What I'm Buying And Selling In my $1.3 Million Portfolio
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Joseph Carlson's $1.3 million portfolio consists of passive income portfolio at $927,000 and story fund at $44,000. Review of each holding with sentiment: buys, sells, holds, strong buys, soft buys. Covers thesis, most bullish and least bullish companies, portfolio management insights.
News on Fed, economy, market. Steve Eisman on market going up. Tom Lee on federal interest rate cuts and market response. David Ter on federal interest rate cuts and stock market. Jimmy Kimmel's show indefinitely suspended, arguments on free speech, company responsibilities, government regulation, internal company discussions, timelines. Argues both sides: free speech censorship issue and business decision. Reveals real reason for suspension. LinkedIn post on tax-saving strategy to pay no taxes on $30,000 of gains.
Alternatives: index funds, ETFs like SPY (S&P 500), SPG (S&P 500 growth fund), SCHG (large cap growth fund) for passive investors. Active management intellectually rewarding, potential to outperform index significantly or destroy capital if poor decisions. Rules: buy, hold, maintain portfolio of compounding machines with disciplined long-term approach. Never speculate, gamble, or invest out of fear, FOMO, hype. Decisions based on rational judgments about company future. Stock selection key. Holds monopolies, oligopolies (shared monopolies) that raise prices, have operating leverage, great cost control, organic growth via prices and new products, mostly capital light with returns to investors, smart CEO capital allocation. Avoid temptation of lower quality stocks at cheaper prices.
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