Albert

End of Q4 2021 portfolio $SHOP 15% $TSLA 10% $MELI 10% $AMZN 10% $NFLX 7% $ISRG 5% $GOOGL 4% $SE 4% $DIS 3% $ZS 3% $TTD 2% $NET 2% $SBUX 2% $SQ 2% $U 2% $NVDA 2% $TWLO 2% $PYPL 2% $CRWD 2%

I've beaten the market by a huge margin over the last 20 years, here's my investing secret. Many people think of investing as a get-rich-quick scheme, but the real magic is in the power of compounding. I started investing in 2004, and my portfolio has grown at an average rate of over 20% per year! In comparison, the UK's FTSE 100 grew by only 2.9% annually. A £1,000 investment in 2004 would be worth £1,720 today (plus dividends). The US S&P 500 fared much better, turning £1,000 into £4,270. My personal strategy? It's outperformed both of these benchmarks significantly. Had you invested £1,000 with me in 2004, you'd have £32,160 today. This isn't bragging; it's showing what a long-term, diversified approach can do! Want my market-beating strategy? I've spent the last 50 days breaking it down step-by-step in this epic thread. Retweet for others to see! Curious about investing? Check out my weekly podcast for more market beating wisdom (link in bio)

Being an investor for 19 years allowed me to 'semi-retire' in my forties to focus on managing my portfolio professionally. My primary goal when making investments has always been to seek out high-quality companies well-positioned to serve society's needs and demands a year or ten years from now. This strategy has served me well through good times and bad, and despite a painful drawdown in 2021/22, I've still yielded a 20.8% CAGR over my investing lifetime. Every few years I undertake a full portfolio review to look for learnings and opportunities to improve my investment processes. This time around, I did it all right here on Twitter. I've owned over 100 different stocks over the decades, but here's a recap of twenty of my most significant current and past positions, and how I've thought about each one at each stage of the investing journey.

@Robin55604127 @7LukeHallard Now if only he would eat his vegetables

@7LukeHallard Income stocks?! @AlbertTelescope must be so proud!

I allow my confidence to dictate the number of companies in my portfolio. During unpredictable times (right now) I prefer to place lots of bets and simply let the market show me who the winners are. Today I own 48 stocks, when my confidence improves I'll rein that back to ~25

@7LukeHallard @profgalloway Thanks for the reminder! Was going to check if the S-1 was really that ridiculous and then promptly forgot after watching the Dropout and fact checked something in that instead!

Up to ep7 of #WeCrashed. It's a docudrama so I guess you can't really call it a spoiler, but I couldn't help but go back to @profgalloway's pretty hilarious review of the $WE S-1. Worth a read if you missed this bit of corporate history at the time😹 profgalloway.com/wewtf/

@7LukeHallard @enigmack09 Monitoring all your reckless behaviour would be a full-time job.

@enigmack09 You're my 'accountability partner' now @AlbertTelescope. Luckily for you, you're only responsible for my behaviour in the financial markets.

On this week's 7investing podcast, I get into some of the disciplines I've developed over the last 20 years as a long-term buy and hold investor, including managing your emotions, diversification without damaging growth, and how to spot a great investment anchor.fm/7investing/epi…

@7LukeHallard @7Innovator @7investing Likewise buddy. We had an amazing run at Telescope Investing and personally, I gained a lot from the experience. You are joining a fantastic team at 7investing, and I will be keeping a close eye on you there!

@AlbertTelescope @7Innovator @7investing It's been amazing fun over the last 72 episodes, but the 'Luke & Albert show💕' has really been running for 25 years, and nothing is going to change that! I've treasured every day of our friendship (even the moaning and complaining), he's improved my own life in innumerable ways.

It’s been a few weeks since the last episode of the pod, but there is a good reason! We have exciting news - Luke has joined the @7investing team as a lead advisor! Catch our last episode of the pod for now, at least until @7LukeHallard retires again! telescopeinvesting.com/podcast-72-a-b…

@Monevator @LukeTelescope I guess that’s one way to look at it!

@LukeTelescope @AlbertTelescope Rough day for our growth stocks. At least the 2022 model portfolio should bank a much more promising cost basis! ;) :)

Consolidation was a focus for Q4 and while I exited 4 stocks, I initiated 2, so not a lot of progress on that front. I took the opportunity to add to some positions that are long-term holds that had I felt had been oversold.

Q4 was brutal for growth stocks and am grateful that I’m showing a positive return for the year. I was lucky that most of my larger positions came out of Q4 relatively unscathed or higher, most notably $TSLA, and a strong showing in smaller positions in $ZS, $TTD, and $NET.

End of Q4 2021 portfolio $SHOP 15% $TSLA 10% $MELI 10% $AMZN 10% $NFLX 7% $ISRG 5% $GOOGL 4% $SE 4% $DIS 3% $ZS 3% $TTD 2% $NET 2% $SBUX 2% $SQ 2% $U 2% $NVDA 2% $TWLO 2% $PYPL 2% $CRWD 2%

#DOCU said that after 6 quarters of accelerated growth, customers are returning to more normalized buying patterns. This news sent the stock down over 40% erasing gains YTD. DocuSign commands 70% of the #esignature market and still expects to grow revenues 39% YoY for the year.

$MGNI the leading supply-side #programmatic #advertising platform announced a share #buyback program. While only amounting to about 2% of the shares, a buyback by such a small company raises questions over whether the money could be better used to grow the business instead.

It’s time for @LukeTelescope and I to see how our model portfolio has done after a year and it did not make for pleasant reading! Possibly valuations were stretched and a pullback was to be expected but the thesis remains intact for most of the stocks. telescopeinvesting.com/episode-71-mod…