thinking ahead to balancing and building out my portfolio for 2021, I'm considering trimming down NVDA a little to create the money to add ABNB in my TOS account. The alternative would be using some of my cash position in Schwab, cutting SQ or TWLO. I'm not inclined to cut TWLO, I think there's legit enterprise potential here as this evolves into a Salesforce type stock and moves beyond just a messaging API/CPaaS company. SQ trades at a very attractive multiple on paper, but when you look at how that revenue growth that's calculated is the result of bitcoin trading which basically adds 0 value to their balance sheet, it makes it seem a little less attractive. Having said that, I love CashApp and the super app potential it has (same theory I have with SoFi) as they introduce more forms of lending and potentially insure tech which I think they should get into. This goes for any new positions moving forward, not just potentially buying ABNB. I really don't want to deploy the bulk of that 5% cash position until we see a serious drawdown in the market. I've also considered trimming some of the adds I had in NVTA eventually, but I view that as potential a $100 stock so any purchase I make with those funds would have to outperform that potential return. Another thing I could do is cut IIPR which has low growth estimates moving forward after being a monster the past couple of years, but I love the potential tailwinds here and dividend so we'll see. I'll probably just have a stop at 170 and let the market pull me out if anything, below there and 157.84 is possible anyway so I can always jump back in if anything. I also wanted to add another dividend stock, but I'm not seeing many options that offer the growth I'd want to see in addition to the dividend, I may add more Apple since that looks great against 131 for a breakout to 150 eventually. Decisions decisions.
