by Travis Johnson, Stock Gumshoe | April 30, 2021 6:14 pm
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Source URL: https://www.stockgumshoe.com/2021/04/friday-file-insurance-and-tech-updates-and-buys/
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Travis – excellent review of your portfolio as always . Your comments and incites are as instructive in portfolio management as an MBA class. You present a logical and methodical approach to all of your holdings. I look forward to your quarterly reviews as much as some of the highly touted shareholder letters that we all consider as wisdom from the mount. I share your affection for insurance companies and actually worked as a portfolio manager for a large insurance company. One of my largest holdings is Aflac, that I bought back in the 09 selloff. Surprised not one of your favorites as you seem to like niche players, with a true advantage. Again thanks for the review and keep up the fantastic reporting.
Thanks! Can’t buy them all.
Regardless of how much analysis and thinking you do, it’s a little crazy how much of an investing life comes down to that starting point — what catches your attention, for good or ill, at the time when you have extra cash.
Haha, my ex had like 5or 6 Aflac policies when she was working. I think she broke even though because she had a couple hospital stays.
I recently changed my Auto insurance from a big 5 “captive agent” company to GSHD Goosehead agent; she is one of the “green” agents coming online. Saved me $396 annually 27.4% on my two older 2011 & 2013 vehicles including doubling my liability coverage. I compared it to METRO Metromile, which saved me approx. 45% savings, but i liked the company Goosehead recommended with their App compared to Metromile’s plug in to OBD II to measure mileage. Although I like to deal locally, this agent is 110 miles away ; GSHD expanding into Pacific Northwest. Thanks to Travis first articles on GSHD and METRO, where I learned about them and bought some stock; in meantime i sold my METRO and added to GSHD. Also bought changed over Homeowners and Umbrella to GSHD. With my savings, perhaps I will buy some more GSHD!!
Glad to hear the “boots on the ground” experience, thanks!
You do such an great Job, Travis. But my wife doesn’t allow me to read via Internet on weekends anymore. Can you please write a book?
I, too, find the [book] format a most useful learning tool.
I’d buy the second copy!
Not related to this but could someone who watched the latest Stansberry promotion with its ‘final surge portfolio’ (no doubt to be followed by a Melt Down portfolio) tell me what the two tips were. I sat through almost all but got so fed up with the relentless hustling I had to give up. The time was not completely wasted as I was able to do some outstanding filing.
First one was ARQT. Second supposed to be some altcoin, felt asleep so wouldn’t know (ending too long )
The crypto recommendation from Eric Wade was VIDT Datalink. He suggested this coin fulfilled some functional niche in the blockchain related to NFTs. Priced $1.06, doesn’t trade on coinbase. Wouldn’t guess Eric or Matt gave away their best picks.
What is the Final Meltup that Steve Suggerud is going on about?
Late to the table, but I watched most of the 2hr+ show. Steve showed some charts supporting his notion that everything will go up dramatically right before it crashes. The program he is offering will recommend what to buy and when to sell. For $2495, that’s a discount on a year of Tradestops Pro, even if the portfolio and such is worth it or not. Ah, didn’t have that burning a hole in my pocket Thursday night. The two free picks were ARQT and crypto VIDT Datalink.
…and the 5 Stocks Purchased were…?
The stocks I buy or sell in a week are always noted in the Trade Note at the very top, part of the Quick Take. This week the stocks I bought were KNSL, MKL, GSHD, AMZN and MPW
Hi Travis — FYI for you on #MPW:
https://www.beckershospitalreview.com/hospital-transactions-and-valuation/medical-properties-trust-buys-5-florida-hospitals-for-900m.html?origin=CEOE&utm_source=CEOE&utm_medium=email&utm_content=newsletter&oly_enc_id=5778E1143145D9Y
Aw, man, I thought my homework days were over when I left school. I couldn’t watch the Berkshire annual meeting live but I will find it on Youtube.
