Tom, a teacher from Adelaide and Stake Black member for over two years, has learnt to not get swept up in the euphoria of it all. Check out what he's watching and how his portfolio has been tracking.
Hobbies: Mountain biking, racing Enduro, exploring new technologies, researching stocks.
What was your first investment on Stake?
Sea Limited ($SE) I think.
How long have you been a Stake Black member?
In one sentence, define your investing style.
Growth tech, long-term investing using a DCA strategy. “Coffee can” style investing, in it for the long-term gains and constantly reminding myself to zoom out. The tortoise and the hare analogy would summarise my investing style well.
What’s in your Stake portfolio right now?
Palantir Technologies Inc ($PLTR), NVIDIA Corporation ($NVDA), Snowflake Inc ($SNOW) , UiPath Inc ($PATH), Crowdstrike Holdings Inc ($CRWD), Microsoft Corp ($MSFT), Trade Desk Inc ($TTD), Datadog Inc ($DDOG), Airbnb Inc ($ABNB), Tesla Inc ($TSLA) and DigitalOcean Holdings Inc ($DOCN)
How are your returns so far?
S*** house! 2020 was great, but the last two years have been a grind. However, using a consistent DCA style since then has allowed me to make the most of these lower prices as well. I can't only buy stocks on the way up.
Any other investments that are not on Stake?
BTC (Bitcoin), ETH (Ethereum), MATIC (Polygon), NFTs.
What are you watching? Why?
NVIDIA Corporation ($NVDA), Tesla Inc ($TSLA) , Palantir Technologies Inc ($PLTR), Crowdstrike Holdings Inc ($CRWD), Datadog Inc ($DDOG) – they are some of my core holdings and I would love more at great prices. So I am patiently waiting and ready to pounce.
Do you have a trading or investing role model?
Brian Feroldi, who is an author, investor and teacher. He helps demystify a lot and makes some great points around investing and just generally being smart with your money. I thankfully have a great network of friends that are also on this investing journey.
What’s a piece of advice you’d give a newbie?
Be in it for the long term, zoom out and look at monthly and quarterly results, try to focus more on the business than the stock price, focus on some transformative technological trends that will transform the globe 5, 10, 20 years from now. Pick-and-shovel plays. And, that no starting amount is too small.
What’s one mistake you’ve made and what did you learn from it?
Thinking that things would keep going up in 2020-2021 and getting too caught up in the euphoria of it all. So in the future if things are looking too good, take some money off the table and put it aside for when future buying opportunities present.
If you were to buy a U.S. or ASX stock or ETF right now, what would you buy? Why?
ARK Innovation ETF ($ARKK), I still feel this all plays out over the next 5-10 years, and iShares MSCI India ETF ($INDA).
The personal views in this article do not reflect the views of Stake and do not constitute financial advice.