Equity Portfolio Update: The First Position I'm Opening
Which stock pick I like this week and my strategy for buying and selling.
With the beginning of a new year, we have a clean slate. Wonderful! Let’s see how fast we can lose 20% in an equity portfolio! Jokes. I promise. But with the arrival of 2023, we can officially begin trading in the new Heretic Speculator Equity Portfolio that I’ve been teasing for a few weeks. Reminder, this equity portfolio is now the main reason for going paid here at Heretic Speculator - “Trade Ideas” are gone. The portfolio is something that I hope will provide all paid members of this publication with actionable insights that will help justify the cost of going paid. This is what we look like right now:
Sorta boring… We have some work to do obviously as we have $1,000 just sitting in cash slowly dying from a purchasing power perspective. While it’s safe to say the overwhelming majority of the portfolio will still be in cash at the end of the week, there will hopefully be at least one position that will be opened between now and Friday - before we get to that stock, I want to be clear about my track record picking equities.
Maybe you follow this Substack because you like my more philosophical takes. Maybe you follow this Substack because you’re “crypto-interested” and want to learn more. No matter why you’re here, I will always provide free content. So rest assured, what you’ve come to expect as free will still be free. But the premium content has value as well and I’d like to briefly try to prove it to you.
Why be interested in my stock picks?
Because despite the poor performance of my “Trade Ideas” last year, I’m actually not a bad stock picker. As many of you know, I provide more detailed investment notes on Seeking Alpha. Those picks are tracked by TipRanks. According to TipRanks, I’m one of the better financial bloggers out there with a 57% success rate and a 21.2% average return when holding my picks for 1 year:
TipRanks is measuring my Seeking Alpha equity calls for those metrics and those calls are the kind of ideas that I plan to bring to the table here as well for this portfolio. With that said, here is the first equity position I plan to add this week and the rationale for inclusion in our portfolio…
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