When I have more time I intend to write some detail around my latest investment rationale, however in the spirit of sharing promptly, I have begun my second investing challenge today… my ‘Less than $10k to $1m‘ challenge!
Given the US markets are particularly exuberant right now (to put it mildly!) despite the uncertainty of various policy initiatives by the new US administration, I have decided upon greater diversification to begin with than when I started my first ‘$10k to $1m’ challenge just over two years ago.
Whatever the case the risks are still great and as always I do not recommend anyone copies my investments. However I hope that my investments in the four promising companies listed below will give my challenge a strong start over the next 12 months or so, within a window of less than hopefully ten years to make the $1m I am aiming for.
I have invested $9,992.07 today, split four ways in the following companies…
* Intuitive Machines (LUNR) – 240 shares at $10.2929ea ($2,470.30 total)
* Reddit (RDDT) – 17 shares at $150.755ea ($2,562.83 total)
* Spectral AI (MDAI) – 925 shares at $2.7057ea ($2,502.84 total)
* Upstart Holdings (UPST) – 33 shares at $74.427ea ($2,456.10 total)
I have had my eye on LUNR for some time, however thanks to u/FabricationLife for the recent mention. Thanks also to u/HappyCaterpillar2409 for mentioning RDDT as that wasn’t on my watchlist and nor was MDAI, so thanks to u/Rare_Trick_8585 for bringing that potential gem to my attention.
Of all the many companies I have analysed to narrow down to these four, MDAI was the most challenging to assess for various reasons, such as having to interpret and gauge the implications of the burns study results that have supported their recent FDA submission. Hopefully the FDA will agree that MDAI’s technology offers a step change in wound treatment!
May fortune favour the brave!
