Jason’s October Portfolio Summmary

Since I’ve been posting my monthly summaries for more almost three years; despite my being crazy busy, I didn’t want to miss posting again

I apologize for not taking the time to move this into a Google Doc where then the formatting would be better.

2018 > +38.9%.
2019 > +32.9%
2020 > +203%
2021 > +46.8%

2022>. MTD YTD
January: (-)22.3% (-)22.3%
February: 6.4%. (-)17.3%
March: (-)1.77%. (-)18.8%
April. (-)21.76%. (-)36.5%
May. (-)25.8%. (-)52.9%
June. 8.17%. (-)49%
July. 1.51%. (-)48.3%
Aug. 12%. (-)25.3%(given in error). Actual YTD (-)42%
Sept. (-)13.9%. (-)50%
Oct. (-)4.63%. YTD (-)53.2%

Allocations as of 10/31/22

Snowflake 25.06%
Cloudflare 22.00%
Datadog 15.60%
Crowdstrike 11.74%
Bill 11.56%
MongoDB 7.08%
Monday.com 4.82%
Zscaler 2.14%

This portfolio is what is in our non-taxable Roth and Rollover IRAs only. 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 less than 1% in cash.

The only decision this month was to do nothing. Tinker used to write about doing nothing as ‘perhaps the most important decision that can be made’.

My holding ~7% position in MongoDB is based on my understanding that Mongo has inherent in their business model every bit the leverage available to become as profitable with as high a margins and Free Cash Flows as Crowdstrike and Datadog. Mongo’s management is investing in growing their business at a time when Revenue growth has declined somewhat. This decision by their management may be explained by, and my understanding is, that they are efficiently (enough) enabling their adopted into what is their Current rate of the adoption for this market (The Landing and the expanding).

Their current pull back in revenue growth is due to the fact that their revenue growth is dependent on the end customer usage, more so than other companies, save Snowflake.

Best

Jason

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