Portfolio Value: $92,030 | Updates: $RKLB, $SHOP, $TSLA

The Growth Curve #008

Hey Investors,

Welcome to the weekend. I hope you have plans to do something you love this weekend. Would love to hear what you’re up to over the weekend in the comments or reply to the email.

This was a rough week in the market. The portfolio was down about $7,500 and we’re now down about $3,900 since February 15th, 2022.

I’ll keep saying this, but I’d actually prefer prices to go lower or stay flat so I can keep adding to my favorite companies at lower prices.

I have now started sharing my portfolio on SavvyTrader which allows you to subscribe and sign up for SMS/Text alerts when I buy or sell. Paid subscribers of this newsletter get access for free. Shoot me an email, and I’ll get you set up.

Here’s a screenshot of the portfolio on SavvyTrader. I started it on August 29th, so you’ll see different overall performance than from my M1 Finance screenshot above because that was started on February 15th.

I like using SavvyTrader because it sends real-time alerts and shows how many shares I own + my average cost. You can also compare my portfolio to the S&P 500, Dow, and Russell 2000… I’m down 6% since August 29th, they’re all down 3%.

Company Updates

Austin’s Take: Rocket Lab’s mission success rate is fantastic and successful launches tend to lead to more launch requests.

“The Owl Spreads Its Wings” is Rocket Lab’s seventh Electron launch this year with a 100% mission success rate for 2022. With today’s 30th Electron launch and 150th satellite delivered to orbit, the mission also marked the 300th Rutherford engine flown to space on Electron. Designed and built by Rocket Lab, Rutherford is the world’s first 3D-printed, electric pump-fed orbital rocket engine. Earlier this month Rocket Lab successfully test fired a reused Rutherford first stage engine for the first time. This is a significant technical achievement as Rocket Lab develops Electron into the world’s first reusable orbital small rocket.

Among the Company’s scheduled missions on the 2022 manifest is another attempt at recovering an Electron rocket with a helicopter and the first Electron mission from Rocket Lab’s Launch Complex 2 in Wallops Island, Virginia.

Austin’s Take: Shopify’s stock is down a ton. It simply got way overvalued but no one can argue with the monumental accomplishment of becoming a force in eCommerce under Amazon’s looming shadow. Happy shareholder

“We linked our new compensation system tightly to our mission – and as we iterate we’ll bring the two even closer. For now, we thank our employees who support that mission when they pick RSUs or options with a 5% bonus on any extra equity they choose. In the future we’ll add in elements like charitable donations and Shop Cash – because dollars that travel (from us to our merchants to their employees and beyond) are better for the world than dollars that don’t. Our goal? A virtuous cycle that keeps everyone winning. “

Austin’s Take: Tesla lowered delivery wait for its Model 3’s in China to 1-10 weeks from 6-10 weeks. Lower wait times are either a sign of improved production/supply chain or less demand. My guess is it’s a mix of both, but that demand is still fine.

That’s it for this week. Remember, most of what we see is noise and should be ignored. I’m trying to keep these emails short while still keeping you informed about these companies. I’d love your feedback and thoughts on how I can improve. Either leave a comment by hitting the little chat bubble at the top or send me an email and let me know.

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