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August update | Solana, NFT & AFFIRM
Here goes my second update! Here's my previous July update, if anyone is interested https://share.commonstock.com/vqemSwXScjb

Overall the portfolio was up by 6.45% compared to S&P500 2.66%. I’ll call it a win.

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YTD Portfolio up by 33.85% compared to S&P500 20.87%. 2021 has been a rocky year :)

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This month was highlighted by my going to a rabbit hole of $SOL.X and aping 3k USD in NFT's in last 2 weeks :D

Bought the first bunch of 50 $SOL.X after trying 1 week on OpenSea and realizing the gas fees is crazy just to list my NFT back! It was too much cost for learnings and playing with NFT's. So I moved onto the Solana ecosystem and boy I was not disappointed.

Since then (which has just been a week), I bought 1 Solpunk, 1 badger and minted 2 Thugbirdz :D. Failed in 5 different mints. It's crazy out here! Every NFT is getting sold out in seconds.




Also, listed my second NFT that I bought on OpenSea. Which just got 6 offers in last 24 hours.


To fund this, sold some ETH from Robinhood and all my BTC (which was small amount). I have still a lot of runaway to ape more. Looking to mint as much as I can. Still haven't been able to filp anything. But, will rejoice really hard when I'll sell my first :D

And I think it's good for my stock portfolio as well. It'll allow me to not panic and sell anything like the $MRNA and $NET trade because I'll be busy aping in the NFT and Crypto market.

In stocks, the highlight this month for me was the $AFRM bull gain, I bought $AFRM at IPO and I am really bullish on the stock. There's a famous saying in Fintech, you can only make money via BNPL or bundling. Rest everything is an acquisition cost. The massive base of risk assessment that $AFRM is building would be hard to beat.

Apart from that added $TWLO and $COIN on the dip (obviously), started new positions in $UBER, $TWTR and $CMG (following my conviction of buying stocks in products I use a lot and are fan of) and bought the great dip of $PINS.

In crypto started new positions in $ATOM.X, Polkadot, $WLUNA.X and $HBAR.X. Gonna run algo trades on them. Already booked 40% upside on $ATOM.X.

Also, decided to unlink my crypto portfolio from Commonstock and follow both of them separately. Only crypto left in my Commonstock is the ETH and Dodge I own in my $HOOD account. Crypto trading will skew up the real growth MOM.

So finally I am aping in the world of Crypto! It'll be fun and I am mentally prepared to loose every penny I am putting in :)

Gaurav Mishra's avatar
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