On June 9th, as the stock market came within 5% of its previous record high, my portfolio reached a new all-time high. That day, my portfolio nudged just above its prior record high made on February 19. Credit for this outperformance (since the … [Read More...] about Breaking out to a new high
I have written about my dry powder investing several times before. I am not going to rehash all that stuff here. [You can check out all my previous Dry Powder related posts here.] Instead, in this post I will just focus on performance of my hedged … [Read More...] about Risk-return analysis of my hedged stock positions
This stock market crash is looking more like a short-but-deep correction than a conventional bear market. Since its March 23rd trough, the market has been relentlessly going uphill. As of today, the S&P 500 is just about 12% off from its prior … [Read More...] about Are we in a short correction?
About a year ago, I had opened a hedged Apple (AAPL) position. The goal was to invest cash in an asset where I could benefit from the upside but also limit my downside risk. The cash I had invested was my dry powder cash—the kind of cash that I would … [Read More...] about I closed my Apple bet
In my last post, I wrote that I have been buying stocks. Well, since then I continued buying stocks as the market dropped even further. At the time, I reported I had invested 60% of my dry powder cash. Today, I am 70% deployed. As the stock market … [Read More...] about Seeking wisdom in trying times
Two weeks ago, I wrote that I have bought (or sold) very little in my stock portfolio in past twelve months. But that changed rather quickly in last two weeks. The stock market had been worried about the COVID-19 pandemic for a few weeks. But then on … [Read More...] about Be greedy
According to a recent WSJ article, eighty-three U.S. public companies have either canceled or suspended dividend payments so far this year. And another 142 companies have reduced their dividends. The journal went on to predict about 10% decrease in … [Read More...] about How are my dividends holding up?
I break down my stock holdings into three distinct buckets: long-only stocks, long-only stock index funds, and long-short stocks and options (for income primarily). From these, my long stock holdings are by far the largest bucket as you can see in … [Read More...] about My portfolio is getting top-heavy
It has been two years since we took a deep dive into my investment portfolio. A few things have changed over the last two years—even though my portfolio’s overall allocation is more or less the same. I have discussed bits and pieces of these changes … [Read More...] about Portfolio update 2019
I just finished reading Chris Mayer’s book, The 100-Baggers. It’s a book about public companies whose shares have returned 100 times or more for those who held on. How long to hold on? In most cases, it took twenty years or longer. The book is … [Read More...] about A coffee can approach to investing
Things have settled down a bit in the stock market. Since that nasty crash in March, stocks have mostly been on an upward trend. So, has the stock market already bottomed out? Or would there be another leg down from here? I can’t say. I admit it … [Read More...] about When’s the market bottoming?
Today, Investors have become more enthusiastic about buying stocks. Although I don’t see euphoria about stock ownerships yet, but stock investing has become trendier. This is just my observation, entirely based on anecdotal evidence. Perhaps it’s a … [Read More...] about Why are you buying stocks today?
Barron’s magazine had its annual roundtable issue last week. This is where it gathers several high-profile investors and money managers around a table to discuss new year’s prospects for the economy and the stock market. There was much … [Read More...] about Another weekend of worry
Happy new year! I thought I would start this new year’s first post with something provocative. My investing motto has been to ‘buy right, sell never’. Buying right is of course neither controversial nor provocative. It’s just common sense. Selling … [Read More...] about Buy right, sell never!
Today’s post is about a business I own since 2015 but I hadn’t bought any new shares in last three years. It’s a business that I am very familiar with. I am not only a shareholder but also a long-time customer. I use its tools and services … [Read More...] about I like Interactive Brokers
Warren Buffett once famously said that his number one rule in investing is to never lose money. And yet, as I had pointed out in a previous blog post, his own company Berkshire Hathaway’s shares had dropped by 50% more than once. How would he … [Read More...] about I avoid losing money
About seven months ago, I wrote a blog post on an Apple protective-collar position I invested in. It was a defined-outcome type investment where I only took limited risk (less risk than holding long Apple shares). I called it my Apple bet. It was a … [Read More...] about Update on my Apple bet
I wish all investors get at least one bear market in their investing journeys. A lot of people would consider this a curse—but it really is a blessing in disguise. I will explain why. Today, financial media is focused on when this bull market will … [Read More...] about Bear market: a curse or a blessing?
Over the last few months, I have written multiple times about real assets. So I won’t belabor the benefits and opportunities in real-estate (and other hard assets) investing here. To wrap up the series of posts on this topic, I’d like to roll up all … [Read More...] about A quick look at my real assets portfolio
In a blog post last month, I wrote about my investments in real assets (see An opportunity to invest in real assets). Real assets are physical assets like real estate (homes, office buildings), infrastructure (bridges, pipelines), and commodities … [Read More...] about My unfinished business with Kinder Morgan
I prefer investing in established well-run businesses that have defensible business models. Even though some of them are technology companies, I invest in them not because they are considered tech but because they have dug some level of economic moat … [Read More...] about Investing in startups through SoftBank
At the Markel’s shareholder meeting in Omaha in June, someone from the audience posed this question to the company management: “I met a very large international money manager last night for dinner and he warned me that now is not the time to invest … [Read More...] about Gratuitous advice with no accountability