Introducing myself and the Zingy Portfolio
I'm the guy who did what you're not supposed to do: Several years ago, I was a space nerd and I had full conviction in a tiny, $2B market cap company: $RKLB
I actually invested around the time of the IPO, building a modest position when the price was hovering between $10 and $15. Then, the speculative covid bubble burst, and the price plummeted to around $4 for a very long time.
Being down 60%, I didn't panic sell. In fact, I doubled & tripled down several times. My final position was 5,500 shares at a cost basis of $5.95 USD. At the time, this was half my contribution room in my TFSA, which worked out to ~$42k CAD.
There are many stories where a huge bet like this doesn't pan out, but in my case it succeeded tremendously. At RKLB's peak price, my TFSA was valued at $1.1M... as it stands now, my port is worth just under $800k as of this post.
Dealing with both a hypervolatile portfolio and hectic life circumstances have numbed me to the day to day fluctuations of the market. At least, that has been my personal experience.
I have had days where my portfolio is up almost $200k and days where I was down over $100k. These single-day fluctuations are greater than my annual salary at my day job. Crazy to think about, but I have been able to maintain a mental disconnect between the numbers on the screen and my day to day emotions.
Have I trimmed? Yes. I sold 500 shares when RKLB was around $130. This doubled my initial investment and I only gave up 9% of my total position. I know the wise thing to do is to de-risk further, but RKLB is still my biggest conviction play and I am willing to let it ride as I don't need the money right now.
If you want my future long-term picks, those would be $GRAB and $KLAR . The proceeds of my 500 share RKLB trim primarily went into these two stocks. Yes... I am still trying to beat the market. Stock picking generally doesn't work out in the long run, but I am having fun and I am confident in my theses for these two companies.
I'll make another post in the future regarding my reasoning, so please follow if you find this stuff interesting or if you want to laugh at me if I lose it all. 😆
