Getting Destroyed in the Market (Down Big!). Week 2 Update.

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Portfolio — Week 2

Source: Power E*TRADE from Morgan Stanley

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.

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Managing a Personal $100K Wannabe Hedge Fund Portfolio and I Have No Idea What I’m Doing.

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Analyst Peter

Analyst Peter

Managing a Personal $100K Wannabe Hedge Fund Portfolio and I Have No Idea What I’m Doing.

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