ironSource: A Recent IPO with Potential

October 3, 2021 exponentialdave2 Comments

Quick heads up: feel free to skip to the “Wrapping Up” section at the bottom which may give you a better idea about whether or not you want to read this entire post.

These days, anytime I evaluate a company and conclude that it doesn’t have Upstart like potential, I always get a little disappointed. This is what happened here with ironSource! Although we must be realistic – I can’t create a portfolio with sufficient diversification if I only own Upstart.

What ironSource does in a few sentences:
There are two main business segments. Segment 1 (named “Sonic”) helps companies monetize/commercialize their apps. Segment 2 (named “Aura”) enables telecoms (such as Samsung and Boost Mobile) to give personalized promotions to customers at various critical points throughout the device life cycle, such as when users are first setting up their phone.

September 2021 Portfolio Analysis

September 20, 2021September 20, 2021 exponentialdave8 Comments

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%.

August 2021 Portfolio Analysis

August 22, 2021 exponentialdave2 Comments

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%.

When To Sell a Stock – With an Example

August 5, 2021 exponentialdaveLeave a comment

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?

July 2021 Portfolio Analysis

August 3, 2021August 3, 2021 exponentialdaveLeave a comment

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%.

Turbo Charging Results with Options

July 10, 2021July 10, 2021 exponentialdaveLeave a comment

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.

Minor Changes to the Portfolio

June 22, 2021 exponentialdave1 Comment

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.

June 2021 Portfolio Analysis

June 17, 2021June 23, 2021 exponentialdave4 Comments

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

May 30, 2021May 30, 2021 exponentialdave1 Comment

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!

High Fiverr(s) All Around

May 8, 2021May 15, 2021 exponentialdaveLeave a comment

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.)

EXPONENTIAL DAVE

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