The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
One of my recent resolutions is to stop price watching. It really adds no value. We all have a history of doing it and it is addictive but I have done so little in response to price change and when I have, it has normally been long term detrimental. So I would say it's best to try not to do it and find something more useful to do with your time that develops your inner self.
Look for long time horizon shares that follow secular trends and release yourself from the stress of watching prices.
I was waiting for the results to decide whether I would jump and my read is that they seem solid, albeit from a very low base. If they can keep up the 300% for a few years, all may be vindicated. I'll keep holding for the moment and look for further green shoots next interims. Onwards and upwards.
The final frontier - James T Kirk
And...
According to @BryceSpaceTech, SpaceX lifted nearly 10 times as much mass to orbit in the second quarter of this year as its closest competitor, the nation of China.
Elon Musk tweet today -> Don’t wanna jinx it, but @SpaceX is tracking to lift 80% of all mass to orbit, China ~10% & rest of world ~10%.
There is also PCT if you want another alternative
Seems a good trading update with >30% rev growth. Be interesting to see the detail when its released. Roll on.
SMT has a long term time horizon and is at the higher end of risk, although probably less risk than people think (even has a 17% discount at the moment). If you don't like their choices, you can always sell and move on. Accept its not for you and you made an error. Spend your time looking for something you want to support, it'll be much better for your mental health in the long term :) I'm fine with their choices and I have an appropriate allocation to them.
If people actually took some time to look at Moderna, they would see they have an entirely new approach to drug development with mRNA (they have a web site that explains it). It's why their covid response was so quick and effective. As it is applied elsewhere it could become game changing. I guess that's why they are in the portfolio. Feel free to wake up and smell the coffee at anytime.
That discount is disappearing. Nice to see.
Should be helping move the NAV and share price considering OCDO multibag performance of late (acknowledge it was massively down but that was yesterday's news :). Still at 20% discount to NAV.
All you need is a bit of patience - best to accumulate at a discount and wait - assuming you don't need the cash. Instead fill your time with useful stuff rather than checking share prices every 10 mins. The returns will return and this time, don't forget to lighten up near the top when you're 2 sigma overbought :)
Just needs to clear 160 and it's off to the races. I guess this is less popular than SMT as it's the smaller companies it goes for. Still SpaceX is a core holding (7.8%) and that'll IPO at $150bn in a year or so:)
It's just a general trading consensus that things that get overbought tend to correct (or move sideways for a while). It's not worth having a debate on it. Things could still continue upwards into overbought territory and if you're in this share for the longer run, its probably not worth bothering with the view. The market will do what it wants anyway and there is no predictability to todays market otherwise we wouldn't be buying this fantastic growth share in the first place. Trade it at your own risk in my view as you'll fail to get back in at the level you want and miss the upside.
Most of SMT's top 10 have the potential to be game changers in productivity which could support the growth required to cope with the global demographic changes happening. It's been battered over the last year and seems fairly hated and so it feels that the upside is much greater than the downside. I looking for a SpaceX based ride from here :)
Nice to see a director buying a good quantity of shares.
Normal value delivery service resumed after a temporary intermission.
This seems to be a "basket case" study. Is there actually a market out there for the product at all?
I wouldn’t call 21.7% small. But impressed with the response. Roll on the penny status.
I wouldn't necessarily think it would drop back to those levels if results continue to be positive. Surely Paloma would probably hold their 21.7% , guiding with their board positions, and hopefully Rock gets back on course after a couple of years of drifting downwards. Let's hope for some returns at last and some FOMO rather than FUD.