PORTFOLIO UPDATE - 5 TOP STOCK PICKS IN JUNE!
A bit later than usual, but here's my end of the month update listing all of the changes that I made to the portfolio heading into June! I like to start by highlighting the best performers in our stock portfolio for the previous month... This will be quicker than usual!
🚀 Lemonade (LMND) +15%
🚀 Plug Power (PLUG)+15%
🚀 Tilray (TLRY) 15%
🚀 Aurora Cannabis (ACB) 12%
🚀 Boeing (BA) 11%
Other than the 11% rise in Boeing, these stocks were merely paring some of the losses incurred during the sector rotation from growth to value earlier in the year! This huge sell-off in growth stocks is a reminder that valuations can only stretch so far before they snap. Fortunately this is common and is only dangerous to those who were over leveraged, under diversified or hooked on speculative stocks!
By having a long-term strategy, we keep our eyes on the prize and ignore "flavour of the month" stocks that act like sirens and lure many traders to their financial doom! Although we avoid FOMO, we are aggressive with our portfolio and own some high-growth stocks that are more likely to swing wildly! Therefore, we will continue to have the odd rollercoaster month however, we're focused on building up our wealth over time and we're investing money that we don't need for a number of years and this gives us the luxury of being able to weather any storms that pass over the market!
Whilst over-leveraged investors crash out, the under-researched investors panic sell & the over-cautious investors flock to safety, we will continue to build and stick with our 20-30 stock portfolio built on fundamentals, growth potential & calculated risks! We will use this time to scoop up more shares of high quality growth stocks that will undoubtedly come roaring back into favour soon and help us massively outperform the market over the next 12-18 months!
Unity (U) - After a blistering IPO that took Unity stock from $75 up to $175, the stock has pretty much returned back to base. Unity has taken a beating as part of the high growth tech sell-off but I think this represents an excellent investment opportunity that could… Wait for it… 10X! The stock is now my largest investment and here's why UNITY STOCK COULD POTENTIALLY 10X!
Doyu (DOYU) - Reminds of JD.com when the ecommerce stock fell 70% in 2018 after a string of allegations about their management, platform & competition! Jd.com went on to 5X in under 12 months and although Doyu stock is risky, it has huge potential! HERE'S WHY DOYU IS A TOP ESPORTS STOCK TO BUY NOW!
Nintendo (NTDOY) - Nintendo is undervalued vs other gaming stocks on a price to sales (PS) & price to earnings (PE) ratio! This is because Nintendo is still thought of as more reliant on hardware than publishers like EA, Take Two & Activision. However, I think we will soon see a rerating of Nintendo's stock as the business follows the likes of Apple in being seen as much more than just a hardware company! Not only does Nintendo have the ability to release hit consoles, but they have the best intellectual property (IP) & franchises in the gaming market which we could soon see aggressively monetised through tv shows, movies, theme parks & esports!
Tencent Music (TME) - The stock is undervalued right now after the collapse of big investor Archegos Capital. To save me repeating myself, you can check out the 5 reasons why I think TME is the Spotify of China on my YOUTUBE CHANNEL!
REDUCED POSITIONS N/A
CLOSED POSITIONS N/A
As I mentioned above, this is not the time to be panic selling. Most of the stocks in my portfolio are trading some way off their all time highs based on broader market weakness. None of these stocks have any less potential than they had 6 months ago and therefore I will not be handing my shares over to somebody else at these prices!
If house prices dropped 20% over the next 6 months... would you be rushing to sell your house? No, your home is not something that you trade and you'd probably only sell if you got a very good price! Stocks should also be treated like long term investments because data shows that despite thousands of occasions where stock prices drop, shares of good companies will move higher long-term!
During the most recent correction, I have put all of the cash that I had on the side-lines into the market! I have researched each & every stock in my portfolio and I am confident that they all represent excellent calculated risks and I have loaded up on shares within some of my 𝗛𝗜𝗚𝗛𝗘𝗦𝗧 𝗖𝗢𝗡𝗩𝗜𝗖𝗧𝗜𝗢𝗡 𝗦𝗧𝗢𝗖𝗞𝗦!
As soon as investors rush out of value stocks and back into the fast growing tech stocks of the future, our shares will quickly outperform the market as they have done every time we've had a correction like this in the past!
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𝗗𝗜𝗦𝗖𝗟𝗔𝗜𝗠𝗘𝗥: All trading involves risk. Only invest money that you can afford to lose and remember that past performance doesn’t necessarily guarantee future results. Everything posted by me is for educational purposes only. I am not a financial advisor and no information in these videos or on my website should be considered as financial advice.