I Just Sold This Stock & Bought A New Stock (portfolio update) | Summary and Q&A

TL;DR

Steven shares updates on his stock portfolio, including his purchases of Tesla and Crisper stocks, as well as his decision to sell 10 Cent stock.

Key Insights

• 🙈 Steven remains confident in Tesla's growth potential and sees it as a store of wealth for the long term.
• 😇 He made a strategic decision to sell 10 Cent stock to allocate capital to potentially better opportunities.
• 👶 Crisper Therapeutics represents a new and rare addition to Steven's stock portfolio, driven by his belief in the genomic technology's long-term prospects.
• 🤔 Steven emphasizes the importance of independent thinking in investing and discourages blindly copying trades.
• ❓ He acknowledges the upcoming earnings report for Crisper Therapeutics could impact the stock's performance and advises caution.
• 😷 Steven encourages engagement from viewers, asking if they own any genomic stocks and seeking their thoughts and suggestions.
• 🫵 He offers links and options for viewers to support the channel, such as through Patreon or becoming a member.

Transcript

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Questions & Answers

Q: Did Steven buy any Bitcoin?

No, Steven currently does not own any Bitcoin, although he sees potential for its short to medium-term upside. The focus of this update is his stock portfolio.

Q: Why does Steven continue to buy Tesla stock?

Steven believes there is still significant growth potential for Tesla, expecting it to at least 5x in value. He views Tesla stock as a long-term investment and a store of wealth.

Q: Why did Steven sell his 10 Cent stock?

Despite being bullish on 10 Cent and acknowledging its potential for further growth, Steven decided to sell to free up capital for potentially better opportunities elsewhere in the market.

Q: Why did Steven buy Crisper Therapeutics stock?

After considering the best use of his capital and potential returns, Steven decided to initiate a new position in Crisper Therapeutics. He sees the genomic technology as having long-term potential, although acknowledges the higher level of risk.

Summary & Key Takeaways

• Steven has bought more Tesla stock, as he believes there is still plenty of growth ahead for the company.

• He has completely sold out of his 10 Cent stock, with a good gain, to free up capital for potentially better opportunities.

• Steven has initiated a new position by buying Crisper Therapeutics stock, seeing long-term potential in the genomic technology.