Profit taking, page-67

I am basically in the @vboy camp in that my portfolio started out diversified and is now essentially single-stock. Check this article out for some theory behind it disallowed/business/theres-a-lot-to-be-said-for-a-one-stock-portfolio-20110422-1drcp.html, thanks to vboy for sharing.

My portfolio was actually started with ~90% leverage using 0% balance transfers, small margin loan, and later on added low-rate personal loans. I am lucky to be in a job that pays a good income so even if my stocks went down for a long period of time I'd still be able to pay off my debt. I'd also be okay with it all going to zero, am still in my 20's. Currently my leverage is now only ~45%, eventual target is for leverage to be very low/ zero. In two years I have gone from managing a 50k portfolio to a 290k portfolio, and from 5k net assets to 150k net assets. Mostly due to Afterpay.



I have also set up an SMSF with esuperfund last year and put it mostly on Afterpay, returns so far are multiples higher than the benchmark so the higher cost associated with an SMSF is well worth it to me. I also have no leverage in my SMSF so this will keep me "honest" in how much I can return in the future with a zero-leverage portfolio.



I am lucky that reading company announcements, reading hotcopper, reading the AFR, following twitter, researching other metrics and modelling them together are all things that I have found a passion for. If you aren't passionate about investing then you probably wouldn't and shouldn't be holding a concentrated portfolio.

I spend ~4 hours average per day reading up on stocks, tracking alternative metrics on Afterpay, reading the news. One day I hope to quit my day job and be able to put more time into finding and tracking other stock opportunities and will definitely look to diversify once my portfolio is larger (target is $1 million). Have started putting little bits into other stocks, and a decent amount in one particular other stock, partly just to keep myself learning and diversify my investing skills and experience to not just Afterpay. One of the biggest risks I could see for me personally would be Afterpay being taken over, then putting all my cash onto another stock thinking my luck with Afterpay will just repeat without knowing much about the other stock(s).

I've read a few good articles these past few days that will be core to my portfolio strategy -

https://mattjoass.com/2018/10/10/3-lessons-from-a-31-percent-annual-return/
https://mattjoass.com/2018/11/10/inflection-point-investing/
https://microcapclub.com/2014/09/getting-started/

None of this is advice and I have never met or heard of anyone else following my own high-risk portfolio kickstarter strategy...