Updated portfolio -

$ABNB $AFRM $ADYEY $CRWD $DLO $DOCU $GLBE $LILM $LSPD $MELI $MQ $MTTR $OKTA $PATH $PLTR $SE $SHOP $SNOW $TOST $TWLO $U $UBER $UPST $ZI
Top 5 -

1) $SE 2) $MELI 3) $AFRM 4) $UBER 5) $UPST
$ABNB and $UBER are re-opening rentals

Not planning to own these for years, will close out these positions after multi-month rallies (if they materialise).

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More from @saxena_puru

1 Oct
1)Portfolio Sep-end -

$ABNB $ADYEY $AGC $CRWD $DLO $DOCU $GLBE $LILM $LSPD $MELI $MTTR $OKTA $PATH $PLTR $SE $SHOP $SNOW $TWLO $U $UBER $UPST $ZI #RT_F

Short $ARKK #ZB_F

Return since 1 Sept '16 -

Portfolio +741.57% (51.97%pa)
$ACWI +70.0% (10.99%pa)
$SPX +98.43% (14.41%pa)
2) YTD return -

Portfolio +32.66%
$ACWI +9.79%
$SPX +14.68%

Biggest positions -

1) $SE 2) $UBER 3) $MELI 4) $GLBE 5) $DLO

Contd....
3)Commentary -

September was a tough month and the ongoing super volatile downtrend in stocks took its toll on my portfolio.

During the month, I invested in two companies -

(i) Airbnb
(ii) Uber

and seeing the reversal in UST yields, also trimmed some of my richly valued..
Read 11 tweets
15 Sep
Two and a half years ago, when I first became active on FinTwit and started sharing my high growth portfolio, many called me 'an idiot' or 'a clown'. These critics were sure my 'overvalued' stocks would crash and burn!

Between April '20 and Jan '21, when I repeatedly posted...
...that I felt that we were witnessing a young bull-market, the same critics chastised me again and called me all sorts of names.

Well, my 'overvalued' stocks have done pretty well + the broad indices have been rallying hard for almost 18 months (with minimal pullbacks)...
...Despite this, these 'value oriented' critics and anonymous keyboard warriors still believe that I am the 'clown or the idiot' and they are in fact right.

My 'overvalued' bubble stocks are still strong and the 18 month old bull-market is still running! And I am the 'clown'!?
Read 4 tweets
1 Sep
1) Portfolio update Aug-end -

$ADYEY $AGC $CRWD $DLO $DOCU $GLBE $LSPD $MELI $MTTR $OKTA $PATH $PLTR $QELL $SE $SHOP $SNOW $TWLO $U $UPST $ZI #NQ_F

Return since 1 Sept '16 -

Portfolio +830.25% (56.21%pa)
$ACWI +77.51% (12.16%pa)
$SPX +108.30% (15.81%pa)

Contd...
2) YTD return -

Portfolio +46.92%
$ACWI +14.97%
$SPX +20.41%

Biggest positions -

1) $DLO 2) $SE 3) $MELI 4) $GLBE 5) $PLTR

Contd....
Commentary -

August was a decent month and today marks the 5th anniversary of my post-retirement high-growth portfolio.

My portfolio's YTD return is +46.92% and over the past 5 years, the return is +830.25% (nine-bagger on the entire portfolio) representing a CAGR of 56.21%...
Read 13 tweets
18 Aug
On 'unprofitable' companies and valuations -

Been hearing for a few years now that the unprofitable hyper-growth compounders are 'bubbles' and they are about to crash and burn.

After all, how can these companies trade at such crazy valuations? Here is a little explanation..
The hyper-growth ecommerce, online payments and software companies are truly outstanding businesses for the following reasons -

- Moats (network effects, scale, switching costs)
- Sticky users (recurring revenue, repeat purchases)
- Asset light (marginal cost is very low)
- Durable growth (not cyclical, prone to booms/busts)
- High gross margins (especially for software)
- Outstanding revenue growth (50-100%YOY!)
- Big TAMs/long runways/still early in S-curve adoption

So, here we have disruptive companies which are growing rapidly within enormous
Read 9 tweets
6 Aug
THREAD/

$FVRR got creamed yesterday -- ⬇️24% in ONE DAY!

Why? Company lowered '21 revenue guidance from -

+59-63%YOY growth announced at end of Q1

to

+48-52%YOY growth announced yesterday

This deceleration shaved off 24% of Fiverr's market cap!
Here is a company which despite very tough comps (after last year's COVID related boost to its business), announced that its revenue will grow ~50% this year and its stock got smoked!

Agreed; its valuation was elevated but this 83% gross margin business is now...
...valued at ~21 X year-end EV/S.

Yesterday, Fiverr announced its active buyers grew by 43%YOY in Q2 '21 to 4 million and spend per buyer increased 23%YOY.

So, apart from a mild slowdown in its business (expected after last year's bump), all other metrics didn't indicate...
Read 5 tweets
5 Aug
Some FinTwit accounts keep claiming I'm a fraud and a con artist...

According to them, I didn't really own a stake in my first investment management firm (I was merely an employee) and that my trades/performance are all made up.

I run this account for free, don't charge...
....anybody a cent, don't do any paid marketing, don't even accept any offers to run funds, share my research for FREE and don't run any paid service....yet, I'm accused of being a fraud!

My $1m wager to get my portfolio CAGR verified by CPA is still available...no takers yet.
If anyone has any doubts whatsoever about my career history, you can look up my name on Hong Kong Securities & Futures Commission website (public register). Here is the link -

Hope this is helpful.

sfc.hk/en/
Read 9 tweets

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