12.11.2022 Portfolio Update (Monthly Edition)
12.11.2022 Portfolio Update (Monthly Edition)
Topics: Quote, Portfolio Update, Portfolio Discussion, Comments From Me & Major Announcement, Books Are Back, and Quick Shout Out.
Quote for this month:
“He who is not courageous enough to take risks will accomplish nothing in life.” - Muhammad Ali
Portfolio Update*
*I am NOT a financial advisor, I’m sharing my investing journey. Do your own research.*
For both screenshots and investing, I use Webull Platform, if you do not use it yet and would like to learn more about it and sign up, please check out my affiliated link here .
Portfolio:
Portfolio Discussion
I have trimmed from FF / SFM, and added a bit to IAC, SPOT, MITK, and WBD.
Dividends for November:
I’m looking to exit out of Future Fuel at around $9+ and to keep the proceeds as dry powder or to add to my other holdings.
Otherwise now is waiting game. Will be watching how Europe handles winter and for opportunities from my watchlist.
Comments From Me & Major Announcement!
December 2022 marks another year on substack and this blog has come a long way…
December 11 2020 - 2 subscribers
December 11 2021 - 327 subscribers
December 11 2022 - 1155 subscribers
This is after removing inactive subscribers
In December of 2020 I asked myself, “who the hell is going to read what I have to write about my investing and me” … my answer at that time was “I don’t know, but I have to try and see where this will go, because I have the urge and need to have a little space on the web that belongs to me, share my journey and hopefully find some good people along the way”.
I would like to give a big shout out to:
and Commonstock Community!These people have been a lot of help be it via DMs, Twitter, or Substack. They are good people and good investors with great substack and I want to THANK YOU.
There are of course many others that have helped me to get here who are “keeping low profile” those too I want to THANK and of course THANK YOU to all of my subscribers.
I appreciate all of you and with full honestly I do this 50% selfishly for me and 50% for everyone who reads this every month in hopes to be helpful.
In December of 2022 I ask myself, “what is next” and my answer is “ I’m not 100% sure but I want to try something new and a bit different and so I’m going to try it and see where it leads me”.
I will be introducing back paid subscription. I feel like I again can try and justify for myself that I can “charge” for what I put out (more on this in a bit). Although I am not really looking at it as charging as more of putting a little wall so that I can share more with those who really care.
A lot of things will stay the same and yet some will change.
I will start implementing some changes over the month of December into January and the REAL changes will be noticed with January Portfolio Update.
What will stay the same:
You will still be getting Bi Weekly Munchies, Have access to books I read, future deep dives, and almost the same format for my Monthly Updates.
What will change/be added for paid subscribers:
Additionally to what free subscribers are getting paid subscribers will be getting a bit deeper breakdown/look into my portfolio with addition of Average Price and Total Cost to get better feel of what I own.
Also I will be sharing my second portfolio which is my IRA. It’s smaller but I will be using as a piggy back and in addition to my regular portfolio construction/implementation.
It’s all will be in the same issue of Monthly Portfolio Updates with first part for free subs and later on with a pay wall for paid subs.
When January comes everything pre 2023 will get archives for paid subscribers only.
Additionally I will be creating chat for paid subscribers where I will try my best to be much more active and engaging with answering your questions be they related to stock market, personal finance, or about me.
I will also be sharing more about other investing things that I’m part of that I do not feel comfortable talking about to EVERYONE because I don’t want “internet” to pick on it and put it out in the web world, I would like to keep it behind “wall”.
Will be sharing more about VC stuff that I do (again its nothing crazy but I feel more comfortable keeping it behind wall)
Potentially also looking to add more podcast/commentary like stuff and maybe even videos (but that’s to be determined)
I also have another project that I want to start but I’m yet to determine if it will be for all or only paid subscribers.
Well that seems like A LOT for someone who runs couple of businesses, couple of side hustles, AND has a family (wife and two small kids) so you might ask how the hell am I going to pull this off? That is a great questions! One that I have been thinking about before I even thought of adding anything new to my substack…
Because my desire and passion for investing has not died out or even dimmed (even a little bit) since I started this journey, I will be giving this blog an extra time during the week that I will only be focusing on all of the things that I have said above.
