Thread by @JonahLupton

Seems like two bad weeks in the markets brings out the worst in some people. It’s too bad b/c I love twitter but some people make it intolerable on certain days. It’s sad that these people have nothing better to do than create fake profiles for the purpose of harassing others.

I have always done my best to provide/create valuable content and help others become better investors.

I’m far from perfect. I don’t have a crystal ball. I make plenty of mistakes like everyone else.

All I can do is try my hardest to find great companies that can deliver strong returns for investors.

I have no idea what these companies will do in the short term. These are companies I want to own for many years.

Last week I stopped updating my portfolio in Google sheets because I wanted some time to build out my fund at Social Capital without disclosing everything I was doing or buying.

Unfortunately the markets (and my favorite stocks) have pulled back much faster than I thought was possible. This has given me the opportunity to invest that money much faster than previously planned. I’m 85% invested right now in my fund.

I have started updating my personal portfolio once again in Google sheets. Over the past few days I have sold the bottom 20% of my portfolio and added to the top 40% which are my highest conviction names for the next 6-12 months. docs.google.com/spreadsheets/d…

I will do my best to update this Google sheet every day although I’m juggling a lot of things/projects right now so please stop harassing me when I miss a day or try to claim that I’m hiding from the truth. That’s ridiculous.

The past two weeks have not been kind to my portfolio but given that I’m investing in high-growth small/mid caps stocks I understand that these difficult periods are just part of the long term investment process. You can’t make money every week/month.

If you can’t stomach 15-25% drawdowns then I suggest you build a much more conservative portfolio or have cash available for pullbacks.

Of course I’m upset that my portfolio has pulled back from the recent highs but I still have strong conviction in all of my stocks and I’m continuing to add on this weakness.

Was it normal that $FUTU went from $40 to $200 in six weeks. Nope.

Was it normal that $UPST went from $35 to $105 in seven weeks. Nope.

Did I sell any of my shares. Nope.

If I still love these stocks for the next few years it does not make sense for me to try to sell them at the perfect time, only to pay short term capital gains and then hope they pullback so I can buy them lower.

Even with the big drawdown in my portfolio I’m still up 48% on the year which is probably better than most (if not al) of the trolls that are trying to take shots at me. Before you come on Twitter and try to act tough, let’s see your portfolio and returns.

Am I disappointed that my portfolio is not up triple digits on the year anymore. Of course.

Is a 48% return through the first 9 weeks of the year with the averages now flat still a pretty decent return. Yes.

I have no idea when these markets will bounce, hopefully soon, but in the meantime I suggest we all start acting a little kinder and more respectful to each other.

Investing is hard and losing money sucks but it’s no excuse to act like a jackass.

We’re all here for the same reasons... make money, make friends and become better investors.

If you don’t have something nice or constructive to say then it’s probably better to keep scrolling.

Tonight I found out that one of my closest friends just lost her father and it has me feeling very emotional.

None of us know how much time we have left on this planet or with our loved ones so the last thing any of us need to get harassed on Twitter because our stocks are down.

Just be more respectful to others — it will make Twitter a much more enjoyable place for all of us.

With that said, let’s hope we finish out the week with a big green day.