We’re half-way through the year and so I thought it would be a good time to check back into my ROBO portfolio to see how it’s doing and if there is anything interesting going on. Three and half years ago I decided to try an experiment and find out for myself. I setup an account with one of the big Robo Adviser firms and invested $5000 of my own money into it. My goal was to go through the process and blog about my experience and more importantly, the results. I said that we need a good five years to really get a handle on how effective these services are compared to traditional wealth management services. Well, we're coming upon the 4th anniversary of my ROBO account, so let’s take a look at how it’s doing at the mid-year mark.Read More
While my core investing ideology revolves around buying quality businesses, I also try to structure my portfolio to have exposure to certain business themes that are evolving in business. In the past, I've developed themes in the areas of water stocks, luxury/discount retail stocks, and even investing in a world of Trump. We live in a time where having the most market share does not necessarily translate into being the leader in the market. Market share is nice but if you can control the distribution channel in how products are accessed by customers, you can build a durable competitive advantage, which is something Warren Buffet loves. If you wanted to sell a product in a retail, you would need to go through the gatekeeper who would charge you a fee to get into their operating system (OS) or ecosystem. Traditionally that would have been a department store or some kind of physical retail store in a mall. This is changing. The distribution channel in the 21st century has become online. The Internet.
Whoever can offer a compelling online platform/ecosystem/operating system will have a durable competitive advantage as consumers will stick to and out of convenience be loyal to an operating system and the stock market will put a premium on those companies that own the OS for a specific sector or industry.
I set out to try to figure out who the next great stocks are or could potentially be the companies that will own the OS for the Pillars of Companies I often refer to when I try to figure out what stocks to buy.Read More
June brought a month of decisions on whether to hold or sell a few positions in my portfolios as they had crossed my personal return threshold.Read More
Despite the incredible amount of uncertainty the election created, I continued to stay true to my investing ideology and look for opportunities. At the same time, I was faced with several selling decisions. As November evolved, several opportunities did emerge. I opened positions in 3 stocks which I will share in subsequent posts over the next few weeks. In this post I review my sell decisions.Read More