I wanted to give an update, as it’s been a while since my last post. I have been using M1, Public, SoFi, Fundrise, Coinbase, and Webull for a long time now, almost a full year for each of these applications.
Although it may feel like a lot of upkeep, I find it fun to keep different portfolios and different strategies on separate platforms. It’s been a lot of fun, testing out different ways of thinking, especially the more I read and explore the market.
There has been a lot of rocky days, up and down, chaotic movement in the market lately. Inflation, interest rates rising, and general fear, are big factors for these movements, but the training and reading I have accomplished during 2021 and so far into 2022, I have had confidence to keep buying instead of fear selling.
My wife encouraged me to read the most daunting that was on my list to start 2022 off. I read, The Intelligent Investor, by Benjamin Graham. It is a lengthy book, but it smacks you in the face with irrefutable evidence of how to play a better game with the market.
I’ll be the first to admit how impressed I am with myself that I have read so many books lately, it definitely shows how interested and excited I am about this topic in general. I love to talk about the market, what it’s doing, what’s new, what companies are doing to increase their worth and price. It’s all very exciting, but it can burn you out as well.
All that information, numbers, and input from so many different opinions can send your brain into tailspin, but remember to take it all with a grain of salt, and do your own due diligence. Read more, learn more, and figure out the best strategies for your overall taste in risk.
With all of the information I have absorbed lately, through reading and general inquiries into words and services I may not understand, I have become to brush off what seems to be fear posts, ignore the negative “The market is going to crash” and really just take it day by day. It’s not a sprint, it’s long distance relay, if you are lucky to create generational wealth to pass along.
I would like to take more time to update this site more often, give my thoughts and fears on what’s going on in the market. I think I have finally started to get my portfolios shaped to match the market, next will be to attempt to get higher returns, imploring the margin of safety to many new purchases.
I have a set of rules that I now follow when investing into my specific portfolios. I go through the numbers, the profile, the moat, the product, I investigate a lot more than I did previously, and the more I am reading and looking into these companies, the more I am understanding the numbers.
It’s very exciting and feels like a whole new career path that I have been loving for over a full year now. I started with Webull in February when I saw the redistribution of wealth with the GME and AMC stock crazy and Meme stocks with WallStreeBets on Reddit. I think it’s amazing, given the right amount of interest and willingness to do something different or more risky than your average person, could be what sets you a part financially from your average person.
I am always looking for fun conversations regarding companies, strategies, valuations, trading, investing, ETFs. REITs, and everything else! Please feel free to comment or send me a message.
Thank you for your time!
Thrifty Investing 