I decided to take some money off the board from my Nvidia ($NVDA
) and Upstart ($UPST
For Nvidia, even I'm stunned by the YTD run up, 113% at the time of this writing. I first bought in May 2021 at $144.54/sh. I sold 50% of my shares yesterday at $307.95/sh. My remaining position is roughly equal to my initial investment and I'm now playing with house money. No plans to sell these shares and if recent history repeats itself and Nvidia has a significant drop, I'll re-add shares.
As for Upstart, it had become one of my top 5 positions by total cost basis, which even I was slightly uncomfortable with. I had recently added shares in March at $13.20/sh. After watching this rally (short squeeze?) over the past two weeks, a jump of 86%, I decided to bring my cost basis down a bit by selling those March shares at $27.67/sh. By total cost basis, it's now my 14th largest position instead of 5th. That makes me more comfortable. I'm still deep in the hole on Upstart but I remain a believer in their AI.
The cash in my IRA portfolio has now grown to nearly 8%, an abnormally high number. It's my 2nd largest position in that portfolio. I plan to be opportunistic in adding to existing positions. I currently have no plans to open any new positions although I continue to watch ~a dozen companies, including $AXON
, and $ZYXI