What I’m Trading – Krish
Starting at just 18yo, this student by day and sparky by night is on his way to an early retirement. Having seen demand for EV chargers at work skyrocket, this Kiwi investor bought into the EV boom.
Occupation: Student, Bachelor of Engineering
Hobbies/Interesting Fact About You: Student by day, Electrician by night
Stake portfolio size: $7,000 USD
What was your first investment on Stake?
Tesla (TSLA) and Nio (NIO). I am enjoying working in the same sector as an electrician. We have had incredible demand for EV chargers installation. It was a no-brainer starting my portfolio off with the biggest EV companies out there.
In one sentence, define your investing style.
Go big or go home.
Why are you in the market?
I want to reach a point where I can retire early. I subscribe to the FIRE movement (Financial Independence, Retire Early). Everyone wants to be financially free and retire early, so the sooner I start, the sooner the day will come in my opinion.
What’s in your Stake portfolio right now?
Apple (AAPL), GoPro (GPRO), Nio (NIO), NanoDimension (NNDM), Tesla (TSLA), Rocketlab (RKLB), Vanguard S&P500 (VOO).
How are your returns so far?
My high growth stocks like Tesla and Nio are currently down 5-6% each, my lower risk stocks like AAPL and VOO (S&P500) are currently up 7-8%, also my free stocks which I got when I joined Stake are up 8% as well which is awesome. I only started investing recently having just turned 18 so I have decades to build and grow a portfolio.
What are you watching? Why?
I’m still watching Nio, Tesla & Rocket Lab. Essentially the EV and Space sectors, as I feel like they will play a role in creating a brighter future and change the world as we know it. By 2030 China, USA, and NZ are projected to only import EV vehicles, while Rocket Lab is planning to launch rockets more frequently which is a catalyst for the stock price.
What’s a piece of advice you’d give a newbie?
Don’t buy anything without doing your DD (due diligence). As the saying goes.
Don’t invest in companies you don’t trust & don’t believe because if they dip, you won’t make the conviction to make the most of the dip buying opportunity; that’s where gains can be made in the long run.
What’s one mistake you’ve made and what did you learn from it?
Buying “meme” stocks. Don’t buy the hype nor listen to other people. Do your own research and evaluate whether the company is undervalued or overvalued. After all, your capital is at risk so you must choose wisely and cautiously.
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.