One thing I’ve been realizing as of late is that buying shares of stocks is a whole heck of a lot easier than buying rental property. 🙂 As such, I used today as another opportunity to pick up some more shares of Alibaba (BABA).
Payday is not until this upcoming Friday, but I thought I would jump the gun and buy some shares today, just as a hedge in case the stock keeps climbing upwards. I picked up 34 shares at $114.71/share. I now own 152 shares of BABA.
What’s the plan here? For one, I’m diversifying my portfolio away from rental properties. Two, I’m transferring some capital into a liquid investment. And lastly, I’m taking a gamble on future appreciation!
In the past, I’ve owned shares of Apple (AAPL), and Tesla Motors (TSLA). In each of those cases, I bet on the right horse… but my contributions weren’t enough to make a noticeable dent. I watched as TSLA climbed from $55/share all the way up to around $166/share. Very solid performance indeed, but with such a minuscule ownership stake, I didn’t reap any massive rewards!
As is often stated, “it takes money to make money.” You can guess right on the next hyper-growth stock all day long, but if you don’t “back up the truck“, it won’t mean much in the big picture. So, rain or shine, up or down, I’m going to be looking to add more shares of BABA to the portfolio.
Note: This is just another one of my side hustle plays, not a core investment strategy! This type of investing is definitely not something I would recommend anyone else try and duplicate. It is inherently risky… which probably goes without saying.
Now that I don’t have any more real estate deals on the horizon lined up for me, I’m just going to keep on funneling spare capital back into my brokerage account to pick up more shares of BABA. That, and perhaps some other hyper-growth stocks as they pull back. I would love to get in on TSLA again, but that stock looks a bit too frothy at the present moment…
Although my investment moves are ALWAYS subject to change (I can’t anticipate when the next real estate deal will take place), ideally, I would like to be able to keep building up my stock positions. Since I’m not going to be retiring for at least another year or so, I don’t really have a critical need for dividend growth stocks right now (the rental properties are my primary source of cash flow). Rather, it’s the substantial appreciation gains that I’m targeting. Should the need for extra cash flow become imminent sooner rather than later, of course I will cash out of the growth stocks and put the gains back into dividend growth stocks, instead.
Until then, it’s hyper-growth that I’m seeking. Higher risk, higher reward. Let’s hope the markets continue to hold up.