It seems like an eternity ago that Amazon (AMZN) was above $2,000 a share and was the second US publicly traded company to hit a $1 trillion market cap. In reality, it was a mere two months ago. Since then, the market has taken a tumble, with Amazon falling particularly hard, losing about a quarter of its value to sit at around $1,600 a share.
Disney (DIS) reported their third quarter earnings on November 8th and they were pretty good, especially for a company the size of Disney. One of the reasons I like the company as an investment is how impressively diversified they are in how they make money (TV shows, movies, amusement parks, toys) and how they seem to excel in all the different things they do.
Shopify is one of only two Enterprise level positions in the Freedom Portfolio, but many people might not recognize the name. So what does Shopify do? Put simply, they make it easier for small companies to set up an e-commerce solution and sell things online. They have products to assist setting up online stores and to deal with fulfilling orders.
There were a lot of surprises in Tesla’s (TSLA) third quarter earnings report, which is the last one with Elon Musk as chairman for at least three years, although he will still remain on as CEO.
When the market seems to be dropping precipitously every other day, it can sometimes be hard to keep perspective. By my rough calculations, the Freedom Portfolio is down around 15% in this month alone, so I can certainly sympathize with the pain some people are feeling.
After missing their subscriber estimates in the second quarter, Netflix (NFLX) rebounded in a big way with their third quarter earnings this week. Here are my key takeaways:
During the tumultuous dew days for the market last week, I wrote a very short piece where I said, “I’m not selling a single share today and have no intention of selling any shares anytime soon”. First, I have a confession. In my haste to get something timely out that day and my desire to use the strongest possible language to convey how strongly that I felt that people shouldn’t be selling their positions in a panic during the two day market drop, I used some imprecise language.
I almost didn’t write this because as I’ve mentioned before, I’m very much focused on long term returns only and simply by mentioning the Freedom Portfolio’s returns after one week it draws attention to it. In many ways, that’s the last thing I want to do. I personally think that the movement of a stock over the course of weeks or months is largely irrelevant and instead am focused on what the returns will be one, two or ideally three plus years down the line.
The Problem It’s hard to remember which came first. Was it when the upstairs became unbearably hot one summer day to the point where the family slept in the basement at night? Or was it being woken by the sound of water dripping from the ceiling onto a stack of papers in our bedroom? Regardless, both events kicked off journeys that traveled a winding path that ultimately led to my…
Welcome to the first ever installment of the Freedom Portfolio! As a reminder, the Freedom Portfolio represents my attempt to beat the market (represented by the S&P 500 index) by buying and selling shares of individual companies. The portfolio represents the vast majority of individual publicly traded companies that I am invested in. I’ve been managing this portfolio since 2003.