As expected, our new growth portfolio has gone down a tad bit after its impressive start and run-up, primarily because of BAKKT. BAKKT Holdings ran up to $49.10 but was inevitably going to come down a little bit. However, to my surprise, it’s holding up even stronger than I expected in the low mid $30s. But before BAKKT reached the 40’s it previously saw some support in its current zone. Will it hold up here or even take off back to the $40s? Nobody knows. But regardless of whether it falls back down to the $20s or takes off to the moon, I’m confident it will be higher in 5 or 10 years from now. Like our dividend portfolio, this growth portfolio is all about pacing yourself so try to remember that it’s a marathon and not a sprint.
Similar Posts
Build Business Credit Using These 8 Vendors
When you start a business, you might not be thinking you need to build business credit. But you’re usually on a tight budget, so finding inexpensive solutions to produce quality results is challenging. These days, it’s not hard to find cheap help or cheap products or services. But cheap usually means it’s not the best…
Investing in Growth Stocks During a Recession in 2022 & 2023
Are you thinking about investing in growth stocks during a recession? You must be out of your mind! growth stocks are the riskiest investments you can make during uncertain economic times. growth companies are typically young and unproven, and their share prices are highly sensitive to changes in the overall market. If the economy weakens,…
The Case for Dollar-Cost Averaging in 2022
Dollar-cost averaging is a technique used to invest in stocks or other securities at fixed intervals. This strategy involves investing a fixed sum of money into the market regularly instead of trying to time it perfectly by buying all your shares at once when prices are low. Dollar-cost averaging is an effective way for investors…
Dividend Stocks Are NOT Bad – 75% of the S&P 500 Returns Come from Dividends!
Do you know anyone successful without haters? Literally, even Will Smith or The Rock, some of the most positive and motivational humans on the planet even have haters. So there really shouldn’t be any surprises that dividend stocks also have haters. Most naysayers believe you should just focus on growth companies but I disagree. Now,…
5 Tips to Help You Take a Break from Your Business
Take a Break: Why Entrepreneurs and Freelancers Need to Rest Many of you know me from my videos about making money on TaskRabbit. When I was younger, I used to say, “I’m always on the grind” – which I was. Always working nonstop, I just kept going and going. Do you remember the Energizer Bunny?…
Emergency Savings Fund – Money Saving March Challenge / Day 4
Why an Emergency Savings Fund is Essential in 2023 and Beyond It’s Day 4 of our Money Saving March challenge. Today we’ll look at emergency savings funds: what they are, how they differ from regular savings accounts and retirement funds, why you need one, and how to fund your account. Let’s get started! What is…
