Prices of recent listings often hit interesting levels at some point in their first few years. AFRM was as low as $9 in 2023, for instance. Most of the speculative IPOs are not for me, but strong revenue growth and emerging FCF and earnings will get my attention.

I enjoy following IPOs, anything on the market less than a few years, and find the majority of my new purchases among them, even if (in the past) they've often been big names already (V, MA, GOOG, META, RDDT, etc).

On its financial marketplaces, here's a look at FIGR's partner count and dollar volume growth.

I see why you’d ask that, but I was mainly tying to show how much individual stock selection matters to results. And how surprising the outcomes can be. That said, ADBE is historically cheap now, but fears over AI hitting its revenue need to be proven wrong, and that’ll require time.

You can also reinvest option income, of course, and many key long-term stock holdings I first obtained through option writing. They’re a tool that pays you as you use them strategically. Best for established portfolios, imo. Great for later in life.

It’s key to own stocks for years and rarely sell, imo. Options are a pretty “easy” income strategy to add to them, and especially great if you want to take cash out without selling any stocks.

Yes. In a much longer post about this on X, I basically said exactly that. :) One way to own them all. But I still also like choosing.