July Portfolio Update
Portfolio update for July - still sitting at around 15% cash. I remain cautious, but this has shrunk from the 20% or so I was sitting at last month.

This earnings season will see some of these positions reshuffle as I don't plan to add to anything until I can listen to management commentary on the current environment, guidance, etc.

You can check out my full post here but the highlights are:

  • Added to $NOW, $TSLA and $GOOG
  • Unity $U is joining $GDRX in the doghouse
  • $SHOP will require some patience to see how this year of reinvesting everything into growth plays out
  • No new positions

Nathan Worden's avatar
Also being patient with Shopify. Props for adding to Tesla!
Conor Mac's avatar
How do you weigh up the decision to hold so much cash vs inflation vs the current prices of securities you might be interested in buying?
Nine to Five Investing's avatar
@investmenttalk it has mostly just been a reserve in the event we get another significant leg down in the market. As the market shows more and more signs of establishing a bottom I’ll start to deploy it more aggressively. I don’t typically feel the need to have more than 3-5% cash sitting around. As for how I make that decision, if longer term moving averages are still in a steep decline I’m not really interested in getting heavily invested. When they start to flatten out I feel a bit more comfortable. It’s not perfect but it’s what works for me
Conor Mac's avatar
@ntfinvesting Great context, thanks man.

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