How I Duovigintupled My Money, or Made 2200% Last Year
Last year I decided to invest what little money I had. I was entering college, which pretty much leaves a packet’s worth of doubt as to where I was financially. I’m also a budding entrepreneur and comic, two proper euphemisms for poor.
That is, until I managed to make 2200% in one year, or duovigintupled my money.
Here’s what I did.
If I had to recommend any way to trade stocks casually, it would have to be with Robinhood. Their app has won multiple design awards, but most importantly it boasts commission-free trading meaning you’ll never pay a penny to buy or sell shares. Some of my favorite trades on Robinhood are Regeneron (REGN), Apple (AAPL), Netflix (NFLX), Facebook (FB), and Microsoft (MSFT). Some picks I lost on were Twitter (TWTR) which I bought expecting a rally as the result of a buyout offer, and Bristol-Meyers Squibb (BMY) which I misjudged the bottom on, but am still hoping for a turnaround.
Acorns is a managed portfolio app that I have a little bit of money in. You can deposit money in, or just have it take “round ups” from your credit card purchases. Regardless, it’s almost completely hands-off.
Long-Term Holdings (75%)
Diversification is key, and so I like to keep a portfolio of index funds, stocks, and other ETFs. Top stock was AMD which is up 122% since I bought it a little over a year ago.
I may be counting this one prematurely, but if all goes well I’ll get a payout from this alcoholic ice pop startup very soon as part of a revenue sharing agreement. As the first company I’ve ever directly invested in, I’m really excited about this one and hope it goes well.
Save the best for last, they say. I actually forgot I even had invested in Bitcoin and Ethereum until the media attention prompted me to check in. Much to my surprise (and glee) I was up 1800%+ as of today. If only I was Michael Burry confident and had invested more…
Enjoy this and want to read more? It’d be great if you recommended this and then followed me. I promise I’m usually much more fun, and much less cocksure. Can’t disagree that big numbers do numb the mind a bit ☺