What I'm Trading - Jack
A 20 year old mechatronics engineering student, Jack has seen early success in the markets. Investing in companies solving the biggest problems has proved fruitful for the young green thumb.
Industry: Mechatronics Engineering
Location: Melbourne, Australia
Hobbies/Interesting Fact About You: Gardening and permaculture. Hopefully, I can weave that into my career somehow.
Stake portfolio size: US$50,000
What was your first investment on Stake?
My first purchase was Tesla (TSLA).
In one sentence, define your investing style.
Finding companies are trying to solve real global problems (climate change, world hunger, financial freedom, etc).
Why are you in the market?
I want to achieve financial freedom.
What’s in your Stake portfolio right now?
Tesla (TSLA), ARK Genomic ETF (ARKG), Zip (Z1P.ASX), Block (SQ2.ASX).
How are your returns so far?
I am up 300% on my Stake US portfolio, 250% on my Aussie stocks and about 80% on crypto.
Any other investments that are not on Stake?
My crypto portfolio includes Bitcoin, Ethereum and Cardano.
What are you watching? Why?
I’m watching Beyond Meat and Impossible Foods. As someone who has tasted both of these, I would be happy never having beef again and switching entirely to this. They have the taste, texture and smell down, all that is left is the price. Through economies of scale, I think once mass production is well and truly underway, they will undercut the price of traditional beef and there will be a S-Curve adoption rate similar to that of EV’s.
Do you have a trading or investing role model?
I don’t have one yet.
What’s a piece of advice you’d give a newbie?
Do your own research, particularly look for disruption, companies that are working on solving problems, not finding things to sell.
Don’t look at the stock, look at the company.
What’s one mistake you’ve made and what did you learn from it?
Being impatient and selling too early, I bought and sold Afterpay multiple times on its way from the drop to $9 last year to the $150 peak. I finally stopped at $48 and that’s still my average buy price.
The patience that I have learned has helped multiple times over when prices drop, I now only think in years not in months or weeks, when it comes to investing.
If you were to buy a US stock or ETF right now, what would you buy? Why?
If Tesla wasn’t already the majority of my portfolio I’d buy that, although right now I would buy Zip.
They are expanding rapidly and gaining new customers at stupendous rates, with many positive reviews. Also, I know lots of people using BNPL services, instead of credit cards. I think my generation especially is just going to skip using credit cards almost entirely, to replace that they will use BNPL services like Zip and Afterpay.
ICYMI: make your own decisions
This is not investment advice, just my opinion. It doesn’t reflect any opinions of Stake. I’m as fresh to this as the next person off the street. Do your own research and make your own decisions.