Part 2: Deep dive on Reddit (RDDT)

Jul 28, 2024

∙ Paid

Paid subscribers to Jonah’s Growth Stock Deep Dives receive 2-3 deep dives per month (8,000+ words), 1-2 mini deep dives per month (2,000+ words) and 12-15 quarterly earnings writeups plus access to my investment models and investment portfolio spreadsheet with real-time activity and notes/commentary.

My investment portfolio is up +157.9% in 2024, after being up +134.7% in 2023 and now up +2,645% since January 2020 when I got back into investing full-time.

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My investment strategy is pretty simple. I want to own 15-20 high-quality growth stocks (core holdings) plus swing trades, with the best fundamentals at the most reasonable valuations — if the fundamentals begin to disappoint or the valuation no longer looks compelling I will trim or sell my position. If the fundamentals remain strong and valuation remains reasonable then I’ll add on pullbacks. I only want to own stocks that have at least 50% upside within the next 1-2 years and at least 100% upside within the next 3-4 years. If I buy stocks that are too expensive, the fundamentals aren’t good enough or my investment thesis is weak — then I’ll never hit my investment performance goals. My objective is to maximize the upside in good markets and minimize the downside in bad markets which I accomplish by being very selective in what I own but also using technical analysis and hedges to protect my portfolio during market selloffs.