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Adventures in Financial Independence Profile picture
Adventures in Financial Independence
@adventuresinfi
Borrowed £40K to invest. Paid it off over 4 yrs. LT goal is freedom. Learning in public. No guru. Often wrong Sharing my mistakes so you don't have to make em
8 subscribers
Jul 21, 2021 • 4 tweets • 1 min read
Which is most likely to 3x from current levels over the next 3-5 years? @RemindMe_OfThis in 5 years
Dec 17, 2020 • 33 tweets • 7 min read
Motivation, Mindset, Failure and Luck

Losing in order to win - thoughts for new investors

[Thread]

I started investing in July 2017

I had £20,000 / $25,000 saved

I had realised that we were in a middle-class trap & wanted to change our future MOTIVATION

I spent my 20s working on a business idea that failed

The saga had cost a lot of time, energy & money. It put a big strain on my relationship

It put me in a financial hole that had taken years to dig out from. I ended up at a big consulting firm
Dec 8, 2020 • 4 tweets • 2 min read
How to avoid selling your winning stocks too early

I sold $SHOP $SHOP.CA in 2018 after a year

- stock is over 6x in price since then

I sold more than half my $TTD on a +40% day in 2018

- it's up over 10x since then

I don't sell my winners anymore

This is how I approach it Image Compounding only works if you keep the stock in your portfolio

If you are a LT focused investor

selling out of long term winners with secular tailwinds

when the market cap is small vs the opportunity

the thesis is intact

and the company is executing beautifully

is DUMB
Sep 26, 2020 • 10 tweets • 2 min read
Meta-thread for growth investing

A thread of threads on my story and what I've learned so far

Details below
👇
Sep 15, 2020 • 4 tweets • 1 min read
short report by Citron is unsurprising

There are some significant unanswered questions that will be interesting to monitor

The concept sounds great but investment is at its core

is a bet on the management team

I don't know the truth but can see why it draws skepticism After this week

and Theranos back years ago

Some caution is warranted with strong claims but limited evidence.

No position in but if it does work it sounds compelling

But does it work?

And do the unit economics support the biz plan?

(no position, but curious)
Aug 31, 2020 • 4 tweets • 2 min read
End August '20 Portfolio Review



Dec 31 2019 – £56.6K
Jan 31 – £66K
Feb 29 £75.3K
Mar 31 - £62.7K
Apr 30 - £79.4K
May 31- £105.8K
June 30- £124.7K
July 31- £143.6K
August 31 - £145.4K

adventuresinfi.substack.com/p/august-2020-… Image It has been a volatile month, with big moves in two of my larger positions and .

Monthly performance is down from last month due to losing a third of its value post ER.
Aug 12, 2020 • 6 tweets • 2 min read
Taking advantage of the chance to recharge with family...

Will be quiet for couple of weeks.

Make sure you invest time with those you care about.

Love and relationships compound over time too! Image Image
Aug 5, 2020 • 7 tweets • 2 min read
My quick take on $LVGO $TDOC.

I don't love the merger

I liked the hypergrowth story of $LVGO and SaaS style model, gross margins, op metrics

Tech + healthcare is harder than you might think, even if the technology is replicable

Great DIstribution leads to a legitimate moat It's easy to criticise the move:

"why sell if you have confidence in the business?"

Stock options have a weighted-average exercise price of $1.80 per share (Source: $LVGO S-1)

the board/employee perspective is likely different to yours!

$LVGO EV:$1.6B Oct 2019
2018 revs $68M
Aug 1, 2020 • 6 tweets • 2 min read
End July Portfolio Review



YTD 126%

Earnings season is upon us. We may get some insight into whether the Covid-19 multiple inflations for software companies have been warranted Image My feeling is that the wins will be distributed unevenly, but I have no specific insight that gives me an edge in the short term.

A number of investors I admire have sold shares of their high-flyers prior to earnings. .

ERs might be the moment of truth.
Jun 30, 2020 • 9 tweets • 3 min read
My June 2020 Portfolio Review - when's the crash?

YTD +96%
June +17%

Portfolio by size













It has been an incredible Q2 for software investors after Q1 ended with the thud of March. Image I wrote in May that I was hoping for a bit of portfolio stability

because I was worried that the enthusiasm for software companies needed to be sustainable.

But here we are.

There is not much to be gained by trying to predict short term movements.
Jun 26, 2020 • 7 tweets • 2 min read
Some reflections on investing for just under 3 years.

