Hello fellow investing community members,
Here are my results through August. I agree with Saul and others - what an insane month!
YTD, my portfolio is up 49%
S&P = +8.5%
NASDAQ (.ixic) = +17.5%
Russell 2000 (iwm) = +13.5%
Another way to look at it:
So far this year, my portfolio is up 49%
For the trailing 12 months, it’s up 62%
Top ten stocks - % growth:
Why aren’t my results better?
(A) I have several companies that are good, but not good enough. The list includes: MELI (Mercado Libre), ATVI (Activision Blizzard, EPAM, MFA (MFA Financial), AAPL (Apple), JD (JD.com), and TCEHY (Tencent). I’m in the process of either selling all or a portion of the above.
(B) I have a hefty amount of cash.
Top ten stocks - % holdings:
First: NFLX (Netflix) 26.9%
Second: Cash ($$) 7.5%
Third: AAPL (Apple) 6.9%
Fourth: AYX (Alteryx) 4.9%
Tied for Fifth: MFA (MFA Financial) and MDB (Mongo) 3.9%
Sixth: ABMD (Abiomed) 3.4%
Seventh: SQ (Square) 3%
Eighth: PAYC (Paycom) 2.6%
Tied for Ninth: TLND (Talend) and TTD (Trade Desk) 2.4%
Tenth: TDOC (Teledoc) 2.2%
76.4% of total portfolio. This number has improved because I’m slowly learning to adopt this new way of investing. Yeah, yeah – I’m a slow learner.
Results at the end of each month:
April + 20%
Sold CLDR (Cloudera)
Sold GPN (Global Payments)
Sold HUBS (Hubspot) This was one of my top performers in 2017
The reason that I sold is I’m trying to have a more concentrated portfolio, and also create the cash to more fully invest in the companies that I have a stronger conviction.
Thanks to the folks that helped me think about my “minnows.” By that I mean I have a lot of small guys that are doing great, and I need to concentrate on them. I also appreciate others that post their results. As I’ve mentioned before – that has helped me say goodbye to companies that I owned for years that frankly weren’t performing as well as my new style of investing. Ethan, I especially got a kick after reading your update. My kids are slightly younger than you, and I’m going to share your post with them.