Top 5 Stocks in my Robinhood
Robinhood Portfolio Reveal
In this first Island installment of this Robinhood series, I’ll share with you the top 5 stocks that I currently hold in terms of total equity, or how much money I have invested in each stock. This is not professional advice in regards to your own investments, but merely a way to share and be transparent on our investing choices. Together, we can learn more about different stocks and embark on a journey of ~financial freedom~.
1, FNGU (8% of Portfolio)
FNGU has been my pride and joy ever since I started buying shares of it in college. FNGU is an ETF, or exchanged-traded fund, that tracks the movements of 10 different stocks. Its name is similar and represents the high-flying FANG stocks of today’s tech era. What makes FNGU interesting, is that it is a 3x leveraged ETF. This means that for every 1% move from the 10 stocks, FNGU multiples that by 3x, resulting in a 3% move. FNGU is a risky asset that you shouldn’t allocate a large size of your portfolio in. However, if you are a believer in the bull market, and in the “FANG” stocks, then FNGU could be worthy of a small allocation in your portfolio. I bought FNGU at an average cost of $4.43, up 900+% to its current price of $45+.
2. TQQQ (5% of Portfolio)
Somewhat similar to FNGU, TQQQ is also a 3x leveraged ETF fund that tracks the movements of QQQ, or the 100 largest tech firms on the NASDAQ. If you are a believer in tech and want a more risky, leveraged position, then allocating a small portion of your portfolio to TQQQ could be an option. A major caveat to TQQQ, FNGU, and other 3x leveraged funds is that you run the risk of losing a sizable portion of your portfolio if an extremely red day occurs. Although unlikely, if a market day results in a 33% downturn, your holdings would decimate to a 99% loss due to its 3x leveraged position. Even though this is unlikely, allocating only a small portion of your portfolio to these 3x leveraged positions is wise. I bought TQQQ at $29.25 a share, up 450%+ to its current value of $160+.
3. Square (4% of Portfolio)
With the rise of Fintech, comes the dominance of Square in an ever-increasing cashless society. Combined with its growth of new apps such as CashApp, Square has been a rewarding stock in my portfolio. The ecosystem of fintech is alluring, and its investments with the growing emergence of cryptocurrency make Square a holding that I’ll likely keep for a very long time. I bought Square at $68.41, up +230% to its current price of $225+.
4. Paypal (3% of Portfolio)
Similar to Square, Paypal has been a prime beneficiary of the growth of fintech and the cashless society. The ecosystem of Paypal is also extremely strong, with its ownership of Braintree, Venmo, Xoom, and Paypal itself. As e-commerce grows, Paypal will grow with it as consumers can utilize Paypal to conduct transactions in a safe, and effortless way. I bought Paypal at an average cost of $115.34, up 75+% to its current price of $200+.
5. Apple (3% of Portfolio)
My fifth-largest holding is nothing other than Apple, a consumer staple in almost every household. Aside from the fact that almost everyone I know has an iPhone, an appealing factor for Apple is its growing ecosystem of products. Once you are in, they essentially trap you into buying other products and services that are compatible with your iPhone, such as AirPods or iCloud services. Apple is also increasingly growing in their services category, where it can inevitably yield higher margins which results in company profits. Their cash moat is also appealing, as it can have the flexibility to buy out other smaller companies, or increasingly buy back shares to inflate their share price up. Apple is certainly a staple in my portfolio, and not a lot of people can argue otherwise for yours. I owned Apple at $78 a share, up 90+% to $148+ currently.
Thanks for hopping on this island! If you have any suggestions on new topics, let us know. To learn more about investing, head over to https://www.menti.club/investing for more articles.
