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No. of Recommendations: 4
We rebalance the Carefree Cloud Port once a year at the end of the year.
We keep it simple. We sell everything and start the new year fresh by using
the cash received to buy all new positions. This sounds like a lot of work,
but it only took me 1/2 hour. My broker's feature of fractional shares makes it easy.

We construct the Carefree Cloud Port with 50 equal weighted positions. Each position
has a weight of 2%. We choose the 50 stocks from the EMCLOUD Index by scoring
each stock by revenue growth and free cash flow margin. We select the 50 with the
highest combined score.

So, on Friday 12/31/2021, we sold 46 positions. We added this cash to the cash
we received from the sale of 4 firms that were acquired during the year. We used
this total cash to buy 50 new positions from the EMCLOUD Index. Those 50 stocks
will make up the Carefree Cloud Port going forward from 1/1/2022. The 50 stocks and
purchase prices are listed below.

This is a real-money port. However, a 100% permanent loss here wouldn't affect
my retirement or other financial goals one bit. In other words, heads I win, tails
I get a flesh wound, but it doesn't kill me. That's the real reason this portfolio
is carefree, not just because there's no work or study or skill required.

Happy New Year!
Ears

Cost Basis
Symbol Name Per Share
------ ----------------------- ----------
ADBE Adobe Systems 566.49
AI C3 Ai 32.10
API Agora 16.95
APPF Appfolio 120.62
ASAN Asana 76.84
AVLR Avalara 132.79
BIGC Bigcommerce Hldgs 35.51
BILL Bill Com 254.85
BL Blackline 103.84
BOX Box 26.55
COUP Coupa Software 160.47
CRM Salesforce 255.01
CRWD Crowdstrike 206.80
DBX Dropbox 24.62
DDOG Datadog 180.85
DOCU Docusign 154.39
ESTC Elastic N V 124.20
EVBG Everbridge 67.52
FROG JFrog Ltd 30.91
HUBS Hubspot 668.49
MIME Mimecast Limited 79.35
MNTV Momentive Global 21.54
NCNO Ncino 56.03
NET Cloudflare Com 133.44
NOW Servicenow 657.60
OKTA Okta 226.75
PATH Uipath 43.95
PAYC Paycom Software 416.15
PCTY Paylocity 238.20
PD Pagerduty 35.66
PLAN Anaplan 46.37
PYPL Paypal 189.96
QLYS Qualys 140.77
RNG Ringcentral 191.00
SHOP Shopify 1,395.31
SMAR Smartsheet 77.79
SNOW Snowflake 344.36
SPT Sprout Social 92.78
SQ Block 162.36
TEAM Atlassian 386.40
TENB Tenable Hldgs 56.06
TWLO Twilio 266.84
VEEV Veeva Systems 258.46
WDAY Workday 276.43
WIX Wix.Com 158.39
WK Workiva 131.30
XM Qualtrics Intl 35.92
ZEN Zendesk 104.85
ZM Zoom 187.00
ZS Zscaler 324.20
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