I started following this board in March 2020 and I believe it has improved my investing dramatically. I welcome questions and comments. Apologies–I am keeping this short because I don’t have a lot of time to work on it this weekend.
One thing I don’t love about my portfolio is I feel it isn’t likely to perform well if inflation hangs around, and I think the likelihood is that it will. But I’m not really sure what to do about this. One stock I bought a few months ago that I thought would perform very well in an inflationary environment was Dollar General, which turned out to be a very bad investment.
My investments are in two accounts of roughly equal size, and they are broadly similar, but I have decided to focus on my IRA because it is easier to track. It has very limited options exposure and no money moving in or out of it. I may note a few differences between this account and the taxable one to give a better sense of my overall strategy/exposure.
Many of my stocks are not Saul stocks, though my understanding of what constitutes a Saul stock is less clear lately, and I suspect I am not alone in my confusion. I also own way too many small positions. Try as I might, I can’t seem to cure myself of the temptation to take a tiny position in something which I think is interesting but where I have very little conviction. I won’t list all the stocks, and I will write little or nothing about stocks which I feel certain are not Saul stocks.
Performance YTD +28.69%
1 year return +8.63%
3 year return (cumulative) +13.13%
5 year return (cumulative) +17.92%
Performance since all time portfolio high at end of September 2021 -61.9%
Pagaya PGY 16.4%
I have posted about this a couple of times recently. This link and the ensuing discussion is probably most helpful.
Call Pagaya a penny stock if you want, but not too many penny stocks have former Fortune 500 CEOs like Harvey Golub on their Boards of Directors. I hadn’t even noticed this until addedupon pointed it out it a recent post, so thanks for that.
I added a bunch at or near the recent highs and then kept adding as the shares fell below $8. Between my two portfolios, this is actually my largest position.
For a discussion of SOFI, including many of the reasons I like it, click here
I still think this is a great pick-and-shovel play on AI.
Another AI play. Scores pretty well on a quant service I subscribe to, and many of our stocks don’t.
I am doing a really bad job with this one, getting in and out at exactly the wrong time. I’m just following the crowd here.
Clearly not a Saul stock.
This may be a fine stock, but the competitive dynamics in this market are a bit complex for me. I might get out of this.
Following the crowd.
Following the crowd.
Following the crowd (no pun intended.)
Not a Saul stock, but I like the AI/biotech combination.
See here for a brief discussion.
Cash and several tiny positions 8.7%
Two other stocks I own in the other portfolio but not this one are TTD 6.5% and APPN 3%.