[Premium] Stock Transactions Dec 2020

Have done a bit of trimming of my portfolio. Dropped positions in Alibaba and Microsoft as I feel there are better growth names. Sold: 70 shares of Alibaba at 265.10 40 shares of Alibaba at 265.02 50 shares of Microsoft at 213.12 The US government is set to vote on…

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  1. Would be curious to know your selection process for your portfolio, especially Palantir (maybe in a new post?).
    Didn’t think much when Palantir was listed up in your article, but it popped-up in some screeners as a stock with very high option premiums, and is also a small part of the ARKW etf portfolio.
    I myself stick to indexed ETFs for safety & stability, and I’m curious that you are heavy into individual stocks.
    I am sure you would have given much thought to your strategy and have put in place safety nets.

    1. Hi portalsoma

      I mainly invest in things that I liked, so I started in Amazon and Google. I also consume a lot of investment news, including FT, CNBC, and forums. Discussions on Youtube and Reddit got me started on Palantir and Tesla. I read up on them myself, and felt what they did was important. I have a lot of respect for Ark too, so I pay attention to what they buy.

      Your ETF strategy is not wrong and quite likely to beat my stock picks over time. I tell my friends and family to buy ETFs. I definitely won’t tell them to go into Palantir. Too much volatility and they don’t have the risk-on mindset I have. The reason I can take risk is that my portfolio is large and my expenses are low. So life doesn’t change if my portfolio goes down 30% or 50%, I just need to draw $2k a month for a comfortable lifestyle. Another substantial chunk of my monthly income comes from insurance. I can afford to sacrifice stability to get better returns in the long-term.

      Margin-wise, I only use $200,000, which is a fraction of what I can actually use. And I can pay it off immediately with my fixed income portfolio, which is quite stable. So I think my risks are managed well.

      Thanks for commenting!

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