Hey, great write up, it sure has been a challenging year. I see TTD is your largest position, I have been reducing mine to account for the potential cookie risks. It looks ok at the moment due to the delay, but still will unified 2.0 work? I still like this company a lot. But need to allocate appropriately. Your last point about FI is interesting and something I have been thinking about. How much do you need? If you can earn 20% per annum returns then you only need 180k in an ISA, 360k @ 10% and 720k @ 5%. All depends on the risk you want to take to earn your FI 😎
On position sizing - I don't pretend that I know in advance which of my ideas will perform most strongly, so I don't try. if I have a high confidence in an idea, I tend to allocate ~$10K to it and let it run - the concentration is an output, not an input if you see what I mean. If I have less confidence or have some yellow flags, it gets less (see BZUN, NVTA, API) allocation
As for cookies and UID - I don't know for sure, but have confidence in Jeff Green to figure it out. Not everyone feels the same and there are no certainties. He's broken down his thoughts on it a number of times - take a look at the TTD YouTube channel.
In term of how much you need for FI - it just depends on your circumstances. True independence would be covering our joint income with a 10% annual return imo - so a long way to go!
Food for thought definitely. Successful Investing does require letting winners run! I had invested late to the TTD party around $700 so the risk reward was not as good as yours. Growth stock investing for income can give you higher than 10% but got to have the stomach for it and hard when most of the time you have to invest for the long term. Terry Smith seems to make it work!
Hey, great write up, it sure has been a challenging year. I see TTD is your largest position, I have been reducing mine to account for the potential cookie risks. It looks ok at the moment due to the delay, but still will unified 2.0 work? I still like this company a lot. But need to allocate appropriately. Your last point about FI is interesting and something I have been thinking about. How much do you need? If you can earn 20% per annum returns then you only need 180k in an ISA, 360k @ 10% and 720k @ 5%. All depends on the risk you want to take to earn your FI 😎
Thanks for the thoughts and feedback!
On position sizing - I don't pretend that I know in advance which of my ideas will perform most strongly, so I don't try. if I have a high confidence in an idea, I tend to allocate ~$10K to it and let it run - the concentration is an output, not an input if you see what I mean. If I have less confidence or have some yellow flags, it gets less (see BZUN, NVTA, API) allocation
As for cookies and UID - I don't know for sure, but have confidence in Jeff Green to figure it out. Not everyone feels the same and there are no certainties. He's broken down his thoughts on it a number of times - take a look at the TTD YouTube channel.
In term of how much you need for FI - it just depends on your circumstances. True independence would be covering our joint income with a 10% annual return imo - so a long way to go!
Food for thought definitely. Successful Investing does require letting winners run! I had invested late to the TTD party around $700 so the risk reward was not as good as yours. Growth stock investing for income can give you higher than 10% but got to have the stomach for it and hard when most of the time you have to invest for the long term. Terry Smith seems to make it work!