1. Start early. I'm 40 & wish I started doing this earlier.

2. Understand yourself & your volatility tolerance

3. Just as there is a range of stock/bond combos there can be growth/other criteria tradeoff in your portfolio 4. Don't try to apply your worldview or style of investing on people it is not suited for.

5. Find a community of investors who share your approach.

6. Develop a structured process that you apply to every decision.

Keep it simple and iterate after you make mistakes.
Jun 22, 2020 • 5 tweets • 1 min read
Every growth investor should read this Raymond James article at the bottom of this [thread]

"Do you have the mental fortitude to accept huge gains?"

your friend/partner/acquaintance/broker/advisor calls you tells you to take your profit. You have guts, though, and you wait The next Monday, your contract opens limit (down) against you.

Your friend calls and says, “I told you so.”

You got greedy. But hey, you’re still way up on the trade.

“Get out tomorrow.” The next day, on the opening, you exit the trade, taking a $5000 profit.
Jun 20, 2020 • 18 tweets • 6 min read
Why is worth consideration for your watchlist.

[thread]

is a Chinese e-commerce company that helps international brands sell to the Chinese middle class.

It IPO'd the same day as May 21 2015.

For a while, it was fashionable to call it the Shopify of China Image Baozun helps brands execute their e-commerce strategies in China

by selling their goods directly to customers online or by providing services to assist them with their e-commerce operations. Image
Jun 18, 2020 • 7 tweets • 3 min read
3 months since the great drop

A visual demonstration of why the phrase

"be greedy when others are fearful" exists.

And why you should be

long term focused on best of breed companies.

Volatility is not the same as risk!

Technology company charts

A thread

and ImageImage and ImageImage
Jun 9, 2020 • 11 tweets • 5 min read
Hello and thank you to all my followers!

This is an intro to my investing journey and philosophy.

None of what I write is financial advice!

I am UK based 40 yr old father of 3 who started investing in 2017 with a £40,000 personal loan (USD$50,000) & some personal savings Sign up to my free monthly portfolio update newsletter

adventuresinfi.substack.com

I use it to review holdings, outline my thinking & hold myself accountable

Most recent update: adventuresinfi.substack.com/p/may-2020-por…

Current portfolio value is circa £100,000 / $125,000

Mainly software
Jun 1, 2020 • 12 tweets • 4 min read
Growth portfolio monthly reviews

Richard Chu


The (non) Stocknovice


Christian Reshoeft


& Puru smashing in a home run with the bases loaded!


I enjoy write ups - who am I missing? Shiv Sharma
May 11, 2020 • 10 tweets • 4 min read
How to improve your investing by learning from Bruce Lee

[THREAD] Image Bruce Lee was Hong Kong's breakout international movie star of the 1970s.

He was also a master martial artist and a philosopher.

He invented Jeet Kune Do - his modification of classical Chinese kung-fu teachings

- it is both a style and a philosophy with guiding ideas. Image
May 10, 2020 • 7 tweets • 3 min read
I generally don't buy IPOs on public market debuts

- Price stability takes time

- You don't have enough data on company performance as a public entity

- ER volatility

- Lockup expiration may increase your risk

Can you identify these multibaggers with ugly post IPO charts? ImageImage Two More ImageImage
May 2, 2020 • 7 tweets • 3 min read
Why I'm doing this
[thread]

Investing is part of my search for the freedom to pursue the important things in life.

You need to own assets that compound over time to gain get financial independence.

My life is solid by British middle-class metrics.

But the metrics are wrong. I have an amazing wife and 3 gorgeous kids (yes I'm biased)

Work is enjoyable and I work with some inspirational people.

I have a job with a reasonable salary and a very good NHS pension.

Since having kids I've become more reflective on our financial future.
May 1, 2020 • 4 tweets • 2 min read
April 2020 Portfolio review

YTD performance ~ 29%

























adventuresinfi.substack.com/p/april-2020-p… Image Well, morale has improved after March’s beatings.

I’ve gotten a lot of value out of connecting with experienced and thoughtful investors on Twitter - if that is you, thank you! Image
Feb 7, 2020 • 11 tweets • 5 min read
1/x How I choose a company to invest in
(thread)

I try to think about the changing technology trends that actually have evidence of real world application (not lab stuff)

I use screener tools like wallmine.com or stockrow.com

and search for: 2/x

Screening Criteria for a Company to Invest in

Leadership position in a new important emerging market

Solid unit economics (not $UBER)

Gross margins that exceed 50%

Growing revenue at a minimum of 40% per year

Recurring revenue model

Growing Total Addressable Market