What I'm Trading - Andre
Working in hospitality while studying, Perth local Andre has built a strong portfolio by trading the 4th Industrial revolution. Read more to see why names like Nio, Coinbase and Blink Charging have earned a place in his holdings.
Occupation: Casual Waiter at Crown Resorts/Studying Bachelor of Commerce
Location: Perth, Western Australia
Hobbies/Interesting Fact About You: I ate a crayon when I was a baby
Stake portfolio size: $25,000 USD
What was your first investment on Stake?
$10,000 in Chinese EV maker Nio was my first investment on the platform.
In one sentence, define your investing style.
I pride myself on being a risk-taker; an investor who has put money earned during high school into stocks. My early twenties is where risks need to be taken in order to become financially free. I am young enough to recover from losses. All the stocks in my portfolio are in a growing industry where they will positively impact society, and I do have faith in all my stocks.
Why are you in the market?
To experience what it’s like to be some sort of an investor, and not rely on one source of income. To become financially free by the time I’m 30 and can rely on my dividends to have a lavish yet humble lifestyle.
What’s in your Stake portfolio right now?
Blink Charging (BLNK), Coinbase (COIN), Next Era Energy (NEE), Nio (NIO), QuantumScape (QS), Sundial Growers (SNDL), Tesla (TSLA), Tattooed Chef (TTCF), Upland Software (UPLD). I am very bullish on all these stocks as they all have value for society in the future.
How are your returns so far?
My returns have been significant with Next Era Energy and Tesla increasing by roughly 250%. I bought NIO before the battery shortage which did take a dip for 4 months but has recently gained and turned around. I have been very blessed with my returns and will keep holding for a minimum of 10 years. I’ve only sold one stock which was Crocs (CROX) and that was up 200%.
Any other investments that are not on Stake?
I have $8k on cryptocurrency and some other US stocks with Safeemoon being my most successful. It’s up 15x. I’m still holding Safemoon but I sold my Dogecoin with a 10x return. I’m going to HODL crypto for a minimum of 5 years. Once Stake launches ASX stocks I am definitely going to enter the Australian market.
What are you watching? Why?
I am watching BioDelivery Sciences International (BDSI) which is a pharmaceutical company that uses advanced technology to manufacture treatment for chronic illnesses using innovative processes, with the aim to improve health and wellbeing.
What’s a piece of advice you’d give a newbie?
“Just do it”. Everyone intends to invest but they don’t actually take the leap to invest. As Gen Z becomes older, AI will no doubt replace many jobs and so investing adds as another source of income and security. At the very least, ETFs serve their purpose for the more risk-averse.
What’s one mistake you’ve made and what did you learn from it?
I learnt that you shouldn’t listen to one source of news such as the media or other people’s opinions. Don’t buy stocks just because everyone else is because this makes the company overvalued. Think of the dip as being an opportunity to buy a sale.
If you were to buy a US stock or ETF right now, what would you buy? Why?
I would buy Fisker (FSR) which is an electric vehicle company that I see as undervalued. There isn’t much news coverage on this stock and this is good as an opportunity to buy cheap is there. I would also buy Nvidia (NVDA) as AI and graphics cards is in great demand. We have seen the massive chip shortages recently.
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.