Investing by Sam👨🏻‍💻

UK amateur investor since 2013, here to learn and share. Long-term ideas and retiring early. Self-diagnosed dyscalculic. Main: @samsworldofno. Not advice!

[Investing by Sam👨🏻‍💻 @InvestingBySam]

Hello world! Here's my starting point: I've been investing since 2013, after the company I was working for was acquired by eBay. I made a little money in the sale, and now had a bigger pension. I wanted to put it to good use so started learning about investing.

[Pinboard @Pinboard]

The right way to think about GME is that it's a cryptocurrency that happens to have a stock ticker. The fact that it doesn't have to rely on cumbersome blockchain theater is a bonus

[Investing by Sam👨🏻‍💻 @InvestingBySam]

@alex_house Nowhere near that organised... until a month ago I’d forgotten which company I had the wallet with!

[Investing by Sam👨🏻‍💻 @InvestingBySam]

Bitcoin at $32,557. Although it's not investing, I've been checking the price several times a day... super interesting to watch it. It's mad how anchoring bias works. 40 days ago, it had never been over $20k. 25 days ago, it had never been over $30k. Now 32k seems "low"?!

[Investing by Sam👨🏻‍💻 @InvestingBySam]

Motley Fool taking $5m in bitcoin (a) seems odd (b) makes me question the rest of the advice they give.

I don't understand this idea of it as a store of value. At all. In a bear market, is that really what it will be?

[Investing by Sam👨🏻‍💻 @InvestingBySam]

Original: Buffett's 1993 letter to shareholders: https://t.co/C6jadjFCIa

[Investing by Sam👨🏻‍💻 @InvestingBySam]

We’ve all heard that “Warren Buffet recommends index funds”. Below is the key quote on the topic, from his 1993 shareholder letter.

But that's not the whole story.

[Investing by Sam👨🏻‍💻 @InvestingBySam]

Buffett says yes. The quote in the first tweet is frequently taken out of context, and is part of a wider discussion on diversification aimed at "know-nothing" investors.

The very next passage talks about "know *something*" investors... and how they are safer making judgements.

[Investing by Sam👨🏻‍💻 @InvestingBySam]

Source: @benedictevans, "The Great Unbundling": https://t.co/uOWvWzyeDA

[Investing by Sam👨🏻‍💻 @InvestingBySam]

Interesting to see consumer (defensive and cyclical) brands going direct to customers via ecommerce - in 2020, 25% of L'Oreal's ($OR.PA) sales were online. For my favourite Unilever, ($ULVR), that's 8%.

[Investing by Sam👨🏻‍💻 @InvestingBySam]

The time was you would never go to a brand/manufacturer's website to try to buy something - you'd go to Amazon.

Maybe Shopify / Fast / Paypal checkout synchronisation across brands will continue helping people feel comfortable on sites they "don't know".

[Investing by Sam👨🏻‍💻 @InvestingBySam]

Unilever ($ULVR) down 11% last 30 days - time to buy some more! ����👍

[Investing by Sam👨🏻‍💻 @InvestingBySam]

Wow, Elon really does think in portals. I just assumed he was messing about these last few weeks. Nope... and now BTC at all-time high again again.

https://t.co/5ZPzQOufrG

[Investing by Sam👨🏻‍💻 @InvestingBySam]

Now, as was pointed out by @tomskitomski, this won't apply to S&P indexers because $GME was removed from the S&P500 in 2016. But that ETF is holding 20%. "Ooops".

[Investing by Sam👨🏻‍💻 @InvestingBySam]

How fast to index funds respond to changes in the market? Or, to put it another way, how much more $GME $BB $AMC do those of us invested in US tracker funds now own?!

[Investing by Sam👨🏻‍💻 @InvestingBySam]

And here's the answer courtesy of @matt_levine:

> A lot of the float is held by insiders and index funds and index-ish investors. The index funds can’t sell, because they have to own all the companies in their index, and GameStop is in their index.

eg: https://t.co/wCv28Nb6I3

[Investing by Sam👨🏻‍💻 @InvestingBySam]

@miserlyinvestor I find @chirrapp good for thread-making. Still Twitter tho!

[Investing by Sam👨🏻‍💻 @InvestingBySam]

Tinkering with my portfolio tool - added in overall return, 1 year return and cash-weighted return (ie XIRR).

[Investing by Sam👨🏻‍💻 @InvestingBySam]

This thread is really something.

[Compound248 💰 @compound248]

Dear Media,

What’s happening with RobinHood?

A quick primer.

This is a “plumbing” issue. It is esoteric, even for those on Wall Street.

A very long thread on how the toilet is clogged.🚽🧻🪠

Read on
👇👇👇💎💎💎🚀🚀🚀👇👇👇

[Investing by Sam👨🏻‍💻 @InvestingBySam]

@tomskitomski Now I have! Thanks so much Tom :)

[Investing by Sam👨🏻‍💻 @InvestingBySam]

@tomskitomski Ah yes... removed from S&P 500 in 2016.

https://t.co/ggBf7aSWFj