Excellent quarterly review by you, Travis. I updated my buy list. I have to admit that after watching the stocks go up and down, I have been doing some trading . . . selling when they exit the buy under zone, and buying them back when they go back down into it. It seems to me that one of the big reasons to hold in the past (at least for small potatoes investors like me) was that the commissions could eat you up. Since there are no commissions for trading anymore, that reason no longer applies.
I remember reading horror stories about investors finding out their portfolios were depleted by their brokers’ constantly churning them for commissions.
I love reading about financial mismanagement by supposed professionals, like the guy in Orange County, CA who traded them into bankruptcy a couple decades ago. Then there are the bubbles. Reading about the tulip bulb bubble is just as fun as reading a good novel . . . . but now I am rambling.
True, commissions caused a lot of friction in the past — but the real risk of trading is that you have to be right at least three times (buying, selling, then buying again), and I think that’s exponentially harder than just being right once — buying the market or buying a great company at a rational price and holding on unless
It ceases to be great.
The biggest risk of trading is that you shift your mentality to shorter term gains, I think. When people ask how on earth you get to a 1,000% or 10,000% gain, the simple answer is also the hardest inclination to fight: you can only get there if you don’t sell at 100% or 200% gains. Yes, you also have to pick some great companies, and stocks don’t all go up all the time so we need to manage risk, too — but for most of us, the biggest risk is the reactionary signals coming out from between our ears.
I’ve been spending too much time on wallstreetbets. I bought the stocks back and am going to hold them now. I have almost everything on your list that is in the buy under zone.
I like being able to buy into a stock, sell when it goes up and capture the dividend as well. ATAX DID ME GOOD!!
Travis,
Any thoughts on Portofino? (POR.V). They have filed an Environmental Impact Report, with drilling to commence soon. Lithium and gold space. Thanks
Trade Note: A couple Stop Losses
A couple of the speculative positions in my Real Money Portfolio hit stop loss levels in recent days, though I had a trading embargo on both names and was not able to act on those stops immediately. Today that lifts, so I have now sold out of Intrusion (INTZ) and Teladoc (TDOC).
I’m a little torn on both of those names, to be clear — I still think Teladoc has a chance at a very bright future in telemedicine… but their guidance was weak, the high price they paid for Livongo means they don’t have as much of a capital advantage over competitors, and there’s a lot unknown about the post-COVID world and telemedicine. But I have not had a good handle on this stock over the years, despite my feeling that they are well situated, so my experiment with the shares ends here in a second stop loss — overall, I’ve bought and sold Teladoc a bunch of times since 2018 and I come out of the whole experience almost flat (with a 1% loss, I think, I’ll have to tally the totals).
And Intrusion (INTZ) has not changed in its outlook, in my opinion, it’s still a “show me” stock that I’ll believe once they establish some kind of sales momentum… if they do. Their first couple sales were a good sign, but the commentary on the call was also quite wishy-washy about the time it will take to ramp up to meaningful sales. My inclination would actually be to hold on and see how it plays out over time, since this is a very small position, but given the uncertainty I’ll take the loss for now and consider re-entering if the visibility improves meaningfully in the next couple quarters.
Much more detailed thoughts coming tomorrow, but I’ve promised to share trades of meaningful size on the same day so that’s your quick update. The two positioned combined were about 1% of my portfolio, and the sales were close to $150 and $10 per share, respectively, both well below the stop-loss levels they hit earlier in the week, the details will be in the Real Money Update on Friday.
What are the odds that a company called Intrusion (INTZ) wins an award for having the Most Innovative Intrusion Detection System? It’s time to buy back in with both hands and follow Dogecoin to the moon!
https://finance.yahoo.com/news/intrusion-announced-winner-coveted-9th-162700958.html
Or perhaps it’s time to go all in on Boot Barn (BOOT) while it’s only trading at 8 times its pandemic low from last March.
#The Markets Can Remain Irrational Longer Than You Can Remain Solvent