Hello Guys, It Has Been Awhile

[Singuy]

Hello guys. I think I have been mia for a few years. First and foremost, I would like to apologize for my fvrr pick. Believe it or not, as a long time holder I still have the stock and down 65k. AI completely destroyed this position and I don't think there's anyway for it to come back. However if anyone bought in on AMD when I posted about it, then you should have made up for the loss.

As for my total financial position..and like I said being a long time holder I still have my position in AMD. I have sold off 75% of my Tsla due to my long term calls being called away at 400 bucks. So as of today I have over 12M in stocks, bonds and retirement savings. Half the money is now in tax free muni bonds making tax free income monthly. Since my tsla position was exercised this year, I will be dumping my fvrr before year end to havest some tax loss but the tax bill will still be over 1M.

[bjl584]

Congrats on building such an impressive portfolio and welcome back
I believe the last post that I remember from you, your portfolio was around 5M

[james.hendrickson]

Singuy, would you be cool saying more about your smaller holdings or your positions where you have less capital?

[Singuy]

Sure

37k in TSM, original cost basis was 12k
280k in SHOP, original cost basis was 15k

74k in VTI
33k VIG
24k amazon
22k fvrr

320k in MU(new position but thinking about selling it) cost basis about 280k

I really don't buy a lot of stocks. Made most of my purchases between 2017-2019

[Singuy]

Congrats on building such an impressive portfolio and welcome back I believe the last post that I remember from you, your portfolio was around 5M

Yeah my portfolio is not for the faint of hearts. It went from 5M to 7M then down to 2.8M during the bear market and then to 10.5M during the AI boom(or bubble depends on who you ask).

[james.hendrickson]

Sure

37k in TSM, original cost basis was 12k
280k in SHOP, original cost basis was 15k

74k in VTI
33k VIG
24k amazon
22k fvrr

320k in MU(new position but thinking about selling it) cost basis about 280k

I really don't buy a lot of stocks. Made most of my purchases between 2017-2019

Singuy, why do you want to sell MU?

[Singuy]

I bought it because their rock solid earnings. However this is due to memory price gouging which we can't expect to last forever. I espect their earnings to do well for a few years but then a price collapse as memory supply start exceeding demand. There is a reason why their forward PE is like a 7 because everyone is aware of the risk. I typically like long term hold stocks and not riding the wave stocks.

[james.hendrickson]

Well, what I like is the fact that you're not heavy into software. That whole industry is going to take it hard on the chin because of AI.

[Randomsaver]

Welcome back!