Recent portfolio moves

I couldn’t have asked for a better Monday here in San Francisco. It’s sunny, 75 degrees and perfect. No matter how much rest I get or how excited I am for something at work, Mondays are always going to be a little bit of a drag. But this weather definitely helps.

I haven’t written much about the public markets lately and that’s largely because I’ve been fairly cautious with my investing there. Most of my portfolios are in index funds given my net worth right now, but I have some allocated to individual stocks.

For the past year and half, I’ve largely been a seller of individual stocks. I have have nibbled on a few positions but given the risk of the markets, I’ve turned towards indexes as a safe haven. I expect to become more of a buyer in the next few months if we see things continue to remain steady.

On the private side, I have become much more active. I’ve largely used my private investing as a way to diversify my positions and take a few moonshots. I’ve focused a lot on defense tech and space when I’ve made individual investments. I haven’t been able to get the exposure to space or defense in the public markets and have supplemented that with investing in startups.

Given the advancements in space tech and the current world environment for defense, I feel really good about some of the shots I’ve taken in the private markets. All that said, I’ve had to display a lot of restraint when it comes to these investments. I’ve been really excited about some opportunities in the past, and where I went wrong was overextending myself on the size of those investments.

At the end of the day, they are still risky private companies and I need to do a better job at making sure it remains a small part of my overall portfolio.