Samwise Model Portfolios
The portfolios below are separated by launch dates. Each portfolio is entirely independent and has no bearing on any other model portfolio. We launch entirely new portfolios during each market correction as an illustrative tool for new subscribers who weren't present during...
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I appreciate you mentioning your thoughts on SPY here. I’ve been going back and forth on whether to take profits on some SPY related holdings in order to free up some cash for QQQ in the next correction.
That NVDA $150 seems insurmountable.
Yeah it’s turning into a major line of resistance. What makes $150 such a hard-line for Nvidia is that the stock has already surpassed everyone in Market Cap. North of $150 is kind of like no man’s land. Nvidia has to prove it up through earnings and valuation. That’s why we’re interested in selling covered calls here.
purely speculative, but I don’t think it can cross $150 until earnings. The number of calls that are sold at that price that have expired over the past few weeks are bananas. And im sure no one wants to pay on those.
Amazing content bro. We talk about investments, but the best one has been the monthly sub!
Thanks Andrew! Really appreciate it.
Sam, do you cover BTC and its related stocks like MSTR?
Don’t know enough about it. Strategy wise, what we do is use leverage/options to produce higher percentage returns in the assets that we have high confidence/visibility in.
With MSTR, you do have the high return potential, just not a lot of visibility. The stock’s financials is all over the place. MSTR/MSTX is all momentum based. You have to capitalize on the momentum which isn’t easy.
What we do here is wait for high value stocks to correct, get oversold and then use leverage to capitalize on the inevitable recovery.
When trying to capitalize on MSTR, you basically have to ride the wave, put in stops and cross your fingers.
PPI was relatively in line but did come in a tad bit hot – do you think this may impact near term forecast?
No. Not at all. PPI doesn’t have much of an impact at the moment as the inflation impact overall has shifted considerably.
See above^
Any concern with the market still continuing to trade sideways today (11/14)?
Yeah there’s concern for sure. Four days of consolidation is a lot more than I’d expect to see. In fact, going into this week, I thought maybe we’d see 1-2 days of sideways action, maybe a small 1% pull-back and then the entire market would go much higher.
Having spent four full days now does take away from the overall bullish sentiment. That being said, I don’t want to overstate how much of an impact the consolidation period has.
In the end, the QQQ does have a massive runaway gap from $492 to $500 and is still largely trading near the $510 area. Chances are if the QQQ pulls back, in becomes oversold near the $500-$504 area and then begins another big snap-back rally to the upside anyway.
So at this point, we don’t want to overstate the risk, but it is less than ideal for the market stock consolidate for four days. It slows the momentum down.
Well, with the small pull-back today, maybe the 1% pull-back that you mentioned has occurred over the last few days, so this might be consistent with what you were seeing.