Jan 11
Getting Destroyed in the Market (Down Big!). Week 2 Update.
No One Said This Market Would Stay Irrational 🤡.
Portfolio — Week 2
Portfolio Analysis
This is not a great start of the year but it’s just part of the game. Down big over 6% (yikes!) but I’m honestly not losing any sleep and still feel confident with my conviction plays.
Ironically, my short position on ARK is doing pretty well 🙃.
We’ll see what happens with BlackRock earnings coming up. Based on analyst estimates, there is a possibility that there could be more pain (not macro related) to come because they also project slowing growth.
Bottom-line → this is a macro related sell off, just the beginning of more pain to come while we transition from QE (quantitative easing) to QT (quantitative tightening).
Portfolio Recap
20% BlackRock → Strategy Here
20% Costco → Strategy Upcoming
20% Builders FirstSource → Strategy Upcoming
15% UnitedHealth Group → Strategy Upcoming
15% Palo Alto Networks → Strategy Upcoming
5% Tuttle Capital Short Innovation ETF → Strategy Upcoming
5% ARK Innovation ETF → Strategy Upcoming
Big Picture
Deployed $100,000 in my Power E*TRADE account to above allocations. $100.00 in fees and $12.00 remain in cash.
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DISCLAIMER
THIS CONTENT IS NOT FINANCIAL ADVICE! DO NOT COPY MY PORTFOLIO! DO NOT BUY MY STOCK PICKS! I AM A RANDOM PERSON ON THE INTERNET! I COULD LOSE ALL MY MONEY AND SO COULD YOU, SO DO YOUR OWN DUE DILIGENCE! YOU ARE RESPONSIBLE FOR YOUR OWN FINANCIAL DECISIONS SO DON’T BE AN IDIOT.
