Ride the Wave 18 - Stock Market Winners
~511K Covid19 USA cases
|Ride the Wave||Apr 11|
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 to start investing, email me!
Stay invested in the long game! Timing the market is unpredictable and a guessing game.
Disclaimer: I am not an expert. Financial decisions based on my newsletter are your responsibility. I write this letter for educational purposes. Formulate a plan that works for you.
The position size won’t equal 100%. I have small positions that I like to watch/track and build to. Once a company’s position size is greater than $VTI/VOO, I will add it to the table.
SQ - Jack Dorsey, the Twitter and Square CEO, made headlines this week for generously donating $1B of his ~$3.5B net worth. Dorsey is quite impressive and his company Square looks to be changing the game. I haven’t used the Cash app much, but plan to very soon. My favorite feature of Cash app is it lets those who are unbanked invest in companies for as little as a $1 with no fees. If interested in downloading, use this link and we’ll both get $5!
SIX - Six Flags
Minor sells this week:
$WK - tax harvesting
$INTU - shady company. I don’t trust them and it’s hard to win back trust. If customers don't trust them, how can they be a longtime winner.
$BMY - outside my circle of competence (looks like great company)
$ZM - feel like there is too much hype. The expectations are unreal and they face tough competition. None of these necessarily matter with a great founder and great product, but I'd rather build to this position when expectations are lower.
What I’m up to
Jim from the Office delivering funny and feel good news for us while we deal with the pandemic.
Some Feel Good Stories:
Is a 42-year-old who beat cancer twice and had a kidney transplant. He’s also an emergency goalie. Per NHL rules, there are 2 guys in the stands at all games that are ready to be an emergency backup for either team.
On 2/22, the Carolina Hurricanes needed him in Toronto. Ironically, David has ties to the Toronto Maple Leafs. He is a Zamboni driver for the Toronto Marlies, their American Hockey League team affiliate, and works maintenance at the Marlies’ arena. He has even spent the last eight years as a practice goalie for the Maple Leafs and Marlies.
With David Ayres in goal, he lets up 2 goals on the first 2 shots. He then stonewalls Toronto and the Hurricanes win. David
becomes first and only emergency backup goaltender to record a win in NHL history
gets standing ovation from the home crowd he just beat
has a day proclaimed after him and becomes a legendary jersey purchase for thousands of fans
practices with Toronto the day after beating them
Keanon Lowe 🏅
David Wells Perfect Game 🍻
This newsletter was made while chewing 5 Gum! 💙
Thanks for reading!