Retirementdough April 2022 Portfolio Update

I original began posting portfolio updates on Saul’s board. For over a year I was invested in a cannabis company which got my posts deleted for not following the rules of the board. I moved my updates to the legal cannabis board. However I recently sold out of my cannabis position. I do not have a home board however I like posting my monthly results to reference in the future. I am looking for a home board. This is one that I have followed over the years. For now it will be my monthly portfolio posts new home.

Portfolio Update 5/01/22 8:30AM

It’s been a month since I posted my last portfolio update found here;…

I have found doing these updates is helping me keep better records of my investing thought processes over time. Much like keeping a journal in life when you re-read in the future it helps you remember what your thoughts were at the time of writing. Hopefully others find this helpful as well.

Current Portfolio as of 5/1/22.  
Change since 4/1/22		   	 -21.1%		        YTD	-41.3%

VTI Monthly 				   -9.5%   		YTD	-14.9%

I have decided to just benchmark versus the VTI which is Vanguard Total Stock Market Index Fund, which is probably what I would put my money into if I did not want to spend time researching stocks. VTI includes all 3600 stocks traded in market.

Stock		% Portfolio 	  % Portfolio	       % Change 	Market         Monthly Stock 
		Current	           Previous	       Portfolio        Cap (B)        Price change %
UPST		  78.4                63.0		+15.4		6.4		-31.2
MNDY		  21.1                 7.7  		+13.4		5.8		-21.8
CASH		   0.5                29.3		-28.8

New positions since last portfolio update: NONE

Exited positions since last update: NONE

Trades between 4/1/22-5/1/22

Bought: 	MNDY		4/12		143.33
		UPST		4/14		 87.55
Sold: 		None

Thoughts on trades and companies for the month.

Currently at year to date lows. It is always darkest before the dawn. Both of my companies are reporting in the next two weeks. I could see fortunes changing quickly with positive reports. I am tempted to invest it all in Upstart but have been fighting that urge. I have in the past (especially early investing years) fallen in love with a company/stock where I felt it was a good investment even if the numbers showed differently. I do not think this is the case with Upstart, the numbers are impressive. The negative sentiment for Upstart is more forward looking, the market does not think it can thrive in rising interest rate environment. I plan on waiting to find out when the quarterly reports come out. So far I have seen nothing in the numbers that concerns me.

Monday is in a competitive software space, however I do think it numbers show that it is doing just fine. Both companies are out of favor at the moment. If I had more money to invest I would be buying them both. However I am 99.5% invested currently (plan on buying with the 0.5% cash soon).

Upstart UPST
MC 6.4B
TAM 1.4T…

Monthly performance of stock for April was -31.2% following a similarly brutal March. YTD -48.1%

Quiet month on the news front. Upstart reports first quarter earnings on May 9th.

(USD)                        Fiscal Q4 2021 ended 12/31/21	     Year/year change
REVENUE	                              305.33M	                          247.82%
NET INCOME	                       58.94M	                        5,639.44%
DILUTED EPS	                        0.60	                              —
NET PROFIT MARGIN	               19.31%	                        1,550.43%
OPERATING INCOME	               60.89M	                          431.02%
NET CHANGE IN CASH	               19.48M	                          -90.29%
CASH AND EQUIVALENTS	              986.61M	                          293.35%
COST OF REVENUE	                       41.05M	                          220.97%

Monday MNDY
MC 5.8B
TAM 55B…

Monthly stock performance was -21.8% YTD is -57.0%

Quiet month on news front. Monday reports first quarter earnings on May 16th.

(USD)	               Fiscal Q4 2021 ended 12/31/21	                      Year/year change
REVENUE	                          95.55M	                                    90.55%
NET INCOME	                 -32.61M	                                    48.13%
DILUTED EPS	                   -0.73	                                    86.65%
NET PROFIT MARGIN	         -34.13%	                                    72.78%
OPERATING INCOME	         -31.60M	                                    48.78%
NET CHANGE IN CASH	          10.59M	                                   188.07%
CASH AND EQUIVALENTS	         886.81M	                                   583.14%
COST OF REVENUE	                  11.77M	                                    76.14%

YTD return of portfolio for each month 

January  	-30.4%
February	 -9.4%
March		-19.5%
April		-41.3% (end of the month has been low of entire year)

I think sharing ones portfolio can be a helpful endeavor but obviously I have a huge tolerance for risk. I base my investment decision on my analysis and thoughts alone. I listen and weigh others thoughts and information but never hold them accountable for any investment decisions that I make. Portfolio allocation is another unique decision for all investors. I obviously am extremely highly concentrated. This investment style is not for the faint of heart. It requires quick decision making and action if one feels there is a change in investment thesis. You can look at last months update to see where I unwound a good size position in a company that I had been invested in for over a year and wrote many positive posts about. What had changed? The numbers showed slowing growth that was hidden bye a buyout of another company. If I had not know the company so well I might have been fooled into believe it was a good earnings report. However it showed slowing revenue growth and forecasted slowing revenue growth. I made a quick decision to get out at a loss. I state all of this to clarify that one should study and hold yourself responsible for investment decisions. New investors should take the time to learn first before investing their hard earned money.


You have some major investing cajones! I have an oversized Upstart position and have been slowly accumulating shares. But, while I have high risk tolerance, I need more diversity in my portfolio. I agree w your UPST thoughts and would add that they have a very long runway. While they haven’t been through a down economy or rising interest rate environment, I believe their AI models and pricing structure will capture that risk appropriately. IMO the sell off has been way overdone and doesn’t reflect their business performance whatsoever.
Will be interesting quarterly report!