June 2024 Portfolio Update
June 2024 Portfolio Update
Free Topics: Quote, Portfolio, Not Having The Urge..., Book...Paid Topics: Taxable Portfolio + Discussion/Commentary, IRA Portfolio, Interactive Brokers Portfolio, and Stocks To Look At...
Quote for this month:
While it might seem that anyone can be a value investor, the essential characteristics of this type of investor—patience, discipline, and risk aversion—may well be genetically determined. –Seth Klarman
*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
Not Having The Urge…
As some of you may or may not know, I really don’t care what others are doing with their investing or how they are investing. I stick to my own “things” be it a good month or a bad month. I silently cheer for those who do well and silently feel bad (virtual hug) for those who get burned and yet I do have the urge to put these words (on paper?) in this section and share them with you.
In life and investing I cant claim I know much, I can say there are certain principals that I have as foundation but everything else goes as it goes and that includes current environment in the stock market regarding AI, NVDA, and other things that are “hot” like politics or not so hot like wars.
It feels to me like things are getting a bit out of hand, but that feeling could also be due to me not keeping up with the markets for the most part for the past six month (while others are up double digits) and yet… I’m not planing to change anything. Definition of insanity is to keep doing the same thing over and over and expecting different results and yet when it comes to investing that just might be the trick to get better results … or maybe I’m becoming insane?
Jokes aside, I know that I don’t know and with that there are certain principals and fundamental things that I will be sticking to (until the end…with that said there are always new information comes in that molds and changes the thinking) and in some near future we will see if what I’m doing makes sense or not … this point is why I even decided to try to turn 100,000 into 1,000,000.
I do not believe the way I’m doing investing is “standard and normal” but I also know in my bones that is the right way of doing (for me) … I don’t have an urge to buy the next hot thing and I don’t have an urge to prove or show off, I do what I think is needed to be done and with time we will see if what I’m doing makes sense…
For better or worse … 2030 …
Book
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 :
The Intelligence Trap: Why Smart People Make Dumb Mistakes by David Robson
YZ:
Intelligence Trap shows (again) how being consciously open minded could be much better then being genius or “very smart” person. This books shows that sometimes being “smart” is actually a negative in the way “smart” people think and see certain things … Since I know I’m not that smart I will have to re listen this book in the near future to get a reminder of certain “concepts”, I still have not finished Thinking, Fast and Slow, I think I should start listening to it again.
Intelligence Trap is well worth reading (listening) to especially if you are investor or a smart person ;)
Goodreads:
Smart people are not only just as prone to making mistakes as everyone else, they may be even more susceptible to them. This is the "intelligence trap," the subject of David Robson’s fascinating and provocative book.
The Intelligence Trap explores cutting-edge ideas in our understanding of intelligence and expertise, including "strategic ignorance," "meta-forgetfulness," and "functional stupidity." Robson reveals the surprising ways that even the brightest minds and most talented organizations can go wrong—from some of Thomas Edison’s worst ideas to failures at NASA, Nokia, and the FBI. And he offers practical advice to avoid mistakes based on the timeless lessons of Benjamin Franklin, Richard Feynman, and Daniel Kahneman.
I give it 3.5 out of 5 stars.
Don’t forget to ❤️ this post. It helps a lot!
Sections below are for paid subscribers…