I often talk about the Pillars that act as a beacon
guiding my life, business, and financial decisions so I like to revisit those
from time to time.
Urbanomics Pillars: “Spiritual”, “Financial”, “Physical”,
and “Mental”
We often preach about balance and diversification in the financial
world but how often do people consider this in their day to day loves.
Financial –
I’ve been moving
comma’s so don’t start no trouble with me…
I hear you Drake, keep moving those commas. My mission is
to do the same while helping people in the process. But before I get started I’d
like to remind people of the incident at Starbucks this past week. Can you
imagine getting kicked out of a coffee shop just because of the color of your
skin…and my response is YES. Those young
gentlemen were having a business meeting, trying to move comma’s but trouble, haters…and
risk interrupted their lives. This is
not an isolated incident for many of us so I ask for them to stay strong and
rely on their other Pillars for balance and keep pushing forward. Here are my views on all things financial:
Stock Market - Again, you won’t find me writing much
about the stock market these days because things are steady. I said a few years ago, when Mohammed El-Erian
described this economic period that we are in as the “New Normal”, that I thought we would continue to bump along higher and higher coming out of the near depression period of 2008. So the goal has been to find amazing stocks at discounted values and when they rise, part way above your target level...part ways with them. Why because we are in the 9th YEAR of an economic rally (soon
to be the longest in history). I’ve learned over time from Mohamed, Warren Buffett, and others to try to keep it simple. So find stocks you like, determine what is the ideal price you would buy it at…sometimes take another 5% of that
number and wait to see what happens J
Remember Lululemon recommended in the 40s, Apple in the
90s, Alibaba in the 80s, Caterpillar in the 80s, Manchester United @ 14 if not use the search tool and track these old friends of mine down. I
still holding Apple, Alibaba, and Manchester United as core holdings and am learning how to protect these holdings as they've appreciated nicely. So to the many people that say growth has dominated the market in
recent years I agree but I remind them…for me it’s the long game and how much
you bought something for and amazing even a few growth stocks like Apple and Alibaba will fall into your lap.
And for the people that trust in the process, support
others, call out injustice when they see, and pay it forward here’s what I’ve
been trading. It’s my way of giving back…my
free and very simple knowledge. A chart is included below and simply represents prices where I’ve had success trading these stocks over the last three to six months. The Column on
the left are shares I've owned and traded options in. The column on the right I’ve
just traded options only. The asterisk means I still own the stock:
Note: Please find the correct spelling for Qorvo
More to come on how I'm planning for the future (real estate, biz development, taxes) as the soon to be longest economic rally history WON"T last forever. And yes...I was channeling Drake’s hit song God’s Plan when I was
developing this post and was equally inspired by Kendrick Lamar and Jay-Z’s
recent projects and social consciousness. Many blessing to them and to you
all. And if you haven’t seen the video, of course I recommend that you check it out here:
