My strategy for August was to ignore the portfolio while out of country, cross my fingers, chant gibberish incoherently every morning while trying to sober up - and, just hope for the best. And while some may indeed scoff at my lackluster but well intentioned efforts - as things turned out, it could have well been worse. Much worse. Truth be told, I had the ignore part of my plan down pat; however, and frankly, mostly forgot about the whole finger crossing thingy. But the morning Stock Market Chant (SMC) was truly a thing of beauty.
Note 1) While I have to tweak the market chant just a bit, in general it seemed to have played some yet undefined but positive role in buoying the portfolio. Once I get it all bucked out - thing has to be adjusted for monthly planetary orbit and and strategic positioning dynamics - it may be available for rent on a sort of CaaS (Chanting as a Service) basis for a small subscription fee. Proof, after all, is in the performance!
Note 2) I am an amateur investor encompassing all the chaos that entails with a semi-defined and frequently highly flawed perspective that nonetheless generates widely varying degrees of totally unexpected consequences. I can say with complete confidence that there is no actionable investing advice anywhere to be found in this performance summary. For further reference and clarification please see this Harrison Ford Broccoli joke:
Additional Free Note: Those with rabbit ears and high moral turpitude should not expose themselves to this joke.
So how’d the portfolio make out during my mental absence? Lost 1.6% in August which - when I think of the myriad of other potential outcomes - doesn’t sound to awfully bad. ( It was a combination of lack of finger crossing and poorly worded chant gibberish that wasn’t attuned to the correct market spectrum for August that prevented better results. - Yes, I am sure of it.) So how does the year look so far?
January - The portfolio tacked on a solid +10.4%
February - Lost our way a bit and slid down by -0.6%
March - Regained some composure and ended with a healthy gain of +3.8%
April - Sputtered our way to a loss of -1.7%.
May - Best month of the year to date with a superstar gain of +26.8%
June - Continued the party with a monthly gain of +9.1%
July - Partied on tacking on a solid +8.3% gain.
August - stumble bummed myself to a loss of -1.6%
After all that, the portfolio maintains a rock solid YTG of 54.5%
A. The STARTERS
B. The Bench
C. Rookie Development Squad
What I think is gonna happen shortly… subsequent to some as yet only marginally defined form of a highly detailed and well thought out September Starting Gate is this:
- Most likely to trim TTD a bit
- Probably add the TTD trim to IOT
- Add to PSTG
- looking hard at NET but not all that sure why.
- Add to AEHR without trepidation or malice.
List of companies near the very top of my potential, very possible, sorta… maybe, September roster additions:
Note 3) Sold both CRWD and AXON after nice runs and may add back if they fall back to earth.
Enovix - potential new fangled battery blockbuster moonshot that might could possibly become a Jordanesque AllStar in a couple of years. Have to reconcile that two year potential against my maximum performance patience spread of somewhere between 1-3 months reasonably dedicated to a sort of Go big or Go Home investing thingy. Amateur stuff really - sigh!
IONQ - Nuclear powered computer power stuff - or something very similar…I think…maybe.
PLTR - Much disrespected AI underdog with potential accelerating revenue growth going forward. Price has come down to the Highly, Highly Overvalued Bin from the Highly, Highly, Highly Overvalued Bin and so an obviously/perhaps potentially worthwhile Rookie Dev Slot type contract.
DATADOG/ZS and ENPH - Former AllStars currently shunned for more shiny and brighter objects of affection. Might do it anyway - just because I can.
SMCI - had it - sold it (Much too soon as is my standard and traditional unforced investing handicap procedure). IF - it drifts down to a level commiserate with my patented 15 min Deep Dive Research estimates - give or take 14.7% - I am back in. Definitely maybe.
Whatever else I can think of.
Thats it - all I got.
All the Best,