🚨Weekly Portfolio Update🚨
✅ Up 127% since August 2022 WITHOUT margin or YOLOING into single stocks
🎯 Update on my hedge
🟡 Yellow flags to watch with Sam Altman & OpenAI
📈 What I bought, sold, & current portfolio
📰 $NBIS $OPEN $IREN $RKLB news
Link to read the full update:
austin.substack.com/p/portfolio-update-127-2-sells…
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My dad never made more than $40,000 a year. I remember wishing we had more money and being embarrassed that he drove old beat-up cars and never had more than a quarter tank of gas.
As I've made career decisions, I've found myself striving to make more money. I've convinced myself that I want to make more money so my family never has to stress about finances, I can spend more time with my kids, and make a positive impact on the world.
But what is "ENOUGH"? Is it worth sacrificing time with my kids now when they're young and missing key moments in their lives to have more time to spend with them later (when they probably won't want to spend time with me anyways)?
I don't know the answer to these questions and they're different for everyone. But I know it's something just about every parent struggles with.
The dilemma of providing for your kids and wanting to spend as much time as possible with them.
My dad passed last year from cancer and now as an adult, I'm mature enough to realize an appreciate some of the things he did while I was growing up that I definitely took for granted.
And the lesson for me in all of this is that if he had prioritized his career and making more money, I very likely wouldn't have these memories.... and things turned out just fine with the income my parents had.
1️⃣ He coached my baseball team every year from age 6 - 12
2️⃣ Drove me to every practice and came to every game from age 13 - 18
3️⃣ Sacrificed any potential possibility of "retiring early" so I could have an opportunity to continue playing baseball in college
4️⃣ Encouraged me to do hard things, let me fail, but never let me completely break
5️⃣ Supported my decision to quit playing baseball and focus on Air Force ROTC training
6️⃣ Told me he was proud of me when I decided to join the military and make that my career even though he was afraid of the potential risks
The list goes on.
My dad wasn't perfect and he had a lot of financial and health habits that showed me what not to do. But he was the best dad I could have ever asked for and the father I needed.
He was there for me anytime and all the time. That's something I'm trying to do as a father to two beautiful girls and a son who played his first season of baseball this year.
Here's a picture of us on a Saturday out at the fields doing what he loves. Practicing baseball.
Success is about more than money my friends. Remember that and enjoy the time while you have it.
Let me know if you've struggled with this and any tips you have in the comments. 👇
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Come join @danielpronk and the @StockUnlock crew talking about $META, the market, and all things investing watch video on watch page
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Is Charles Schwab $SCHW in crisis mode?
This week we. Got an update from Founder, Charles Schwab and CEO Walt Bettinger
They spent the beginning of the update discussing the historical rise in interest rates and shared how investors have reacted. Essentially, the firm has a long-history of supporting clients through economic cycles and Schwab appears to be doing just fine.
I found this bit to be very reassuring. The company received an influx of assets yet the stock price is down 35%+ since the banking crisis news…
“Our business is extremely robust. This March alone, we saw a strong influx of core net new client assets of over $53 billion, the second highest March results in our history. The diversity of our business remains a strength. For example, our trading and wealth management businesses experienced a very strong first quarter.
Earlier this week, Charles Schwab earned the highest ranking in investor satisfaction among full-service wealth management firms in the J.D. Power 2023 U.S. Investor Satisfaction Study. Ironically, challenging market environments like this one allow us to shine for our clients, to make a difference in their financial lives and help deepen lifelong relationships. With 50 years of experience, we know that both our company and our clients come through times like these stronger on the other side.
Deposit flows at Schwab Bank have remained fairly consistent during this tumultuous period. In fact, adjusting for modestly increased cash movements during the week last month following national concerns about regional bank stability, the average daily outflows were below February.
The Fed’s actions to decrease the money supply and raise interest rates will naturally increase our cost of funding and consequently have some impact on earnings. But that higher cost of funding will begin to decrease, which combined with natural growth in our business and lower expenses, we will eventually begin to enjoy growth in earnings. While the first quarter was a challenging time, for sure, reflecting negative investor sentiment, ongoing interest rate hikes, and regional banking turmoil, Schwab’s client-centric growth model remains firmly intact and is performing well. The company continues to operate from a position of strength with strong current momentum. All of which leaves us extremely confident in our current progress and long-term future.”
Subscribe to the channel to stay updated and read my full report on $SCHW here:
austin.substack.com/p/charles-schwab-in-crisis-mod…
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What if I told you there was a group of safe stocks that also tend to outperform the market. Would you believe me? Here are 10 companies that have grown their dividend for 50 straight years AND they have beaten the market. What stocks would you add to this list? watch video on watch page
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I am usually a fan of @NolanGouveia, but I had to call him out on his ridiculous SCHD video where he assumed 12% annual returns for 30 years. Nolan, you know that was misleading. Hope you correct those assumptions for your viewers. watch video on watch page
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Daily update #1 +$1,709 (+1.15%)
Top performers: $FNF $MPW $VZ $MDT
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Daily updates are usually pretty useless, but maybe my daily updates can display fundamental/process-driven investing.
I'll share YTD performance and since inception every Friday.
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Let's be honest. I never saw myself owning a stock like 3M ($MMM). Here's why I opened a $12,000 position after digging in a bit. watch video on watch page
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Getting that morning run in with the kiddo and listening to $ABR earnings calls. Want a video on Arbor Realty? This short report may have created a good buying opportunity *no position*
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Portfolio is down $17,100 this month. Today I'm talking about mindset and how I plan to recover. watch video on watch page
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Building a $1 million portfolio with 100% transparency. I review tech stocks, dividend stocks, and crypto without all the Wall Street jargon.
Joined 26 September 2016