Portfolio Update: +237%
Added to SQQQ, Trimmed 2 Positions
Here’s a quick look at overall portfolio performance. I share in depth updates with subscribers regularly. Not because past performance is indicative of future returns (it isn’t) but because I believe in transparency around if my opinions/analysis works or does not work
In my last two updates I shared some major changes in my own sentiment and changes to the portfolio after a few years of exceptionally strong performance.
I simply feel like there is beginning to be reckless/irrational hype about seemingly unlimited projected AI growth from investors and then we’re seeing companies like META, GOOGL, NVDA, and others being raising debt to fund growth for the first time in years.
I’m not concerned with those company’s balance sheets. I’m concerned with the pace they are going to set by causing other (weaker) companies to have to chase growth at all costs and run themselves into the ground.
Ultimately this will make the strongest companies even stronger but I think we’re in for a lot of pain (and better buying opportunities) along the way.
Here’s a link to my last update for reference:
And here are the changes I just made and the current portfolio after those changes.
Trust me, I’m not a perma-bear. I don’t even like being “bearish” and I’d much rather just hold on to great companies and do nothing. But when I see what I believe to be irrational behavior, I take a more active approach and I’ll always keep subscribers updated when I make changes.