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@akintola.eth
Benson Akintola
$13M follower assets
Financial Analyst| Digital🆔 Blockchain🔗🔗| Optimising for the future #WAGMI
19 following33 followers
Nintendo
Hearing the name Nintendo($NTDOY) gives me a nostalgic feel, thinking about how much I was in love with my game boy growing up. Sales of the switch has been spectacular, with Nintendo transitioning its business from a cyclical console driven business to a less cyclical business with the growth of digital games and a solid ecosystem of long time classics like Mario kart and Super Smash bros.

Q2 result was also stellar with
  • Operating profit up over 400% YoY
  • Revenue up over 100% YoY
  • Over 10% increase in Gross Margins

Nintendo is about 3% of my portfolio currently. I plan to keep adding, pushing that percentage to about 6% or 7%. Keep running Mario🚀
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I would give literally all of my money to have an updated Nintendo 64 even it was just Goldeneye, Mario Kart, Mario Party. No new features to the games, exactly the same as the original just with updated graphics
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E-commerce is the winner
The covid-19 pandemic, a defining moment in history has impacted buying habits and has changed the dynamics on how we shop. E-commerce has been a big beneficiary of this change in habits evidenced in the revenue growth of major players like Amazon ($AMZN) and Alibaba ($BABA). I believe majority of these habits are here to stay and e-commerce can only get bigger from here. I am currently invested in $JD, $BABA, $SE as well as $MELI.

These companies have been growing their businesses constantly, and I plan to keep adding to them as I have strong conviction about their growth over the next couple of years.
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My Portfolio Journey
It has been an incredible journey since the 5th of March. Feels just like yesterday. I started trading the stock market on this day when prices started to drop and the global pandemic was underway. Little did I know the plans Mr. Market had. It's funny how my first stock picks were Bank of America ($BAC) and Disney ($DIS). They were two companies I knew growing up and I just felt comfortable buying them at the time as I didn't know much about the stock market. The two positions got absolutely pummeled as the pandemic got worse. I hold no position again in both companies. It's been a wild ride. I've made so many mistakes and I've also learnt a lot. I'm happy I made these mistakes as they thought me very good lessons about risk tolerance, myself and my motivations. I'm currently up about 38% on the market which I think is very fantastic for a newbie. One key lesson I've learnt is to never trim my winners and add to my losers, because winners keep winning and losers just lose. I've seen this firsthand in my portfolio journey. I built my portfolio up to $23,750 by investing almost every week. I hope to journal my thoughts around stocks here as I think this is a fantastic platform. I can't link my account here here on commonstocks because my broker is not supported. I hope to do that soon as they add more brokers. I've also learnt so much from @austin, following him and the 7investing team. Wish me luck.
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