My 2020 Portfolio Performance YTD as of
Previous Month Summaries
Dec 2016 (contains links to all 2016 monthly posts): http://discussion.fool.com/bear39s-portfolio-at-the-end-of-2016-…
Dec 2017 (contains links to all 2017 monthly posts): http://discussion.fool.com/bear39s-portfolio-through-dec-2017-32…
Dec 2018 (contains links to all 2018 monthly posts): https://discussion.fool.com/bear39s-portfolio-through-dec-2018-3…
Dec 2019 (contains links to all 2018 monthly posts): https://discussion.fool.com/bear39s-portfolio-through-dec-2019-3…
January - PINS
January - none
My Current Allocations
Ticker Curr% Buy/S Mo Ch YTD Ch AYX 20.6% 9% 39.4% 39.4% CRWD 18.1% -8% 22.5% 22.5% ESTC 14.4% 13% 0.9% 0.9% DDOG 10.8% 31% 22.3% 22.3% SMAR 7.8% 8% 7.9% 7.9% MDB 6.1% 0% 24.5% 24.5% SQ 5.5% 20% 19.4% 19.4% ZM 2.8% 0% 12.1% 12.1% HUBS 2.2% 0% 14.2% 14.2% LVGO 2.1% 0% -3.6% -3.6% PINS 1.4% NEW 18.2% 18.2% options 1.2% cash 7.1%
WHY I DID WHAT I DID THIS MONTH
PINS - I was reading on another board and someone pointed out what a bargain PINS looked like. I took another look and agreed. Growth slowed last quarter, but they are still early in the monetization process, so I’d be surprised to see it slow much more. We’ll see. At its present valuation, it seems like a low risk, high reward type play. Either way, it’s a tiny “try-out” position for now.
Added to or Trimmed
Mostly added to SQ and DDOG. Just building the positions a bit. DDOG is now my #4 position, but I don’t think I’ll add any more at these levels.
Trimmed CRWD ever so slightly after it rose 20%.
Added to AYX and ESTC ever so slightly. With AYX it was just buying a few shares when I sold my call options. With ESTC, I just couldn’t resist at $65 or so. It hasn’t participated in the January bump, and so it seemed like a good time to buy. That said, I need to figure out what the market is telling us about ESTC, so I’ll be watching that one very closely.
Sorry for the very brief review this month, but other than fantastic appreciation in our companies’ share prices, not much has happened. I still feel exactly the same about the companies as I did in December. So I wasn’t very active in January because for the most part, buyers of our companies did the work for me. I did sell almost all of my call options, and some of that went into cash and some into purchasing shares. But more than anything, the silly December selloffs in our companies reversed.
It never fails to amaze me how the market can be so strange. In this case it was strangely predictable, with even the stocks we collectively liked most in the downturn bouncing back the most in January:
AYX was up almost 40% this month! Glad a lot of us loaded up in December!
Crowdstrike, MongoDB, and Datadog were all up more than 20% as well.
We expected December to just be a “weird” swoon, and in January we got the bounceback we expected. But I caution against thinking it will be a pattern every year. If I were to ever decide “I’m not playing this game! I’m selling out in July and buying back in December,” I’m sure our stocks would just cruise up 50% or more in the second half of the year and we wouldn’t see the December dip that year.
Anyway, I’m thrilled with January and I hope February treats us as well! Can’t imagine how that would happen, but as I just said, even when you think you know, you never know.
“I guarantee nothing but hard work.” - Bear Bryant, Alabama Football Coach, 1958 - 1982
“A man’s gotta know his limitations.” - Dirty Harry
“If you must tell me your opinions, tell me what you believe in. I have plenty of doubts of my own.” attributed to Goethe (but not sourced)
“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” - Attributed to Albert Einstein
“exponential compounded growth does not fit the analytical backward looking skill sets of most Wall street analysts” - mauser96
“I presume the thing is to ride the momentum for the short squeeze and exit fast with enough money for a few months supply of whisky before everyone realises it’s a value trap.” - Strelna