July 2023 Portfolio Update

Topics: Quote, Portfolio Update, Comments from Me, Portfolio Discussion, Free Substacks That I Enjoy Reading/Listening , New Q&A Section, Books + Section for Paid subscribers.

Quote for this month:

“Unlike most people, we would be hoping that there would be a major correction in the stock market. If I have the access to capital and there is a downturn, we will buy as much as we can.” - Mark Leonard

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Portfolio Update*

*I am NOT a financial advisor, I’m sharing my investing journey. Do your own research.*

As of 07.04.2023

As of 07.04.2023

For the month of June

As of 07.04.2023

Portfolio (Basic):

As of 07.04.2023

I had to change from Commonstock to Portseido, because Commonstock can’t (automatically) connect to Webull.

To get access to full portfolio breakdown + some other extras consider 7 day free trial:

Comments From Me

Quick comment on the cash increase, basically a family/friend member asked me to invest $25,000 of their money in my account … i cant discuss details but long story short, after one year we will take a look at what has happen to that money and either they will keep holding money in the account (assuming they are satisfied with outcome) or they will take it back.

I’m treating this money as if they are mine, but also keeping in the back of my mind that (if must) have to return it at some later date.

Currently the numbers showed above go as: (total) $289,000 - (other) $25,000 = (mine) 264,000

The idea is to see if there is another correction I will be able to take advantage of it, if not, find another good buy opportunity, if not just return it after a year.

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Portfolio Discussion

I did some buying all around (all my buys and sells I discuss via monthly paid chats).

Since I have the extra cash I do not have to worry about selling some stuff to buy other stuff (which is nice) and yet I also do not see anything that is screaming buys right now.

I have added to BSM 0.00%↑ for the high dividends and added a bit to UG 0.00%↑ but I wont add more unless we get closer to P/E of 10 or yield 10%+

Speaking of high yielding dividends, I started position in FGFPP 0.00%↑ which are preferred of FGF 0.00%↑ . Thesis is pretty simple I believe FGF can cover the payments on the pref. which currently yielding around 15% and as of 2023 are also callable. At the price of $13, shares are redeemable at $25 which would be a nice trade of its own… I think its less likely they will be called and in the case of company unable to pay dividends, pref. have seniority over commons for any claims.

If you want to get more info on FGF check out post by

WSG Investment Research

FG Financial: A Hidden Spawner

Dividends for June:

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Free Substacks That I Enjoy Reading/Listening…

This month I will share Free Substacks and next month I will share Paid/Free.

I haven’t done this in a very long time, and since last time there have been a lot of great substacks that I have been enjoying, so I want to share some of those with you, in no particular order:

• The Investor's Journal by

  Brian McCann
  (Free)

• Monday Morning Links by

  Michael Fritzell
  (Free)

• Analyzing Good Businesses by

  YoungHamilton
  (Free)

• Breeley Capital: Thursday Think Tank by

  Breeley Capital
  (Free)

• Business Breakdowns by

  Ryan Reeves
  (Free)

• Co/Report by

  Co/Investor Club
  (Free)

• Chit Chat Money by

  Chit Chat Money
  (Free)

• Invariant by

  Devin LaSarre
  (Free)

• The Intellectual Investor by

  Vitaliy Katsenelson
  (Free)

• Contrary Research by

  Contrary Research
  (Free)

• Elevator Pitches by

  Editor, Elevator Pitches
  (Free)

• Librarian Capital's Research Library by

  Librarian Capital
  (Free)

• Kingswell by

  Kingswell
  (Free)

• Investment Ideas by Antonio by

  Antonio Linares
  (Free)

• Stock Market Nerd by

  Brad Freeman
  (Free)

• The Special Situation Report by

  David Paolella
  (Free)

• Special Situation Investing by

  Six Bravo
  (Free)

• Secret Sauce - Company Write Ups by

  Secret Sauce Investing
  (Free)

• Pillars And Profits by

  Soren Peterson
  (Free)

• The Wolf of Harcourt Street by

  Wolf of Harcourt Street
  (Free)

• WSG Investment Research by

  Michael Kandolin
  (Free)

• Eagle Point Capital by

  Matt Franz
  &
  Dan Shuart
  (Free)

• Value Vultures Newsletter by

  Value Vultures
  (Free)

I personally am subscribed to all of them and read or at least scan every issue.

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New Q&A Section

This new section is something I would like to try out (as I believe I might be able to expend more on my thoughts when questions are coming from others), every month I will try to gather some questions and answer them in this section…

Q: I am curious as to how you think your goals, or life might change once you get to your $1m goal?

A: I don’t really think my life or goals will change much, but I do think after reaching $1M milestone, I would be able to move onto my next goal/challenge/adventure. $1,000,000 is just a nice cool number that I think everyone would like to reach/have but for me its only only stop on the path of investing journey. If I’m able to reach $1M in less than ten years that would imply that whatever I am doing is legit and I would track record to back it up, with that said if on my 5th or 6th year I would get an opportunity to start a fund with couple of millions + (obviously) capital from me, I wouldn’t wait until 10th year to do so.

Money is a tool, nothing more and nothing less…

Q: are you day trading or swing trading?

A: I do not day trade or swing trade, I used to do it long time ago and when for a brief moment in my life I was a day trade in one of the firm in Manhattan. Unfortunately the pattern recognition are still in my head and I’m trying really hard to get them out of my head although I must say on a year-time-frames some patterns do hold up… until they don’t.

I’m a business owner, I try to buy with idea to only less when things are looking to change (to the negative aspect) or have changed from when I initiated my thesis and it seems like that thesis is no longer able to fulfill.

With that said if Mr Market get irrational (to the upside) I would be okay with selling for a very large short term profit with idea to (if still appropriate) buy back at my cost basis or lower. Example my IRBT 0.00%↑ trade 2020-2021. But time in the market is much easier than timing the market.

If you would like to ask me a question for the next Q&A, you can do so by:

• Twitter/Instagram/Commonstock DMs

• Chat via Substack (there is a thread for free subscribers now)

• Email me with your questions to from100kto1m@substack.com

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Books

I realized that my descriptions of the books that I read may not always give them full credit as when I read these books and when I write about them, I only share one or two things that really stand out to me. So I have decided to also include a quick short description from Goodreads (no affiliations) so that way you get my thoughts but also more generic description to get a better feel for the books and in so hopefully adding them to your “to-read-list”.

This time around I finished three audiobook:

Stocks for the Long Run: The Definitive Guide to Financial Market Returns & Long-Term Investment Strategies, Sixth Edition by Jeremy Siegel

YZ:

I don’t know about other five editions, but this the sixth edition of Jeremy Siegel’s book Stocks for the Long Run (I think) is a must ready for every beginner and maybe even pro. As the title says this books is biased towards stocks as the best vehicle for investing, but the author and the book goes through all of the other possible “strategies” and in so educates the readers about possible other ways of allocating capital even if majority of it would be in stocks.

Goodreads:

"One of the ten best investing books of all time."-- The Washington Post One of investing's most celebrated icons updates his classic work to reflect today's world and markets In this long-awaited and eagerly anticipated update, Jeremy Siegel provides his legendary perspective and guidance to an investment world turned upside down. Stocks for the Long Run combines a compelling and timely portrait of today's turbulent stock market with the strategies, tools, and techniques investors need to maintain their focus and achieve meaningful stock returns over time. This completely updated edition includes entirely new data, charts, and figures as it provides answers on the five major issues concerning investors and professionals.

I give it 4.5 out of 5 stars.

