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Beat the S&P500 by riding the winners. This is my plan to build wealth using simple trend following tactics like adding to winners, cutting losers, and buying companies that I know and understand.
No idea where/how toĀ startĀ investing, email me!
Proven Winners
I sold out of $SYF, an extremely minor position, for tax harvesting purposes. Harvesting tax losses to offset gains and income can help lower taxes. For me, it also feels good to get losers out and reinvest that money in a winner.
Bought $NVDA & $AAPL.
Disclosure: I am not an expert. Financial decisions based on my newsletter are your responsibility. This newsletter is for educational and informational purposes only.Ā Formulate a plan that works for you.
The position size wonāt equal 100%. I have small positions that I like to watch/track and build to. Once a companyās position size is greater than $VTI/VOO, I will add it to the table.
Recently Added
Iāll repeat this from last weekās newsletter because it felt strange to buy stocks this week.
Thereās a winner somewhere. Downturns can help identify long term winners.
Background
KRMD -Ā Repro-Med Systems
AAPL - Apple
What Iām up to
Moving DT RaleighĀ
š»šļø:
Iām excited and anxious - time will tell how I enjoy city livinā. At the very least, I plan to use the experience to write and discover more about Raleigh.
Shoutout to friends and family for advice, opinions, and perspective. Without them, I feel like this move wouldnāt have happened.
Some thoughts on Renting vs. Buying
Ultimately the decision comes down to what is important to you at the present time. In this post, I'll cover some things to consider.
Finance. The financial advice I've seen is to only buy if you are ready to commit 10 years.
Convenience/Flexibility/Responsibility. Thereās convenience in not owning. Owning and dealing with household problems can be stressful. It is also, easy to move when renting > at most pay 1 months rent.
Home Feels. Buying = owning and that feels different than renting. It can be tough making, treating, and viewing a spot you rent like a home.
Investment. Ramit Sethi preaches that Real Estate as an investment is overrated in USA. Don't just consider buying because "renting is throwing away money".
Keeping Up with the Joneses. As the study puts it, "individuals in fact are happier when they live among the poor, as long as the poor do not live too close".
Rent to Buy Ratio. Above 20 = rent. Below 15 = buy. For DT Raleigh, the ratio I calculated was like 33.
Additional perspective.
Make a Home. Nat Eliason writes,
"There's immense joy in investing in building a home for yourself, a joy that you don't get from renting. I understand the economic arguments that you (maybe) shouldn't buy a house, but I think you should ignore those if you have the means and forego some financial upside in favor of significant emotional upside.
It's a weird mental switch, owning a home. You'll have little things that annoy you about it, then you'll realize "oh wait I can do whatever I want to this thing." It's pretty neat. And you'll care way more about making it comfy, personal, well decorated, and a good place for hosting if you know you're going to be there for a while.
Not everything in your life has to be a financial maximization question. Save up and buy a house when you can. It feels great.
Plus it's a good excuse to buy more books."
Make it this far
š and have a perspective to add? Please share in comments.
Turned 25.5 years old in NYC. Hereās some pics and a food rec from my trip
š“šš:
Jacobās Pickles - epic meals and huge portions.
To end the Raleigh - NYC theme
šš§” :
Raleigh to NYC prison break.
This newsletter was fueled byĀ dark chocolate! š
ššĀ recs!
Thanks for reading!
āļø Luke