For various reasons I have decided to make some trades today. Of late I have been increasingly conscious of the keen timescales (i.e. short term!) I have set for hopefully doubling my seed capital from when I commenced the ‘Less than $10k to $1m’ challenge last July. The timescales being approximately one year.
With that in mind I have decided to adjust the challenge portfolio today. Selling all my shares in Upstart Holdings (UPST) and purchasing more shares of Intuitive Machines (LUNR) following the approximately 15% drop today on news of a $175m strategic investment by ‘global institutional investors’.
While I remain confident Upstart as a company is on a path to future long term success, I am currently unsure the share price will recoup recent losses despite the on-going positive results, in the timescale I would like it to.
This does however concentrate and arguably increase the risk of capital loss for my challenge portfolio, seeing as it is now invested in only two companies, Intuitive Machines (LUNR) and Spectral AI (MDAI). Only time will tell if I have made the right decision.
May fortune favour the brave,
Mark aka Double Bubbler
Double Bubbler: ‘Less than $10k to $1m’ Challenge Share Trades
by u/_DoubleBubbler_ in DoubleBubbler
