I know Blind is not an investing-centric community, but experience tells me that crowd wisdom shouldn't be underestimated. I'm thinking of reducing or closing some positions but need suggestions on what alternatives to deploy the capital. My flagship portfolio has the following (ordered by LTM return): COST - Costco (34.09%) COF - Capital One Financials (31.26%) GOOG - Alphabet (30.42%) NIKE - Nike (30.13%) FB - Facebook (21.23%) NEP - NextEra Energy Partners (19.86%) JNJ - Johnson & Johnson (9.29%) MA - MasterCard (3.14%) AMZN - Amazon (-13.86%) -------------------- My other experimental ports have ETSY, SHOP, SNAP, TWTR (turnaround thesis), Unity, HXL, SE. I'm very concerned about Amazon due to 1) leadership transition and 2) engineering culture. In my interaction with Wall Street analysts, no one's aware of how SWEs perceive Amazon. But as a tech company, engineers are the bloodline. If the working condition and culture is really as abject as described on Blind, I think a eroding core might not fare Amazon well in the longer term. Also trying to exit ETSY. Feel free to share any names to supplement the portfolio or any critics or concerns for existing names. Thank you!
Considering you’re using words like “flagship” “deploy” and “turn around thesis” and concerned about working conditions talked about on a forum I’m assuming you’re a classic finance bro that also likely values “fair value”, NPVs, and PE ratios lol. None of that would have mattered if you just held QQQ LTM and sold covered calls and/or puts on that position. That “strategy” outperforms every single one of your positions including Costco at +34.09%. Not financial advice in anyway but I’d tell myself to allocate a portion of my MasterCard and J&J into Bitcoin and Coinbase. Not trying to be a dick just saying how it is mate
Thanks for the suggestion but I'm a fundamental equity investor, seeking for quality businesses that can compound is my job (for work and for personal investing), even though I'm trying to transition into a SWE career lol. I think fundamental quality and management still matter for stock picking. Last year was a once-in-a-lifetime phenomenon (yes, I did options too, and 6x'd my wealth through that), my pitiful 30% return might not seem much in a year like 2020, but I'm optimizing for long-term; Buffett's lifetime annualized return is ~20%, after all. Compounding is a very powerful friend. Thanks for suggesting Coinbase, I will take a look. I do have Square and TSLA in my other ports so I guess I do have some Bitcoin exposure.
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