My investments are very fringe. (Again, I am not recommending anything to anyone. I am just recording my own experiences.) I own Ford Motor Company because I love the company. At the moment, everything else I own is based on my blind faith in the promise of 5G to change the world. I have spent a year trying to figure out who will profit the most from the 5G rollout and this meager portfolio represents my best guess.
If you'd like to invest in stocks, I will always recommend Robinhood. It takes a couple days to master the platform, and it lacks the tools necessary for hardcore daytrading, but everything about it is free (unless you sign up for the Gold package to conduct leveraged trades). If you use my link to sign up, we'll both get a free stock:
This weeks volatility hit my meager portfolio very hard. There were a couple of days when values dropped below $900, my total cash investment up to this point. At the moment my cash position is slightly improved because I received the dividend payments from Buckle. I only have two stocks still in a profit position: Buckle and NIU Technologies. Everything else is either breaking even or slightly below my average purchase price. Ford, for example:
I violated my own common practice and purchased Ford when it was above $9. During 2019 I made it a habit to sell when it passed $9 and buy when it dropped below $9. But in preparation for 2020, I grabbed a few shares at an average cost of $9.34, a price I would normally sell at. So I am not surprised it is already in a loss position, but at this time, I don't mind. I learned today that Rivian will be building the platform for the new electric SUV and truck Ford is releasing in 2020. Unfortunately, Rivian is a privately held joint venture between Amazon and Ford. Private investors can also buy in through the company's website, but the buyin is way above my ability to pay.
I did pick up ten shares of NIU this week. They make rental stands for electric bicycles. I have seen their stands in Waikiki and Medellin. I thought I saw them in Madrid, but those might have been a Spanish company. I'm not sure. I learned this week that NIU Technologies is a publicly traded company, so I dumped Patriot Transportation and used those funds to buy ten shares of NIU. After the 5G rollout is completed, the NIU Technologies infrastructure will be the perfect launch pad for something similar to the self-driving cab company that made such an entertaining comic relief in the movie, "Total Recall". To my pleasant surprise, they ended the week a few cents in the profit position:
Naturally, I cannot close this blog post without a screenshot of my portfolio. I ended the week slightly down, but thanks to Buckle and NIU, overall I am still above my $900 cash investment:
Trending downward is never a good sign, but I am not ready to panic. All of these stocks were purchased on the hope that in about July or August they will be in a strong profit position. Even if they are not, over the next five years all of these companies should do very well.