Adding to 3 Positions
“The secret to investing is to figure out the value of something – and then pay a lot less.”
- Joel Greenblatt
The Portfolio
The portfolio is up over +4.00% so far this year
Our benchmark index, the S&P 500 is up about +1.68% YTD.
If you're interested in the stock market, are looking for diversification or growth please feel free to connect me. I'm always available to talk, maybe provide some new ideas or to present to your group. clay@claybaker.com
Adding to three positions
These three stocks gave us a good place to add a few shares.
Today's BUYs
Coherus (CHRS): Bought 125 shares @ $19.11
This is a new holding. I was waiting for a lower price, but today we learned about a new drug that Coherus has licensed from Chinese Biotech Innovent. Once investors digest what this drug means for Coherus I suspect the share price will reflect the added value.
MarketAxess Holdings (MKTX): Bought 7 shares @ $365.98
This is an existing holding where we owned 3 shares. On todays pull back I added 7 shares. As a company that benefits from market volatility, I'm happy to own more of this company.
NVIDIA (NVDA): Bought 10 shares @ $247
This is an existing holding. I added 10 shares on today's pull back and will likely add again in the future. NVDA is a core holding that I'm not likely to ever sell. Todays pull back is based on perceived competition from AMD in a slice of Nvidia's business. I disagree with investors who are selling it off.
"Markets don't go to zero, Portfolio's do.
Buy quality, be patient...and look twice for motorcycles."
- Clay Baker
Stay Invested,
Clay Baker
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Keep Me Honest 2019
S&P 500 declines to 2,350 or more (1-3-2019)
Healthcare and Biotech sectors outperform (1-3-2019)
S&P reaches 3,000 by year end (1-11-2019)
CSCO reaches $60/share (1-18-2019)
VEEV reaches $145/share (2-14-2019) (achieved $145.23 on 5-10-2019)
CVS reaches $91.50 (2-27-2019)
Bull market takes another leg up (4-7-2019)
The Fed will lower rates 1-2 times (5-13-2019)
Clay's Rules
Rule #1: Don't lose money
Rule #2: See Rule #1
Rule #3: Portfolios go to zero, markets don't, Stay Invested
Rule #4: When a good stock you own drops 10% below your cost basis, add shares
Rule #5: Bull markets aren't sustained without the Transports
Rule #6: When Forward P/E is lower than TTM P/E, expect earnings to increase
Rule #7: When an investment bank sells below book value, buy it
Rule #8: Tips are for waiters. Do your own homework.
Rule #9: Don't sell a stock because you're bored with it. Do your own homework.
Disclosure: I am personally invested long in some or all of these stocks or funds that appear in the Stay Invested portfolio and may purchase or sell shares within the next 72 hours. I am also invested in other stocks and funds that do not appear in the Stay Invested portfolio but may be mentioned or related to this article. It is not my intention to advise or encourage the purchase or sale of any security. I am invested long in these securities mentioned in this post:
HD, AMRN, BSTC, CVS, CSCO, VEEV, STZ, AMZN, NVDA, BCRX, GS, BDSI, VEEV, VTI, GLD, HD, AWR, XLNX, MRVL, NBRV
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. This article is not intended to offer investing advice, guarantee 100% accurate predictions, or to be interpreted as providing a personal recommendation.