July 2024 Portfolio Update
July 2024 Portfolio Update
Free Topics: Quote, Portfolio, Long Shot ,Books... Paid Topics: Taxable Port (new stock) + Discussion/Commentary, IRA Port & IBKR Port (new stock), Investing Idea of the Month and Stocks To Look At...
Quote for this month:
“The real key to making money in stocks is not to get scared out of them.” - Peter Lynch
*Portfolio*
*I am NOT a financial advisor. I’m sharing my investing journey. Not investment advice. Do your own research.*
Portfolio (Basic):
Holding since:
SFM 0.00%↑ - 3/21 | IAC 0.00%↑ - 8/21 | SPOT 0.00%↑ - 11/21 | $NTDOY - 12/22 | PYPL 0.00%↑ - 1/23 | BSM 0.00%↑ - 5/23 | LKQ 0.00%↑ - 3/20 | BUR 0.00%↑ - 9/23 | $EVVTY - 9/22 | OPFI 0.00%↑ - 5/21 | WBD 0.00%↑ - 4/22 | VMD 0.00%↑ - 5/21 | MITK 0.00%↑ - 1/22 | OZK 0.00%↑ - 3/20 | ??? - 1/24 | TCS 0.00%↑ - 1/23 | UG 0.00%↑ - 11/23 | ??? - 4/24 | FGFPP 0.00%↑ - 6/24
Long Shot… very long shot…
I don’t know how to really put it so I will just put it out and see where (how) it goes…
There is a potential opportunity that I might be taking on (I’m still doing bunch of due diligence) but long story short its an opportunity that is in my line of work that has potential to have great future returns (but there is of course risk involved) and there is a possibility that I might have to sell some of my (maybe half or more) portfolio to make the opportunity work.
If I decide to go with it, I’ll be looking to raise around $150,000 to $450,000 by next month or so. As I said technically I can make it happen myself but I would really rather NOT sell my portfolio as I have been enjoying this project and the tracking of portfolio for my unofficial track record + de-risk a bit with others capital + build relations … there are just too many moving parts and in general I would rather not discuss too much publicly.
If you are in New York tri-state area and you are interested to speak more about this, send me a DM or reach out to me at from100kto1m at gmail dot com and potentially I’m looking for co-investors that are willing invest at least $50,000 or more…
I can come out to you for a day or so to discuss details (that’s why I mentioned tri-state), assuming we come to some interests via DM/email.
I have been doing this Substack / blog for a while now, so I feel like I can take this long shot via my update here.
Again this is a long shot and this is not a quick buck making thing, this is real business opportunity with potential for a long term success and for you most likely passive at that (since I and other three founders would be handling most things)…
If you are not sure what this segment means/says please do not DM/email me or before contacting me, consult with your legal adviser/lawyer/CFP/or who ever handles your financial matters.
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 one audiobook and one physical book:
Genghis Khan and the Quest for God: How the World's Greatest Conqueror Gave Us Religious Freedom by Jack Weatherford
YZ:
I wanted to start this sentence with “there are many people who hate strong opinions for and against Genghis Khan” but I have a feeling that last couple of generations might not even know who Genghis Khan was (readers of this Substack might know but I’m talking about in general in the world I feel like history of the past is becoming less and less important) … I hope I’m wrong on that assumption…
You can think what ever you want regarding Genghis Khan, but you must admit the fact that given the hand he was dealt from the day he was born to the day he died, he did pretty well for himself and his people in general.
Before reading listening to the audiobook, I had more of a negative opinion on Genghis Khan, after finishing the audiobook I was very impressed by his determination, his general acceptance of “people” (more specifically religious and gender acceptance / neutrality) and his belief in doing the right thing (I’m not saying that everything he did was “right” but listening to the book gave me a feeling of GK having a strong personal inner “right” compass with which I had quiet a bit of agreement on, I also understand that things where a lot different back then and yet not so much). Genghis Khan tried
This book is worth reading/listening to, to get a (new) different perspective on GK and at the same time also get (new) different perspective on other major players of that time both religious and geological locations.
I have options on Genghis Khan, religion of that time (and even now), and on general things of what is right and wrong that I will not be discussing here but which I’m more happy to discuss with others if they are interested…
Overall great book and worth it, in my option.
Goodreads:
Thru history the world’s great conquerors have made their mark not just on the battlefield, but also in the societies they've transformed. Genghis Khan conquered by arms & bravery. He ruled by commerce & religion. He transformed the silk road into the world’s most effective trading network, established new laws & drastically lowered merchant taxes. But he knew that if his empire was going to last, he'd need something stronger & more binding than trade. He needed religion. Unlike the Christian, Taoist & Muslim conquerors who'd come before, he gave his subjects freedom of religion using an argument that would directly influence Th Jefferson. But before that, he looted their shrines, killed their priests. Genghis lived in the 13th century, but he struggled with many of the same problems faced today: How may one balance religious freedom with the need to restrain fanatics? Can one compel rival religions—driven by deep-seated hatred—to live together peacefully?
A celebrated anthropologist whose bestselling Genghis Khan & the Making of the Modern World radically transformed our understanding of the Mongols & their legacy, Weatherford has spent 18 years exploring areas of Mongolia closed until the USSR's fall & researching The Secret History of the Mongols, an astonishing document written in code that was only recently discovered. He pored thru archives & found groundbreaking evidence of Genghis’ influence on the founding fathers. Now, with this masterpiece of historical erudition & religious insight, he's written his most resonant work.
I give it 4.5 out of 5 stars.
On a Roll: Or How a Kid from the Bronx Started with Hot Dogs and WoundUp Making a Fortune by Howard Jonas
YZ:
On a Roll was published in 1998 so there would be no way of me getting my hands on this book at that time and invest any money into IDT stock at that time, yet I’m sure there were many people who had a chance to give this book and (Howard Jonas) a chance and yet they did not… for those who did … those did well …
On a Roll was a great read on Howard Jonas (and IDT) struggles and also his (and IDTs) triumphs from day zero to the day that IDT went public (and how hard and ridiculous the process of IPO can be) and many other stories from HJ’s personal life.
HJ keeps things in simple language and shows how real life is so messy and luck or even better serendipity (plus hard work) can play big role in everyone’s success (there plenty of failures too).
Doing your best, doing whats best, and never giving up is a recipe for success…
Goodreads:
The author traces his odyssey from behind a hot-dog stand to the top of a million-dollar international communications company, explaining how he used his talent for innovation to beat AT&T and other giants at their own game.
I give it 4.5 out of 5 stars.
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