Portfolio: End-Aug 2020

$ROKU, $FSLY, $SE, $CRWD, $BABA, $OKTA, $DDOG, $NET

Returns (YTD): 26%
Returns (Aug): 6% (Jul being 0%)

(1/N)

This is my first portfolio update since I started investing. This thread is well served for me to reflect on the month and my actions.

Sold/Trimmed: $LVGO, $TEAM, $FSLY, $NET
Bought/added: $DDOG, $FSLY, $OKTA

(2/N)

I had a slightly panicky month, as I let emotions creep into my decision making. The price drop from ~$150 for $LVGO as well as other people selling the stock made me do the same.

In hindsight, that was a terrible decision; telemedicine is a big trend going forward.

(3/N)

I also got shaken out slightly on $FSLY, which explained why I trimmed and bought it again. Reading the articles and podcasts on edge networks gave me conviction to add more into $FSLY. It is now my top holding on a cost basis.

(4/N)

I have also started a position in $DDOG as I want to diversify my stock portfolio. Hand to heart I can't elaborate 100% of their operations to you, but I guess that means more homework for me.

(5/N)

Going forward, I am looking to restart a position in $LVGO in September.

I have just started my working career, and my income is enough for max 2 stock purchases a month, which is an opportunity cost in a trending market.

(6/N)

Be that as it may, I still refuse to be fully invested. In addition to $LVGO, I will try my best to have cash as a position.

In times of unexpected movements, this can serve well as a tail risk hedge. Furthermore, it provides 'optionality'.

(7/N)

Again, this portfolio should be for the absolute long run, and I have no complaints to buying higher. What remains is for me to keep grinding and to do my research.

(8/N)

One thing I started this month was note-taking. I find it really helps ingratiate my thinking and makes me reflect on the decisions that I make.

It is easy to find good stocks, as most of twitter did with $ZM. The Mil$ question is the 'how'?

(9/N)

To anyone who sees this, thank you for following me, and while I am no one of importance, I will try to be involved in the community of Investing Twitter, and hope to meet new people here.

(10/N)

Last but not least, I want to give special thanks to the advisors of @7investing whose advisor podcasts have really improved my decision making wrt investing.

Thanks! @7AustinL @7Innovator @7investingSteve @Matt_Cochrane7 and @7MaxxChatsko

Highly recommended service.

End.