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Random investing story: a few years ago, my buddies and I used to write random blog posts about stuff we bought and then linked them to Amazon.
A few articles did well via SEO and the site started to make $20, $30 bucks per month. Some months, we even cleared $100...
A few articles did well via SEO and the site started to make $20, $30 bucks per month. Some months, we even cleared $100...
We decided to use Robinhood, which was sorta new at the time, to buy high yield dividend stocks so we could keep reinvesting and grow our little snowball. Stuff like $NRZ and $PGZ
The goal? Make enough in 10 years to fund a vacation for us and our families.
The goal? Make enough in 10 years to fund a vacation for us and our families.
Over a 4-year period, we invested nearly $3,500 into various stocks. Over $800 of that was reinvested dividends.
When the pandemic happened, many div stocks cut their dividends and also tanked in value.
When the pandemic happened, many div stocks cut their dividends and also tanked in value.
At the same time, I had become more interested in researching & buying growth stocks. I thought we could do better with bolder bets.
My friends and I agreed to cut our losses, sell off the div stocks, and reallocate our $$ into growth stocks.
My friends and I agreed to cut our losses, sell off the div stocks, and reallocate our $$ into growth stocks.
So in Sept, I sold all the positions, most of them at a loss, and had about $2,600 to spend.
I looked around for ideas and screened for companies I typically didn't invest in personally (tech, ecomm, cloud, media - check out some of my holdings here: https://www.peterkang.com/stock-investing/ )
I looked around for ideas and screened for companies I typically didn't invest in personally (tech, ecomm, cloud, media - check out some of my holdings here: https://www.peterkang.com/stock-investing/ )
I initially picked $NVTA which sounded promising with their medical genetic testing innovations and $XPEL which sells pain protection products for cars. These sounded like companies that could keep growing for the next 10+ years.
I also rolled the dice with $KBNT, a tiny ad tech company that perhaps could scale like $TTD or not. Just felt like being speculative. 
After making the bets, I didn't look for 3 months and then finally checked on them today. Results were pretty 
Up 75% for a gain of nearly $2k on my $2.6k investment. Not bad!
Obviously a long way to go to pay for any multi-family vacay though, but a good start.
Up 75% for a gain of nearly $2k on my $2.6k investment. Not bad!
Obviously a long way to go to pay for any multi-family vacay though, but a good start.
If you're curious about the blog that started all this, it's called Buys with Friends. Haven't been updated in a while, but still pulls in a few bucks. When I have enough, I'll add a few more shares of something new.
https://www.buyswithfriends.com/
Thx for reading this random story!
https://www.buyswithfriends.com/
Thx for reading this random story!