I think having a day just dedicated to this blog (plus long late nights… of course) will be enough without getting burned out … that to be determent of course…
Also, I am introducing special offer to my current subscribers
This offer will expire on January 01, 2023.
Lastly, every email that ends with .EDU will receive free paid subscription as long as you use that email, but if that .EDU email wont “open” at least one email a year subscription will be revoked.
Books Are Back
This time around I finished four audiobook:
No Rules Rules: Netflix and the Culture of Reinvention by Reed Hastings and Erin Meyer
I enjoyed listening to No Rules Rules and learning more about Reed Hastings and Netflix’s culture. If you are a shareholder or want to learn more about Netflix and how the company “thinks” I highly recommend listening or read this book.
Netflix is one of those companies that is just not like the standard corporations and especially publicly traded companies. As Netflix grows it still is able to keep its “culture” of always thinking whats the best in companies interest and not the individual which is a big hidden competitive advantage that you can not see in number alone.
I give it 4.5 out of 5 stars.
The Power Law: Venture Capital and the Making of the New Future by Sebastian Mallaby
The Power Law is a nice and easy to follow introduction to Venture Capital world and how VCs are important for the world (and especially for USA). Book also emphasizes on the “never sell” concept and “letting your winners run” but at the same time giving examples of how its not always easy to do so.
Being “value investor” and being “venture capital” are two completely different ways of investing and yet I think both can learn from each other and benefit (for the long run) to bring a bit of “magic” into outside of the box thinking.
You cant generate alpha if you are thinking like everyone else.
I give it 4.5 out of 5 stars.
The Alchemist by Paulo Coelho
I was pleasantly surprised by The Alchemist, although I must say it took a bit of listening for me to get “used” to it, since I mostly listen to non-fiction books.
The Alchemist reminds me of other books that I have read like The Power of Now and The Secret or even The Richest Man in Babylon.
It was a nice refresher from my usual financial books and I would recommend it to read/listen but you must commit to the end for the full benefit (its not that long).
I give it 4 out of 5 stars.
Make Your Bed: Little Things That Can Change Your Life...And Maybe the World by William H. McRaven
Make your bed…simple concept and yet I’m pretty sure not everyone does it. William McRaven emphasizes the importance of starting your day with “making your bed” to start of your day with an easy task to do and yet once you complete it, you get a benefit of starting your day with a small “win” or “achievement” which basically sets you up for a good day.
William McRaven goes into more about his life in military and how little things in the long run create big things.
Lots of interesting stories from authors life and I would also recommend this one to everyone, especially to those who do not make their bed. ;)
I give it 3.5 out of 5 stars.
Quick Shout Out
I want to do a quick shout out to
andI think they are really under followed and under appreciated. Both fellas put out amazing constant content that is mostly for paid subscribers only.
As I said both are paid only but I think they are worth subscribing to and you can thank me later.
Thank you for reading all the way to the end…
I would love to hear your feedback (both positive & negative feedback is welcomed).
I would really appreciate if you would share my newsletter with at least one person who you think might enjoy reading (learning from) what I’m writing about.
Lastly, I would like to wish everyone Happy Holidays and Happy (soon) New Year. I will see all of you in 2023…that is January 2023.
May the year 2023 bring all of us much health and wealth…
Thank you.
Sincerely,
Yegor @ From100kto1M
P.S. Check out my LinkTree ⬅️ .
P.S.S. Don’t forget to ❤️ if you enjoyed it.
VMD 1.19%↑ LKQ 1.11%↑ SPOT -0.72%↓ SFM -3.22%↓ PYPL 3.01%↑ GOOG 1.06%↑ GOOGL 1.13%↑ IAC 1.19%↑ OZK 1.84%↑ WWE 0.41%↑ CVS 0.43%↑ FF -1.77%↓ WBD 1.33%↑ MITK 7.54%↑ OPFI -1.63%↓ OMAB 0.75%↑ EVO -0.33%↓OZKAP 0.32%↑
I greatly appreciate the shoutout and compliment, Yegor. Thank you.
Wow! Thanks for the shoutout!