Escaping MSTR - Buying more QDTE & XDTE on Ex Dividend : Blood Red Day: Fidelity Portfolio Review

Summary

In this video, the speaker shares their recent investment activities, detailing a cautious approach to managing their portfolio. After liquidating previous positions for a profit, they used $4,900 to invest in various funds on a challenging market day. Despite some losses, they express optimism about their new purchases, particularly in QDT and XDT. The speaker also discusses their recent acquisition of Nvidia shares and their overall strategy of maintaining a safe mode while maximizing buying power. The update reflects a blend of cautious optimism and active portfolio management.

Takeaways

• 📈 The user recently invested $4,000 in MST but sold it for a minimal gain of $1.71, falling short of the $100 profit goal.
• 💸 After liquidating positions in Misty and Coney, the user freed up $1,200 in margin, focusing on capital protection.
• 🏦 With a $5,000 surplus, the user withdrew $4,900 to pay off a $4,700 loan, managing debts strategically.
• 📊 The user applied for and received a $155,000 line of credit, which is now funded and ready for investment use.
• 🛒 Recent purchases include an additional $2,000 in QDTE, $2,000 in XDT, and $500 in YMAG, indicating a proactive investment strategy.
• 🔄 Despite a challenging market day described as 'blood red,' the user is optimistic about future rebounds in the market.
• 📉 QDTE is now the largest position in the user's portfolio, highlighting a shift in asset allocation.
• 💰 The total margin used is approximately $2,000, allowing for continued investment opportunities.
• 📅 The user expects buying power to increase to around $177,000 once recent deposits clear, enhancing investment capabilities.
• 🤔 The user's approach emphasizes patience and strategic buying, even during downturns, showing a long-term investment mindset.

Q & A

What was the user's initial investment in MST and what was the outcome?

The user invested $1,000 in MST and made a profit of $1.71 by the end of the day.

Why did the user decide to liquidate their positions in Misty and Coney?

The user liquidated those positions to pay off a $4,700 loan and to protect their capital, as they wanted to enter a 'safe mode' with their investments.

What actions did the user take with the surplus funds after liquidating their positions?

The user withdrew $4,900 and paid off the balance of a $4,700 loan, then applied for a line of credit for $155,000.

What was the user's strategy on the X dividend day?

The user purchased additional shares of QDT and XDT, as well as some shares of Y mag, taking advantage of the market dip.

How did the user feel about their purchases made on the blood red day?

The user felt satisfied with their purchases, believing they bought close to the bottom, and looked forward to potential market recovery.

What is the current status of the user's QDT and XDT positions?

The user increased their holdings in QDT from 192 to 240 shares and bought an additional $2,000 of XDT, despite both being in the red on that day.

What was the user's average cost for QDT after their recent purchase?

After the recent purchase, the user's average cost for QDT decreased to $41.96.

What new position did the user take in Nvidia and what was their buying price?

The user purchased 100 shares of Nvidia at $24.90, believing it would provide a higher yield monthly.

What were the user's margin requirements after their latest trades?

The user used about $2,000 of margin for their trades, with a net debit reflecting that amount.

What is the user's outlook for their investments moving forward?

The user remains optimistic about market recovery and hopes to increase the value of their positions before the next dividend payouts.