Welcome back everyone, here is an update on my journey for buying a Tesla Model 3 with only investment gains.
Below I have documented my experience with my investments and two recent exits.
My first investment is Alteryx.
Today is November 4th, Day 3 after entering Alteryx - I usually do not look at my positions on a daily basis because I am a long-term investor and just let it go up and down and so on, but today I looked at Alteryx before the election results have been announced and found that its stock has gone up by 7%.
While looking at the options I bought for Alteryx, I found that my options actually increased by 16% in total since I purchased it, which is incredible.
What does this mean in terms of dollar value?
Initially, I invested $25,000. As of right now, my position is worth $29,032. I am very happy with this return and I am still holding onto it, so let’s see what happens next.
Normally, I am a long-term investor and I don’t mind too much whether the market goes up and down on any given day because my plan is to hold Alteryx for a long period of time.
UPDATE: Alteryx (AYX) Chart
Today is November 8th and Biden has just been elected as the president.
Only a day ago, the stock market was actually showing mixed results. It was going up and down. In fact, when I initially invested in Alteryx, it went up 7%, then down 20% the next day, due to earnings being released.
What happened was that the CEO said something weird or funny, basically something that did not satisfy Wall Street and caused everyone to exit the stock.
However, I am a strong believer of Alteryx and in data analytics so I think the stock is going to be fine. I am a long term investor, so I am going to keep holding onto it.
Above is the chart for Alteryx. You can see that the stock is going down right now, and on the right-hand side you can see quite a dramatic drop here by 20%.
My goal is to exit Alteryx at around $190 or so, which is a bit of a stretch goal but let’s see if we can get there in the next year or two.
American Express (AXP)
My second investment is American Express.
Earlier this week, I did a full-blown analysis within Investing Accelerator on my perspectives on Visa, MasterCard, and American Express.
After looking at technical aspects, financials, news, and many other factors, I decided that American Express is actually a great company, even when in the middle of a pandemic.
Combining all the analyses for American Express, I decided to buy it at $95 using stock options.
This time, instead of allocating $25,000, I am allocating $20,000 due to position sizing. My target for American Express is around $105, so that is the minimum I am aiming for.
Ideally, I want to exit closer to $130 or so, so we’ll see what happens. Because I am a long-term investor, I am happy to hold onto American Express until the pandemic is all over.
UPDATE: American Express Chart
For American Express (AXP) I invested $20,000 to $25,000 a decent entry price of $95.
In the chart above you can see that surprisingly within one week, it jumped up from $25 to $42.50 overnight.
After analyzing the situation and weighing risks and rewards, I thought, “What are the odds that you can make $42.50 from $25 in one week?”.
I decided to exit at that point and earned a 70% return with a total gain of $13,984 in a single week. I am pretty happy with this return, and now a portion of my portfolio is sitting in cash again.
Investment Gain Total
I mentioned in the first post that a Tesla costs around $76,890. These two recent exits earned a total gain of $13,000 which means that I still need to make $62,906 in the next three years or so.
At the moment, my total capital balance is $84,083. I’ve invested $50,000 of it into Alteryx, with $34,000 remaining and I can choose to invest into another stock. So this is how far I have collected so far for the Tesla.
Let’s see if there are any good investment opportunities in the coming weeks. Stay tuned for my next update.
So what's up everybody. So I just want to update you on our tricks. And today is day three, and I usually don't look at my positions on a daily basis because I'm a long-term investor and I just kind of let it go up and down or whatever, but I looked at Altrix today and the election results hasn't announced yet. And it has already gone up by 7% for the stock. I think that's pretty amazing. And when I'm looking at the options I bought for Altrix, the stock went up by 7% and my options actually went up by 16% in total since I purchased it. So that is amazing. And what does that mean in terms of dollar value? So I invested around $25,000. And as of right now, my position is worth $29,000, zero and $32. So that is pretty amazing. And I'm happy with this return, I'm still holding onto it.
So we'll see what happens now. Normally I'm a long-term investor. I don't really care whether the market goes up and down on any given day, uh, because my plan is to hold our tricks for a long period of time. So my second investments, American express earlier this week, I did a full-blown analysis within investing accelerator on how I think about, you know, visa, MasterCard, and American express. And after we look at the technical, we look at the financials, we look at news and we look at a whole bunch of factors. And then we decided that wow, American express is actually a great company in the middle of the pandemic. So when I'm looking at American express, you know, I used to have a credit card with them. Uh, now I'm actually using MasterCard, but I think the customers stay serve is great. And after combining all the analysis together, I decided to buy American express at $95 using stock options.
And this time, instead of allocating $25,000, I am going to allocate $20,000 mainly due to position sizing. And my targets for American express is around $105. So that's the minimum targets I expect to go to. And ideally of course, I want to exit closer to $130 or so, so we'll see what happens. I'm a long-term investor and I'm happy to hold onto American express until the pandemic is all over LA, blah, blah, so on and so forth. So I'm very excited and we'll see, who's the president. So right now is November eight. Biden has just been elected as the president. One day before that the stock market was actually in kind of a mixed results. You know, it was going up and down and for our tricks, it actually went down 20% within one day. So if we rewind back a couple of days, when I invested in it, it actually went up by 7% or so.
And then within one day it went down by 20% because earnings Scott reliefs. And I guess the CEO says something weird or funny, or basically something that didn't satisfy wall street. So everyone was exiting and leaving the stock, but I am a strong believer of Altrix and in data analytics. So I think the stock itself is going to be fine. So I'm a long-term investor, so I'm going to keep holding onto it. So here is the chart and you can see that the price it's actually going down right now, and on the right hand side, you actually see that a stock price is going down 20%. So it was quite a dramatic here and we'll see what happens next week. Uh, but my goal is really to exit out tricks at around $190 or so. So that is definitely a stretch goal. And we'll see if we get there in a next year or two.
Now the next stock is AXP, which is American express. And I also put around 25,000, $20,000 into it. And I got into around $95 or so. So I think it's a fairly good price. And you can look at the charts here and we'll see what, uh, surprisingly within one week it jumped up from $25 to $42.50 overnight, and it was surprising. And then after analyzing the situation, the risk and reward, I decided that, wow, you know, what are the odd stats? You can make $42.50 from $25 in one week. So I took the profits and that is a return of 70% in one week. So now for this position, I'm sitting back on cash again and waiting for the next opportunity to happen. So earlier I said, the game was around $13,984. So that's pretty good, 70% return for a $20,000 invested. So that is a fantastic return within one week. So now a portion of my portfolio is sitting on cash again. So earlier I mentioned that the Tesla costs around $76,890 and whiffed at $13,000 gain. That means I still need to make $62,906 in the next three years or so. And right now my total capital balance is $84,000, zero and 83 bucks. So that means with $50,000 being invested in Ultrix, I have around $34,000 remaining, I can choose to invest in another stock. So in the coming weeks, let's see what's a good investment and we will go from there.