SLV

iShares Silver Trust

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-$2.08 -9.99%
Portfolio Update 10/1/2022
It has been an interesting month. -5% on the month and -6.7% on the year.

1.) $STOR Buyout. Made a solid 7% on the position overall and while I am sad to see it go I will happily reallocate the funds elsewhere.

2.) Added to $SLV, mostly using funds from $STOR. The position is still up almost 7% on the month and I don't plan on adding more to the position right now.

3.) Added to $BOC, been a bit of a rocky month going down 11% but got a chance to add more at a lower price, again using $STOR funds.

4.) My plan for this month is to add more to $INTC, Take another look at $CRSR and $BRKB to see if I want to add more or possibly trim the position. I also am planning on adding a new position to the portfolio if the market continues to go down which I am very excited about.
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What The Shift To Fiscal Dominance Means For Markets | Macro Corner Episode 14
Talked about fiscal dominance and what it means for markets with Paul Wankmueller this morning.

We decided to start doing 10 rather than 30 minute long conversations in order to make things a bit shorter of a listen.

Enjoy!
Portfolio Update, August
Finally got a chance to sell out of $BBBY at a modest gain. Other than that added to $INTC, $DXJ, and a new position in $SLV

0.5) $BBBY, Using the meme craziness as exit liquidity seems to be a solid strategy.

1.) $INTC: After contemplating earnings for a while and seeing the relative weakness across the semiconductor space, I decided to add to Intel again. I am still confident that their plan to regain leadership in the semis space will mostly play out and I get to collect a more significant dividend while I wait.

2.) $DXJ, Already one of the best-performing holdings this year I continue to add to this fund in particular. One of the reasons why is the currency hedging strategy WisdomTree employs to protect against the large movements in FX. Also a big dividend payer despite being made of larger Japanese companies.

3.) $SLV, The newest addition to my portfolio is direct exposure to Silver. I have contemplated getting exposure in various forms but ultimately decided I like the value prop of this fund. I think there are plenty of reasons to like silver from its industrial uses to its use as a hedge against falling interest rates. I would ideally like to get exposure to Gold as well. The current candidate is a small mining company in Canada that I think looks solid.

Overall I continue to believe having a portfolio of high cash flow companies will prove to win going into the end of the year. This is pretty common across my entire portfolio from $CVS to $PYPL and the funds $SCHD and $DXJ. That said I do want to use the next few months to significantly increase my holdings in $BOC, $SLV, and a new position I am working on, all companies with questionable cash flows, ironic.

Other than that very pleased with portfolio performance in the 1 Year and YTD.

1M: -1.5%
YTD: -3.9%
1Y: -4.5%
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I absolutely love the CVS position. I’m a huge fan you have no idea. I do like PayPal a lot. I think I decided to go with Fiserv tho it’s safer for me long term. But I like those two positions the most
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Silver
I like silver short here, it is in a monthly and lower time frame down trend, I am short via $SLV, a silver ETF, as of today. My first take profit price is $10.86, the swing low on the monthly chart.
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Trading Psychology Tip

Mastery is effortlessness. You’re not fighting or trying hard.

In some cases, you’re not even thinking.

You’ve just allowing yourself to be, and by doing so, you’re letting intuitive experience come to the surface and guide you.

As you slowly develop mastery in this field, you also slowly learn to replace “reacting blindly” with “responding wisely.”
Olympia's avatar
$132.6m follower assets
$SLV squeeze
#silversqueeze is now trending on Twitter as the next target of Wall Street Bets. One WSB user has $235k in March 35 calls.

Apmex: "Due to unprecedented demand on physical silver products, we are unable to accept any additional orders until markets open Sunday evening." 👀

I recently got stopped out of my $SLV upside options trade when it erased 3 months of gains in 1 day Jan 8th... only to watch it grind higher my face.

Silver is still the most undervalued commodities relative to any other asset in currency terms.

With Yellen at the helm of the US Department of Treasury and rates expected to stay lower for longer, new investors may finally be waking up to the idea that metals are the only real asset class.

$SLV took in nearly a billion dollars of inflows on Friday (inflows = buying) , 2x the old record for this ETF.

Long $SLV & adding.

Considering trying pay $1 for the $SLV march 30/40 call spread. Currently marked 73c and may put a higher bid out there before the open to try and get filled as $SLV is expected to gap higher tomorrow.

What are everyone’s thoughts? Are you hopping abroad the silver train 🚀 or staying on the sideline?!

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Sekna's avatar
$28.9m follower assets
Investing in 2020 ..a look back
About me : Started investing in 2020 . It took me 6months to ask myself , why i am investing in companies? Then , i realized the below goal .

Goal : To support kids college and family financials in 2035

Lot of good companies, but just started with a few .

Fintech & e-commerce :Building long positions in $SQ $SHOP $ETSY

Commodities exposure : Silver $SLV $AG

Uranium(Just started) : $URNM $NXE

Experiment phase(companies i started positions to understand about them. If i like them , they will be added to long term)

$OPEN (the biggest YTD gainer in my portfolio) $PLTR

2020 taught me what "forward thinking " in stock market means and i am hoping , it would be fun ride going forward .
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