For me anyhow.
Last March, almost exactly a year ago, I used the downturn to consolidate from lower conviction stocks into higher conviction stocks, all the while, reconcentrating my portfolio for focus.
Well, this past week I’ve done the same.
I don’t know how to time to top and take “money off the table” or the bottom and buy at the “perfect moment”
But…I do recognize when I start fishing for new stocks because my portfolio feels “too hot”…and when I see 30%+ cuts in businesses executing as well today as they did last week with NO CHANGE in their business landscape.
So, a week ago I was a portfolio that looked something like
7% Cash from AYX & FSLY sell
As you can see…shotgun approach…long tails…I justified it as “buckets” for CTV and “buckets” for sports betting
So as things started dropping I took the time to write out what my ideal portfolio would look like. Where do I have conviction backed up by numbershere’s what I came up with
CRWD - 20%
TTD - 10%
ROKU - 10%
DDOG - 10%
TWLO - 7.5%
NET - 7.5%
ZS - 7.5%
OKTA - 7.5%
ASAN - 5%
SNOW - 5%
SKLZ - 5%
ZM - 5%
So today, I’m close to that. I have a few %’s of CURI in my kids Coverdell given its tie to them and their interests.
I feel…at ease.
But, please consider, I have savings in the event I lost my job. I’m not near touching this portfolio for retirement needs. I am in a different situation than others because it is my situation
Your portfolio should reflect you.
I look at what has staying power.
Watchlist companies for me remain.
eCommerce (which I admittedly don’t feel comfortable in since I sold a 10% allocation fo SHOP at $120 average…oops)
bioTech (NKTR…shivers…but I got it right on INSP)
So that’s my entire mind dumped out. When I see market downturns I retreat to positions that are winners and leaders in their categories.
If I did anything else to my portfolio I’d be tempted to trim OKTA to 5% and add SNOW to 7.5%
Just where my mind is. I’ve been working on a breakdown of their ER, which was fantastic.
Just a Fool