SIRS —
At the beginning of the year I entreated you to step in and buy TSLA. I had even dedicated an account for it inside Stocklabs — whereby I intend to accumulate shares on a dollar cost basis every month for 2 years. Thus far, with half a year in, that account is +37% for the year — as Tesla is now on a frantic 14 day winning streak. I do believe, in spite of what Greg says, Musk is the innovator of our lifetime and the stock should be held.
The other long term conviction hold for me is Bitcoin. The coin proved itself to me during the little banking crisis we underwent, where BTC went up as the banks melted down. That’s all I needed to see, frankly, and I now have a 7% in BTC with an intent on building it to 10%. The melt up scenario is through gradual adoption, need to verify things on the blockchain due to AI, central bank collapses abroad, and overall western banking system collapse.
Since we are on the topic of long term holds, I have another one. I am fairly content with my thinking on this one so I will share it even though I do not own any at the moment.
UBER.
It’s likely to become a trillion dollar company, especially when they completely automate cars and no longer share revenues with drivers. In the future, we will have air taxis and self driving cars and UBER will likely get involved with insurance and nothing business lines to support their empire.
If you enjoy the content at iBankCoin, please follow us on Twitter
