Here is a quick update of my Robinhood stock market portfolio, as of now I am up almost 26 percent since November 2017, the key to achieving these gains is a combination of buy and hold stocks plus a bullish market, it is a small portfolio and it is only a small part of my overall assets however I do plan on growing this to over 100k.
Here is a list of my current stock positions:
Aurora Cannabis (Down almost 60%)
As you can see, my portfolio is currently a bit over diversified however note that some of these stocks are setups for swing trades, for example with $ACB I have bee averaging down and once I hit a good return I will sell these shares, I also have some Crypto positions that I will be sharing on another post, so far I am really happy with the portfolio performance and dividend payments are coming in every months specially since I do hold a few REITS.
As you may be aware, this month there has been a lot of volatility in the stock market, if you take a look at the $SPY Chart you will see that it has been down for the last month, this is due to trade war tensions and the public being afraid that an economic recession might start soon, this brings a lot of opportunity to the stock market and with volatility there is always the opportunity to profit from these swings.
This month, I have been really active in my Robinhood Account (get a free stock), for the most part I am a long term dividend investor however I have seen a lot of blood on the street as Warren Buffett would say and this opportunity to profit has incentive me swing trade some of my positions to move my capital to stocks that I believe will appreciate even higher once the market stops being fearful.
So with that in mind, here are some of the transactions made in my portfolio, I consider Cash a position as well and I always have that ready to be deployed, however seeing so much opportunity has made me sell some of my positions for a profit and move those capital gains into other stocks that will have an upside in the future, I personally rarely sell any stock at a loss, I rather average down and continue to invest until I am able to obtain a return.
Now onto my latest Robinhood transactions:
Sold most of my Bitcoin position for a 100% return
Sold most of my Bitcoin Cash position for a 80% return
Sold my Litecoin position for a 30%
Sold my entire $V (Visa) position for a 20% return
The main reason for selling these shares is because I know there will be a higher opportunity to profit once the market recovers, sure these other stocks and cryptocurrencies could move up higher however I see a higher opportunity to cash out and re-invest the profits on the stocks that got hit due to trade wars between China and the US.
What stocks am I buying in August 2019?
Aurora Cannabis (highly discounted, trading around $5 dollars per share)
Ford – Dividend paying stock
As you can see, these might not be the most exciting companies however they provide a high upside potential and the money is made when there are big discounts on the market, my only stock that does not pay a dividend is Aurora Cannabis however this is a high volatility stock and I will profit once sentiment turns bullish.
What stocks are you buying right now, share your picks below or email me.