Portfolio Update 8/15/19 as of 10PM.
It’s been a month since I posted my July portfolio update found here; https://discussion.fool.com/portfolio-update-714-34250270.aspx
I have found doing these updates is helping me keep better records of my investing thought processes over time. Much like keeping a journal in life when you re-read in the future it helps you remember what your thoughts were at the time of writing. Hopefully others find this helpful as well.
My portfolio monies are all in tax free accounts; Roth IRA, HSA, ESA. Thus I do not worry about tax consequences of my trading actions.
Current Portfolio as of 8/15/19.
Change since 7/14/19 -3.6%.
2019 YTD +39.3%.
Stock Current % of Port % Change Mark
% of Port on 7/14 in port since 7/14 Cap
CASH 20.4 30.8 -10.4
TWLO 14.0 15.7 -1.7 16.5B
AYX 17.9 15.3 +2.6 8.4B
ZS 13.5 13.5 0 9.9B
MDB 11.3 11.7 -0.04 7.9B
ESTC 13.9 11.8 +2.1 6.5B
EBIX 3.2 1.2 +2.0 1.1B
PSTG 4.3 0 +4.3 3.3B
NTNX 1.6 0 +1.6 3.5B
New positions since last portfolio update: PSTG, NTNX
Exited positions since last update:
Trades between 7/14-8/15
Bought ESTC 7/17,8/5 94.87, 90.45
EBIX 7/17,8/12 47.51, 38.82, 38.78
MDB 8/14 140.65
NTNX 8/12 18.47
PSTG 8/14 13.09, 13.08
Sold None
Thoughts on trades and companies for the month.
This was the first negative month return of the year. Obviously the market is in down turn because of recession talk and trade wars. The fear and greed index now sits at 19, https://money.cnn.com/data/fear-and-greed/?iid=EL
Is this a temporary blip or the start of a more extended downturn? Nobody ever knows.
AYX-My largest stock holding and my favorite stock. Margins plus growth make it a winner.
TWLO-2nd largest stock holding. My largest market cap stock.
ZS-Bought some more in taxable account (see below). If combined would be my 2nd largest holding. Is 2nd largest market cap holding.
MDB-Has not done much the last few months after its big runup earlier in the year. I think it is getting interesting value/growth prospects.
ESTC-Cooled off quite a bit from last month. Look forward to earnings report coming up. I believe it has the potential to make the most gains from here till end of year.
EBIX-I added to a starter position and I am still learning more about the company. I like the leadership. Raina is quirky and I can see why some people do not like him, but he strikes me a a brillant business person. Price fell off the cliff here recently. Lots of negatives out there, high risk, high reward stock IMO.
PSTG & NTNX-I was seriously considering cancelling my TickerTarget subscription. Then I thought I really do think Bert is a smart person, he seems to think both these company’s have become too undervalued. I decided to keep my subscription and go with Bert. I have owned both these names previously. They have just become so beaten down, I think the amount of upside is tremendous if they can show some improvement in operations.
I reduced my cash position this month. Prices are falling and I still have some cash to deploy. When I have some cash to invest, I feel if the market goes down, I win. If the market goes up, I win. I know its a funny psychological thing, but as an investor you have to figure out ways to control your emotions. One way I have learned to keep mine in check during periods of downturns, is to have some sideline cash in which to invest. Then instead of getting scared or getting paniced, I can just invest in the opportunity of a downturn.
I will also note that I did not sell any position this month. That is a bit unusual for me.
This month I inherited some securities not in my tax advantage accounts. I sold off the securities and reinvested the proceeds into the follow:
CRWD 24.5% Market Cap 18.5B
NTNX 24.0%
PSTG 17.0%
NVTA 16.1% Market Cap 2.5B
ZS 15.6%
CASH 2.7%
I bought these stocks on 8/14 which was a down day for the market. I did not include these into my overall portfolio as it would have skewed my holdings and since they are not in tax advantaged accounts I may manage these stocks a bit differently. I also put some monies in bank savings that I am not counting as cash. Next month I will included these stocks in my overall portfolio.