Get Irked – Week in Review – Episode 6

The Get Irked Week in Review

Episode 6 – September 24-28, 2018

In the markets:

•  Tesla (TSLA) imploded this week after the SEC charged Elon Musk with fraud, causing the stock to drop 12% in after-hours trading. To pile on, several firms have filed class action lawsuits against the company itself due to Musk’s now-infamous “funding secured” tweet. Musk implied he was going to take the company private only to later admit that he had no factual evidence to back up his claims. Tesla lost nearly 20% of its value in September and there doesn’t appear to be any signs of stopping. •  All of the cannabis hype led us to much deeper conversations about risk management and how to speculate. Speculation is an important part of most investors’ strategies, but how do you manage the risk? Professional advisers recommend no more than 5-10% of your investments should be speculative.

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Getting Started – Tools & Resources:

•  We took a much deeper dive into portfolio and risk management, looking at both managed and self-directed funds investigating how financial advisers recommend investors should separate their net worth.

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Trades in Play:

•  This was an incredibly busy week. Our Trades in Play post will be coming later this weekend. •  Our Get Irked portfolio performed admirably in September – a notoriously bad month (this is why it’s called “The September Swoon” by professional money managers). The Get Irked portfolio made 4.19% in September in comparison with the S&P’s meager 0.482%. In just two months, our portfolio has made 17.19% in comparison with the S&P’s 3.26% over the same time period.

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Future Plans:

•  October will see more long-term investment recommendations to add to the Get Irked portfolio (I promise!)