December Portfolio Summary for Jason

Since the time I began to try to follow Saul’s advice and listen to the contributions from everyone here:

Year % Change
2018 +38.9%
2019 +32.9%
2020 +203%
2021 +46.8%
2022 (-)58.55%
2023 Month to Date Year to Date
January +14% +14%
February +6.45% +21.2%
March +1.55% +23.13%
April (-)14.5% +5.28%
May +31.5% +38.4%
June +7.3% +48.5%
July +4.4% +54.5%
August (-)5% +46.8%
September (-)2.5% +43.1%
October (-)10.1% +28.65%
November +20.5% +55%
December +7.3% +66.27%

Remember, I have extremely high risk tolerance and what seems reasonable for me may not be reasonable for you.

12/29/23 11/30 10/31/23 9/30/23 8/31/23 7/31/23 6/30/23 5/31/23 4/30/23 3/31/23
Tesla 33.61% 34.84% 33.35% 31.46% 31.63% 35.02% 33.69% 33.11% 31.07% 30.32%
Snowflake 18.84% 19.07% 20.3% 19.21% 14.95% 20.01% 15.99% 16.03% 31.64% 28.18%
Cloudflare 12.95% 12.88% 12.59% 12.58% 17.93% 19.26% 19.80% 33.8% 28.65% 27.03%
Pure Storage 9.65% 8.7% 10.64% 10.08% 8.97%
Samsara’s 8.82% 10.93% 8.87% 9.69% 8.38%
Nvidia 16.75% 13.58% 14.26% 6.84%
Crowdstrike 0% 5.26% 9.98% 14.11% 13.34%
Zscaler 0% 4.89%
Monday 0% 8.15% 7.89% 14.26% 16.16%
Datadog 0% 7.20% 13.27%
MongoDB 0%
Cash 0% 0% 0% 3.7% 2.42%

This portfolio is what is in my family’s non-taxable Roth and Rollover IRAs only. It contains the bulk of what we’ll live on during retirement. We have not added any money to these accounts for many years. To buy something I’ve sold something else. I don’t trade options or use any leverage. I stay fully invested at all times and keep, on average, less than 1% in cash.

December

I sold some Samsara to add to Nvidia @ $475. I had to sell something to do this🥴

The only reason I could see not leveling up my Nvidia allocation was if Nvidia doesn’t continue to dominate the Market their selling into. The following is just a way of my summarizing my thinking in this.

“You can’t solve this new way of doing computing by just designing a chip,” said Jensen Huang, CEO/Founder of Nvidia. “Everything from the networking to the switching, to the way the computers are designed, to the chips themselves, all of the software that sits on top of it, and the methodology that pulls it all together. It’s a big deal because this is a complete reinvention of the (entire) computer industry.”

The shift Jensen is talking about lines up with what Sam Altman describes as the future of technology. At OpenAI’s keynote address, Altman describes a future where humans ask computers to do a task for you, instead of doing the task on the computer. They’re describing AI generation as not just a feature, but the core operating system of computers moving forward.

“The initiatives that we see for vertical integration are very, very muted,” Tristan Gerra, Baird’s Senior Research Analyst (Tip Ranks as top 5% of experts and analysts) covering semiconductors, told Gizmodo. “Meta is not going to have their own chip until 2025. AWS has talked about developing its own GPU, which we know is extremely complex and challenging, and that would take several years.”

Nvidia is trading its GPUs to cloud providers like Google, Microsoft, and AWS who are, in exchange, hosting Nvidia’s own AI cloud service, DGX Cloud. So just as these companies come for Nvidia’s AI chips, Jensen Huang is also building out cloud products to replace them. Nvidia is more than in some catch-bird seat. This is … well, this is better than…that. Am I right.

Thanks you forever Saul!

Best to ya’ll,

Jason

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