Anything You Want: 40 Lessons for a New Kind of Entrepreneur by Derek Sivers

YZ:

I can’t say I loved this book especially after (in the beginning) author says that this book is written/dedicated to Seth Godin, with that said it was refreshing listening to something a bit different and something that I do not fully agree with or feel like its fully applicable to most of people. If anything else it was easy to follow and listen to Derek Siver’s journey with his CD Baby company.

Goodreads:

Best known for creating CD Baby, the most popular music site for independent artists, founder Derek Sivers chronicles his “accidental” success and failures into this concise and inspiring book on how to create a multi-million dollar company by following your passion. In Anything You Want, Sivers details his journey and the lessons learned along the way of creating CD Baby and building a business close to his heart. “[Sivers is] one of the last music-business folk heroes,” says Esquire magazine. His less-scripted approach to business is refreshing and will educate readers to feel empowered to follow their own dreams. Aspiring entrepreneurs and others trying to make their own way will be particularly comforted by Sivers straight talk and transparency -a reminder that anything you want is within your reach.

I give it 2.9 out of 5 stars.

The Courage to Be Disliked: The Japanese Phenomenon That Shows You How to Change Your Life and Achieve Real Happiness by Ichiro Kishimi and Fumitake Koga

YZ:

The book that got me (personally) starting thinking was The Power of Now and The Courage to be Disliked had similar vibes (to me). I think the idea of living in the present and in the “now” is very powerful and there are many roads that can lead us to that enlightenment. The Power of Now is one, The Courage to be Disliked is another, books about stoicism etc etc and there are many many other books like and yet they are all different… the point is for the book (books) to “hook you” on to the idea and for you to realize there is more to life then fancy cars, cloths, or whatever else you would like to pick as your poison that feeds the ego.

The point is to be present in the now and not let Ego control you.

Goodreads:

The Japanese phenomenon that teaches us the simple yet profound lessons required to liberate our real selves and find lasting happiness.

The Courage to Be Disliked shows you how to unlock the power within yourself to become your best and truest self, change your future and find lasting happiness. Using the theories of Alfred Adler, one of the three giants of 19th-century psychology alongside Freud and Jung, the authors explain how we are all free to determine our own future free of the shackles of past experiences, doubts and the expectations of others. It’s a philosophy that’s profoundly liberating, allowing us to develop the courage to change, and to ignore the limitations that we and those around us can place on ourselves.

I give it 4.5 out of 5 stars.

Don’t forget to ❤️ this post. It helps a lot!

IAC 0.00%↑ SFM 0.00%↑ LKQ 0.00%↑ SPOT 0.00%↑ VMD 0.00%↑ OZK 0.00%↑ BSM 0.00%↑ WBD 0.00%↑ PYPL 0.00%↑ TCS 0.00%↑ MITK 0.00%↑ OMAB 0.00%↑ OPFI 0.00%↑ FGFPP 0.00%↑ UG 0.00%↑ C 0.00%↑ VEA 0.00%↑ VTI 0.00%↑ OPBK 0.00%↑ URI 0.00%↑ MKL 0.00%↑ LH 0.00%↑ RICK 0.00%↑ DJCO 0.00%↑ BAM 0.00%↑ DLTR 0.00%↑ GDOT 0.00%↑ ONFO 0.00%↑ BOC 0.00%↑ PBR 0.00%↑ DBX 0.00%↑ ONON 0.00%↑ ASO 0.00%↑ RBLX 0.00%↑ SGA 0.00%↑ IDT 0.00%↑ BUR 0.00%↑ CDLX 0.00%↑ MASI 0.00%↑ BABA 0.00%↑ CVS 0.00%↑ PAR 0.00%↑ KRE 0.00%↑ UHAL 0.00%↑ NNI 0.00%↑ FLWS 0.00%↑ SSSS 0.00%↑ CPRT 0.00%↑ LWAY 0.00%↑ DEO 0.00%↑ IBKR 0.00%↑ IBA 0.00%↑ EDR 0.00%↑ FTRE 0.00%↑ WWE 0.00%↑

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