$5M Portfolio Goal Achieved!
With the run up in PayPal’s stock yesterday (and a portfolio that was for the most part ~90% in that one stock since 4 months ago), I decided to finally and substantially trim that position.
Throughout my 4 month PayPal hold, I went from being up 720K at one point early on to being down 30K after the last earnings call, and now finally back up just about 1 million all in (realized + unrealized + dividends).
To be honest, I was quite surprised how well I took the swings and didn’t let it bother my life. This was all possible because I separated the stock price movements from the many hours of underlying research that had lead me to invest in the first place, such as their net cash position + massive free cash flow + massive share repurchases, all while trading at only about 7x earnings at the time. I had a sense that I had put the hard work in and I just had to surrender the result to time and patience letting things play out.
Thankful to God for each lesson I’ve learned on my investing journey. I’m still learning each day how to analyze companies better and hopefully to find multiple strong equities that are compelling enough I can diversify while getting good value and having to avoid speculative stocks that trade at sky high multiples built on optimism.
