ninetofiveinvesting.substack.com
Portfolio Update 5/6
I post portfolio updates on Twitter regularly but I wanted to publish a weekly summary of my buys/sells. This has been a hectic week with several companies I own reporting earnings. My general strategy around earnings season is to sit on my current cash until I am able to dig into earnings transcripts and results. I do this because I want to 1) confirm that my thesis is still intact and 2) avoid buying during earnings volatility. For a long-term investor, it doesn’t make a huge difference if I buy at $50 or $55, but it’s better for my mental health if I don’t buy and immediately experience a 20% loss on my purchase. Unfortunately, this has been an exceedingly brutal week to report earnings, so even post-earnings purchases have seen a lot of downside. With that being said, here are my moves for the week ending 5/6: