Amzn $300k Sq $10k Meta $10k Abnb, pypl, uber, dash, lyft, snap $5k/each Total: ~$345k 401k: ~$120k - 2050 retirement something fund Planning to convert some of amzn to spy but when I checked amzn/spy ratio for the last 2-3 years, I decided to wait a little bit more so that spy/amzn become <2.5 Appreciate any comments. TC: $290k YOE: 11 Title edit: I got extremely kind comments from Blinders which was surprised me. :) Please feel free to roast me and my portfolio.
should have diversified out of such a tech heavy portfolio (6 months ago 😉)
:(
What made you bet your future on AMZN lol
Ex amazonian :) wanted to convert some amzn to etfs right after covid but didn’t have that much at that time.
You need to post total comp
Sorry tc IRS, updated :)
Uber and Lyft seems duplicative. 300k in one company is crazy. AMZN is very likely a great long term holding, but I’d siphon off chunks of that holding into others like MSFT, NVDA, GOOGL etc if you really want to stay concentrated in tech.
Thanks for the feedback. The reason that I concentrated in tech was just because of the inexperience that I had. I got big chunk of amzn in last 2 years (%80 of rsu) and bought other tech stocks because I heard of them or used them. I didn’t even think about sectors other than tech. (energy, healthcare etc)
Well I hope you got into AMZN at a good price! I had a nice position pre-pandemic and sold last year after a pretty crazy run.
I think it looks good but too much in one sector…might ask well move amazon to spy and take a 50k position in amazon
Thanks man!
**Not investment advice** $DDOG $SNOW $GTLB $NET $CFLT I would trim or sell PayPal, Uber, Lyft, Snap,Dash. Focus on SAAS CLOUD DEVOPS. Look at metrics like revenue growth, FCF, P/S
Already knew Datadog and snowflake but will check the others. My issue is when I bought those tech stocks, I had no idea about revenue growth, p/e etc. I just bought them because their names were familiar. :( Thanks for the feedback though. I’m actually planning to sell those stocks but just waiting for a ~%10 increase so that I won’t sell for loss.
Following no one. Study each coming and track every earnings.
It’s not a portfolio, it’s basically Amazon and some small bets :)
:) do you recommend converting amzn to etfs asap? I just think amazon will outperform spy for the long term and wait for a better ratio. It seems I’m timing the market. Lol
Amazon has many vulnerable areas. It can drop because of any of them that would significantly set you back. Why do you want to risk? Also as ex employee you are fairly biased. I saw many people at meta overly exposed to it and “certain that it will outperform the market”. Well a few month after you saw what happened. Start with something small, set a goal of selling a couple of shares every other week. It wouldn’t feel like much but gradually you would diversify. Not a financial adviser, not a financial advice.
I’d hold that Amazon, maybe 50% of it then move it into the broader market over time (DCA into SPY, VOO, VTI, etc).
Thanks for the feedback! I was actually thinking to move amzn to spy at one time and thought DCA only applies if you have cash :) It seems it’s also valid of you convert big chunk of X stock to Y
Putting all your eggs in one basket isn't always bad. Check out this guy: https://www.forbes.com/sites/johnhyatt/2021/10/31/elon-musk-fanboy-leo-koguan-bets-nearly-everything-on-tesla-and-makes-billions/
Lol. It’s like a double sword edge it seems. Tesla would be the one of last options that I would long at least under the current market conditions. I have a feeling that it’ll take a big hit in next years and way overpriced. Anyway what do I know at the end, I have %85 amzn in my portfolio :)
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Is this your play account or a long term account? If long term, needs to be diversified asap.
Long term. Do you recommend converting most of amzn to spy vti asap?
What would the diversification look like?