Today 7/7/2020 marks the attainment of the elusive triple digit gains YTD and 101% returns in the portfolio… Quite extraordinary and even more exciting is that I’ve held many of these companies one to two years and that the portfolios total 3 year returns (2018/2019/ 2020) are now 417%. I hope you are all healthy and enjoying this extraordinary and unique investment period, not taking it for granted or believing this is the new normal…it is not…and as it was pointed out to me this morning by my friend Tom, when Tesla trades over $1300 per share and the volume exceeds the entire SPY (S&P 500 index) today, there is likely a long term problem which payment in the future is unavoidable . Things are certainly frothy and I have no regrets not owning Tesla, which could’ve been bought around $300 not long ago this year.
That said, I maintain my 91% stock allocation in the 10 companies I am invested in and do not plan to divest of them at this time. One of them (the smallest holding in the portfolio, LVGO) is up 20% today on another upgrade by an analyst. Took them long enough! 😉😱.
Be well my friends, stay healthy and invest what allows you to sleep well at night! I will repeat what I said about two months ago during which time the portfolio has doubled, the portfolio could get cut in half or double by the end of the year. I give it a 50-50 chance it could do that again and these companies have the growth, financials, management teams and business model to do it.
Cheers!!
