I'm sure your eyes are having SpaceX ($SPCX ) candles being burnt into your retinas while you stare at the chart under your desk at work. Or maybe you have the day off. Maybe you called in sick for this. Some of you know, but some of you might be asking: "Why is Adam not adding it into Actively Managed? Why is actively managed staying so still (albeit performing quite well)?"
The answer is as follows:
1. If I could quickly execute a day trade on your end, MAYBE I would get you in and out for a scalp. That is just not possible.
2. I do not believe that at this valuation, now over 2 trillion in market cap, buying is a responsible thing to do. It can run 100% and crash 80% and I'm not going to ruin you based on vibes. 27% is actually surprisingly mild for the biggest IPO in history. That alone is concerning.
3. I made a YouTube video covering my rationale behind this, I encourage you to watch if you haven't (
youtu.be/oDsxzwUcfFo?si=cwiS…). I didn't directly address the logistical complications of radiation cooling, the cost of that, and the payload complications, but know that is an unbelievable hurdle that Musk calls "not difficult". It is, in fact, incredibly difficult.
4. I am unbelievably content with my positions as they stand. There's not 0.1% allocation I want to change. This benefits you: while it seems attractive if a pilot trades frequently, it results in a large list of taxable events and the fattest 1099 you'll possibly ever have (maybe lol). I've learned that staying in one lane, you eventually hit nitrous. Change lanes too much, you start seeing stocks rip that you were once in but got bored of. That said, many of my positions have been ripping, regardless.
Godspeed, happy new issues day, have a great end of your week and beginning of your weekend.
xoxo
Adam
Join here:
marketplace.joinautopilot.co…