I don’t have a list of best ideas but strong convictions on what will work well over time. I find day trading to be much more beneficial for me than buying and holding. But I realize some folks out there work for a living and cannot babysit a screen all day.
Here are some core conviction plays.
Bitcoin — it has proven to be a hedge against systemic risk. There are many reason other than that to own it — but this is the reason why I have it fixed at 7% of my portfolio.
UBER — once we figure out how to automate cars and make them fly — uber margins will explode. I love this name long term.
TSLA — Musk is the innovator of our lifetime. Even if he’s gone from the company in some mysterious poisoning or helicopter accident, I feel an autocrat like Tim Cook can step in and manage what Musk laid down just fine. If Musk remains alive, sky is the limit.
That’s it, when it comes to core trades. I do have a list of long term positions that I favor and keep for my children in their trust accounts.
Here are some of my current favorites.
CRM, NVDA, NFLX, META, AMZN, V, NUE, AXP, CAT, XOM, ADBE.
Admittedly, those are boring stocks and obvious winners. Much of what models depend on is a bull market. I hope this isn’t the case and we instead dive into a Great Depression. Nevertheless, whilst we trend higher — this is where I like my money to remain.
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