My 2020 Portfolio Performance YTD as of
Jan +23.79% Feb +26.86% Mar +10.12% Apr +31.49% May +62.13% Jun +118.30% Jul +153.87%
My Current Allocations
Ticker Curr% Buy/S Mo Ch YTD Ch FSLY 19.3% 7% 13.3% 380.8% ZM 17.5% 16% 0.1% 273.2% CRWD 14.2% 7% 12.9% 127.0% ROKU 10.7% 5% 32.9% 15.7% AYX 7.7% -8% 6.8% 75.4% PD 3.1% NEW 6.5% 30.3% PTON 2.3% NEW #DIV/0! #DIV/0! LLNW 0.8% -75% -14.8% 53.7% TCDA 0.4% NEW #DIV/0! #DIV/0! options 4.9% cash 19.1%
January - PINS
February - none
March - OKTA
April - ROKU
May - LVGO (again), WORK, FSLY, PLAN
June - DOCU, LLNW
July - PD, PTON, TCDA
January - none
February - HUBS
March - SQ, LVGO, MDB
April - OKTA
May - PLAN, PINS, SMAR, DDOG
June - ESTC, WORK
July - DOCU, LVGO
Why I did what I did this month
PD - I wrote in May about why I was passing on PagerDuty for better alternatives, but as my cash mounted in July I decided to take a small position when the stock was down (around $25). https://discussion.fool.com/why-i39m-passing-on-pager-duty-pd-34… As with DOCU a month prior, I feel that holding this PD position is a better option than holding cash.
PTON - Took a small position after my conversation on the board with MajorFool20. Here are a few key posts, but read the whole thread.
TCDA - Months ago, Bulwnkl identified a binary event here coming 8/22. https://discussion.fool.com/tcda-an-under-the-radar-gem-34321976…
He was kind enough to offer an update as well: https://discussion.fool.com/tcda-update-34517425.aspx
A FUD event came a couple weeks ago, and when Bulwnkl and Cosmid put it into perspective, I jumped and grabbed a tiny speculative position. https://discussion.fool.com/to-be-clear-fda-did-not-reject-the-a…
DOCU - I bought DOCU in early June after they reported earnings (https://discussion.fool.com/thanks-for-the-write-up-kyle-on-the-…). Then DOCU went from $140 to $200+ in a month, and I figured I’d take my profit. DOCU was merely something I felt had little downside and was better than holding cash. I don’t think there’s much upside at this point. It’s a $41 billion e-signature company.
LVGO - This one has caused me plenty of consternation. It was always a small, speculative position for me, and never high-confidence. It was very good to me, but now I’m out. I guess I just don’t know if the runway is long enough to catch up with the valuation. They have a decent start (going on 400,000 users I think) but I wonder how many more of the 30 million+ US diabetic population will choose to use Livongo. Incentives will be key…but my fear is that this means it’s a potential house of cards. But it’s looking pretty for now!
ADDED TO or TRIMMED
Nothing too major, except sold a good bit of my small LLNW position. I thought the earnings call was actually encouraging, but this is a low-confidence position.
I was out of town this weekend, so we’re now one market day into August as I am posting this. Today was insane! My portfolio was up 154% at the end of the day Friday, and now it’s up 168% after today. My portfolio is 268% of what I started the year with! This is not normal! But I don’t know what to say any more. I didn’t really think a year like this would ever happen. Of course I didn’t expect it in a year like 2020, when other things have been less pleasant. This is a strong reminder that we CANNOT time the market. No matter what. Even if you know what’s going to happen, like a recession, you don’t know how the market will react.
Stay long, stay safe, be kind, be happy.
“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
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 2019 monthly posts): https://discussion.fool.com/bear39s-portfolio-through-dec-2019-3…
Jan 2020: https://discussion.fool.com/bear39s-portfolio-through-jan-2020-3…
Feb 2020: https://discussion.fool.com/bear39s-portfolio-through-feb-2020-3…
Mar 2020: https://discussion.fool.com/bear39s-portfolio-through-mar-2020-3…
Apr 2020: https://discussion.fool.com/bear39s-portfolio-through-apr-2020-3…
May 2020: https://discussion.fool.com/bear39s-portfolio-through-may-2020-3…
Jun 2020: https://discussion.fool.com/bear39s-portfolio-through-jun-2020-3…