sitting on a pile of dry powder with 60% of my account in cash waiting for the next dip. (If that ever comes?)
I wouldn’t touch Boeing. I flew round trip, coast to coast last month for 115 bucks. There’s no way the airlines are making money so they’re not going to be buying planes. Travel, leisure and entertainment suck right now and I don’t see it changing anytime soon.
You stepped in at the bottom to pick up a good discount and pocketed some cash. Time to move on in my opinion.
Oh totally. Im sticking to my plan. Just bitching and whining about what coulda been. My account went up about 20% in a week in early november, and i pulled out a whole bunch of money with the plan to wait and see how the holidays into january played out… with the exception of some limit orders i have placed that is still the plan. EVERYTHING just seems sooo overvalued right now.
After checking my account multiple times a day for about 6 months straight, im only checking in every couple days just to keep a sense of what the market is doing, not to place any orders. I forsee a big covid spike from TG and christmas, and a lot could go wrong with the vaccines and the distribution later this winter into spring. There may be light at the end of the tunnel, but its gonna be a long road still, till we get there IMO.
That’s awesome! Having a friend group like that goes a long way. Nothing better than drinking some beers, learning, and making money. Wishing you continued success in 2021.
