My 2021 Stock Portfolio & Investing Plan Revealed | Summary and Q&A

TL;DR

In this video, Steven shares his stock investing plan for 2021, focusing on growing his position in the genomic space and providing an update on his current portfolio.

Key Insights

• 🛄 Steven's investment strategy focuses on aiming for above-average returns and not settling for being average.
• 🙃 He acknowledges the risk involved in his options bet on the ARK Genomics ETF but believes the potential upside outweighs it.
• 👯 Steven's goal of having a significant positive impact on over 1 billion people drives his desire to accumulate capital through investing.
• 🥺 The genomic space presents a unique challenge in finding specific companies to invest in, leading Steven to allocate his capital to the ARK Genomics ETF for now.
• ❓ Steven's enthusiasm for courses and commitment to learning and teaching is evident in his desire to create various educational content but prioritizes creating content for his YouTube audience.

Transcript

Read and summarize the transcript of this video on Glasp Reader (beta).

Questions & Answers

Q: Why did Steven sell his Google stock when he believes in its long-term growth?

Steven aims for above-average returns and felt that despite Google's strong performance, he wanted to pursue even higher returns, which he believes are possible in other investments.

Q: How does Steven plan to grow his position in the genomic space?

Steven currently invests in the ARK Genomics ETF, as he hasn't found specific companies that excite him yet. He plans to allocate more capital to the genomic space over time and potentially invest in individual companies in this sector.

Q: Where does Steven plan to allocate his capital if he finds an enormous opportunity?

While Steven is not attached to his Amazon and Tencent holdings, he would prefer to continue holding onto his Tesla stock, as he has an exceptionally high level of conviction in its potential for significant growth.

Q: How does Steven plan to come up with $500,000 to achieve his investment goal in the genomic space?

Steven estimates that he will earn around $250,000 from his various endeavors this year, which he can allocate to the genomic space. The remaining capital, he plans to try to generate through his options bet on the ARK Genomics ETF.

Summary & Key Takeaways

• Steven updates his stock portfolio, selling his Google stock despite believing in its long-term growth, to aim for above-average returns.

• His current portfolio predominantly consists of Tesla, with a smaller percentage allocated to Amazon, Tencent, and the ARK Genomics ETF.

• Steven's goal for 2021 is to grow his position in the genomic space to around 10% of his portfolio by value, overcoming the challenge of finding specific companies in this sector.