Every month I put aside some money into a portfolio aimed at long-term bets over the next 20 years. I will be gifting this portfolio to my future kids someday. I hope to use these memos as an educational tool to teach them about the world. With any luck, managing the portfolio will become a shared activity to collaborate on as they grow up.
Performance from the first 16 months:
Month #18 Jan. 2022 Cash 0%
Total portfolio return: 17%
In January I didn't make a buy— markets have fallen a ton and there isn't necessarily any mandate to buy a new stock every month. Roku and Pacific Biosciences have gotten torched; everything bought after September of last year is down 30%.
Addition for February: Opendoor $OPEN
My thoughts on Opendoor can be found here
Opendoor is a very risky bet. They're extremely early in what they're trying to do. Over 20 years, this will likely be either a 0 or home-run.