A/X Growth Portfolio 2024
There are no plans to set up an investment management company.
I am drained dealing with Vanguard and Finra. I have been treated so poorly by them. These organizations don't want me to be rich and successful.
"A/X Growth Investments" has always been in the idea stage, and it will stay there.
I have music to make.
_________
11/14/24
I am glad that TipRanks is finally reporting my numbers correctly. They seemed to fix the bug that showed incorrect performance. The current 29% YTD performance is about right. I had a boost from Tesla and Bitcoin performance.
Again, my goal is not to outperform the S&P 500 annually, but just be a better investor. I am spending less time on investments in general, but I will try to keep up with it on TipRanks.
There are no plans to set up any investment partnership or fund. I don't have access to the right resources or a fund company to help me set that up. The "A/X Growth Investments" idea is dead in the water and has been shelved. My short-lived financial career is basically over.
Hopes and dreams can only take you so far.
I have music to make.
_________
08/14/24
The TipRanks portfolio software is for amateurs.
Grayscale Bitcoin (GBTC) spun off 10% of the security and I was supposed to receive that allocation in a new security (BTC) but never did. The GBTC investment lost 10%. It makes my numbers look bad.
TipRanks is child's play. It is not serious portfolio management software.
Again, "Free has a price."
_________
06/05/24
If I am holding a money market instrument in TipRanks, I am not getting the equivalent 5% interest in the portfolio return. My portfolio numbers should be higher. This free shit is crap.
Whatever!
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05/28/24
I received no help from TipRanks's customer service about the portfolio's sudden decline. There was no good explanation of why the AX Growth portfolio would drop so much after a full sell and rebuy of all securities.
Currently, I am shown at a negative 3% YTD. I am going to add a positive 16% to my end performance number for 2024.
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05/19/24
My TipRanks performance is incorrect again. Great. I sold all my positions, bought them back, and for some reason my performance becomes a negative 9% YTD. "Free has a price."
I'll send a message to customer service to see if I can get it corrected. Otherwise, I don't care anymore.
I have music to make.
_________
05/17/24
The stock market is technically going up but fundamentally should be flat to negative. A stock market is normally reflective of the goods and services being sold by the companies listed on the exchange. There's a struggle for the majority of consumers to buy, and that's not really being reflected in the stock market.
________
I had to close out the positions on the TipRanks simulation. The "Average Cost" is not coming out right for some reason. When I reduce or add the positions, the prices are not adjusted correctly. I will start fresh again. TipRanks is free, so you take what you can get. I will just add to my positions going forward.
I was up like 7% YTD.
