This mental unburdening also allows me to post more journal-like posts, my current investment preferences. It feels like a nice succinct collection of everything I've learned and done investing-wise in the past two years. Hopefully it'll be nice to reflect on in years to come.
My current portfolio:
- Passive ETFs (65%) – Prior to business school, I followed the wisdom of Jack Bogle and Charley Ellis. The appeal: low cost and low time commitment, perfect for someone who didn’t have time to research individual stocks.
- Cash (money-market) (20%) – In the past couple years, I’ve built up a small cash cushion. The reason: (i) the market has performed well, so de-risk, (ii) I want to have liquidity to invest (e.g. in a house, in stocks) “when others are fearful.”
- Real estate (10%) – My wife and I maintain a cash-flow-positive rental with a low mortgage in a good location.
- Deep conviction investments (5%) – This includes companies I think are valued/positioned well (e.g. GOOGL), a “fun” investment in a local climbing gym, and trading experiments (VIX put in April 2025, short-term quantum holds in 2024).
My goals now:
- Diversification – I’m nervous about my large US ETF exposure and am actively diversifying internationally. I’ve also considered (but not yet implemented) protective puts against the market for downside protection.
- Increased risk – As I shift from grad student to salaried employee, I hope to shift my ETFs/cash buckets into “deep conviction” investments.
- Conviction – I aspire to invest with grounded, fundamentals-based conviction. I’m working on building software tools and frameworks to analyze stocks, industries, and start-ups in a way I can trust.
- Practice – I’ve said no to angel investments in start-ups and a VC fund, and I hope to continue evaluating investments across asset classes.
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