No. of Recommendations: 0
Yes, thanks to following Saul's board over the past 2 years, I'm up 34% year to date, and have achieved my financial independence goals at least 7 years ahead of schedule. An investor duplicating Saul's buys and sells would have quadrupled his money over the past 27 months, which is an astounding result. For example, a $250K portfolio starting Jan. 1, 2017 would be worth $1 million today.

Saul's post today explaining how he's up 37% this quarter is a must read: https://boards.fool.com/my-portfolio-at-the-end-of-mar-2019-......

Don't expect these returns every year, though. Longer term, Saul's CAGR from Jan. 2000 through today is 22.5%. Compounded, that means that a $100K portfolio managed by Saul that was started on Jan. 1, 2000 would be worth almost $5 million today.

My holdings and allocations are not quite the same as Saul's, but my YTD return is similar. My biggest holdings are shown below.

My Portfolio's Performance - Year to Date

Return
Symbol Description YTD Return Since Purch. Status
====== =========== ========== ============ ==============================
MDB MongoDB +84% +185% Holding (11 mos. since purch.)
ZS Zscaler +78% + 92% Holding (7 mos.)
TTD Trade Desk +71% +138% Holding (11 mos.)
TWLO Twilio +48% +281% Holding (15 mos.)
AYX Alteryx +45% +163% Holding (15 mos.)
OKTA Okta +32% + 54% Holding (10 mos.)
SQ Square +32% + 50% Holding (15 mos.)
AMZN Amazon +16% +368% Holding (49 mos.)
NTNX Nutanix - 30% Sold 3/1/2019
NEWR New Relic - 18% Sold 1/2/2019


My Perspective on This
Firstly, my philosophy now is to hold winners as long as possible (at least 3 years), as long as the growth numbers stay intact after each quarterly earnings call. Sell only when a company disappoints after an earnings call. And do absolutely nothing between earnings calls. I ignore any FUD news, ignore CNBC, ignore market timing signals, ignore market prognosticators, ignore bottom callers and top callers, etc. As an example of FUD news, MongoDB declined over 10% about a month ago because Amazon announced a competing product. But MSFT tried to compete in the same way years ago and failed. I did nothing, and MDB went up 50% since that news.

Secondly, I'm quite comfortable holding a concentrated basket of SaaS companies and tech companies, because I know their products very well. The company where I work uses Twilio, Zscaler, MongoDB and Okta quite heavily, and so do our customers. SaaS may be one of the best business models ever invented. Imagine a perpetually recurring subscription-based revenue stream with a gross margin of over 85% (software is free to deliver at the margin). All of the above companies have 9-figure annual revenue streams that are growing at least at 30%, and, in some cases, 65%+.

Thirdly, I don't confuse risk with volatility. My portfolio was up 15% overall last year, beating the market by 20 percentage points. But I had a drawdown of 20% on the way to being up 15%, and that was just volatility, not risk. If I incur another 20% drawdown after being up 35% this year, I'm perfectly OK with that. I'm no good at market timing. Never have been.

Ron


I have been reading through his board, and your post is very helpful. Thank you for it.
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