Welcome to my tenth publicly written portfolio update (and 4th on ExponentialDave.com). My portfolio is up 445% as of writing on 9/19/2021 from when I started tracking my results in January of 2020. This means that, $100 invested in the ExponentialDave portfolio on January 1, 2020 would now be worth $545, which is more than a quintuple (5x). Meanwhile my benchmark, WCLD, is “only” up 135% since January of 2020, and the S&P 500 is only up 37%. For the year 2021 through 9/19/2021, my portfolio is up 68%, meanwhile WCLD is up 17%, and the S&P 500 is up 20%.
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August 2021 Portfolio Analysis
Welcome to my ninth publicly written portfolio update (and 3rd on ExponentialDave.com). My portfolio is up 335% as of writing on 8/22/2021 from when I started tracking my results in January of 2020. This means that, $100 invested in the ExponentialDave portfolio on January 1, 2020 would now be worth $435, which is more than a quadruple. Meanwhile my benchmark, WCLD, an amalgamation of cloud stocks, is “only” up 118% since January of 2020, and the S&P 500 is only up 39%. For the year 2021 through 8/22/2021, my portfolio is up 34%, meanwhile WCLD is up 9%, and the S&P 500 is up 18%.
Read More »When To Sell a Stock – With an Example
The best investors are not right all the time. They are constantly synthesizing new information and analyzing their investments for weakness. I was very fortunate to find an excellent friend and mentor, Saul, who taught me when to sell a stock. According to Saul, the right time to sell is as soon as the narrative changes.
And every stock’s narrative changes sooner or later. Even some of the greatest stocks of all time, such as Amazon, become not worth holding anymore. I sold Amazon in March of 2020, which most people would consider as a pretty good time to buy Amazon! After all, it hit a low of $1785/share and is now trading at $3375/share. The thing is, I took that money and bought more Crowdstrike, Zoom, Livongo, and a couple other hyper growth stocks. And how did they do? Way better than Amazon.
Anyway, the example stock from the title of this article is one that I sold earlier today, none other than Fiverr. So, what was Fiverr’s narrative?
Read More »July 2021 Portfolio Analysis
Welcome to my eighth publicly written portfolio update (and 2nd on ExponentialDave.com)! My portfolio is up 299% as of 7/30/2021 from when I started tracking my results in January of 2020. This means that, $100 invested in the ExponentialDave portfolio on January 1, 2020 would now be worth $399, almost a quadruple. Meanwhile my benchmark, WCLD, is “only” up 120% since January of 2020, and the S&P 500 is only up 36%. For the year 2021 through 7/30/2021, my portfolio is up 23%, meanwhile WCLD is up 9%, and the S&P 500 is up 17%.
Read More »Turbo Charging Results with Options
The end of June and the beginning of July has been great for the Exponential Dave portfolio, sending my cumulative results to 301% since beginning tracking in January of 2020. Specifically this includes gains of 225% in all of 2020 and gains of 24% year to date in 2021. Think of it like starting with $100 in 2020, ending 2020 with $325, letting that $325 sit in the market for all of 2021 and watching it grow to $401 as of July 9, 2021. This is exponential growth!
I received a comment on my June portfolio update asking about my options strategy, and so I will be describing it in this post. The strategy is actually incredibly simple. I have been employing this strategy since March of 2020, and on average, I have seen returns of 198% per option on average.
Read More »Minor Changes to the Portfolio
Greetings, and, to my newest subscribers, welcome to ExponentialDave! I’m excited to have you here, and I look forward to helping you grow your wealth exponentially.
I have been somewhat active this week and wanted to provide a quick update on what I’ve done.
Read More »June 2021 Portfolio Analysis
Welcome to my first portfolio update on ExponentialDave.com! This is my seventh publicly written portfolio update in total. My portfolio is up 247% as of writing on 6/15/2021 from when I started tracking my results in January of 2020. Meanwhile my benchmark, WCLD, is “only” up 90% since January of 2020. For the year 2021 until 6/15/2021, my portfolio is up 7% year to date, meanwhile WCLD is down 0.5%.
Hypergrowth Continues in Snowflake’s Q1 2021
Years ago, I used to wish that Amazon would spin off AWS, or Microsoft would spin off Azure, allowing me to invest in their cloud services without also having to invest in all the other low margin things Microsoft and Amazon do. But last year, something better came along. That something is Snowflake, a leader and pioneer of the “data cloud”. Snowflake hit a big milestone in this quarter of processing more than 1 billion queries in a single day!
Read More »High Fiverr(s) All Around
One of the best earnings reports I’ve seen in this earnings season was from Fiverr. This is mainly because they changed growth cohorts. For this year, previously they were guiding for 46%-50% YoY growth, but now they have updated their forecast to 59%-63% YoY growth! For comparison, Crowdstrike, my highest conviction stock, is “only” forecasting growth at 64% for 2021 (but to be totally fair, CRWD hasn’t reported Q1 yet and so will also likely beat/raise their guidance.)
Read More »Shopify Posts an Exceptionally Strong Quarter
I have previously mentioned that, since Q3 of 2020, Shopify has returned to “seasonally normal” quarters. Well, this quarter was abnormal in a very good way. Shopify revenues usually contract sequentially by 6% or 7% in Q1, but this time revenue actually accelerated sequentially! (if only by 1%, but still a big deal considering how the quarter usually goes.)
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