Its mission is to provide individual investors with practical education and portfolio training to invest directly, and more successfully,
in high quality growth stocks.
My first undisclosed holding is a totally
neglected high quality growth stock — in fact, judging by its valuation, I suspect most investors have never considered it as an actual growth stock.
Sure, you can boast a nice pay - off, but does that really justify all the damn work you put into finding & understanding a
true high quality growth stock?
And to relentlessly re-allocate my portfolio
towards high quality growth stocks... businesses I believe can thrive even in what might prove increasingly fragile economic & fiscal scenarios, but whose valuations might also expand aggressively in a continuing bull market & a potential bubble to come.
Meanwhile, it encourages me to remain fully invested, and to (increasingly) focus
on high quality growth stocks in my portfolio — that's my skin in the game, so I can certainly encourage you to do the same.
In fact, for me, my SBUX experience highlights a generally ignored problem for the vast majority of growth investors... actually managing to hold
on high quality growth stocks for the long term!
As a result, the poor quality growth stocks being less visible than
the higher quality growth stocks are bid up more leading to the lower returns going forward observed for poor quality growth stocks.
The only things that really look compelling are some of
the high quality growth stocks like Visa and Nike.
Well, except for the recent dose of pessimism we've been experiencing since November... In terms of valuation, and the stronger dollar, I expected the S&P to retrace / trade sideways for quite some time to come — but I also hoped to see it throw up
some high quality growth stocks to consider averaging into, which has certainly proved to be the case with some v interesting individual stock bargains now on offer.