Dwayne "The Rock" Johnson, Vince McMahon, and Ari Emanuel ringing the bell at the NYSE 1/23/2024.

The Rock, now the proud owner of his name, spoke to Jim Cramer, Carl Quintanilla, and David Faber in the first hour of Squawk on the Street today, although Ari Emanuel did most of the talking. Meanwhile, Netflix announced a deal to stream TDK's WWE’s Monday Night Raw, boosting the stock over 25% pre-market (it closed over 15% up). It's about time Netflix invested in live; YouTube's been making a killing in it before, during, and after the pandemic (due to an increase in ads and paid subscribers).

I haven't posted here in awhile, so I might as well catch you up with what's been going on.

Since June 25, 2021,

my portfolio hit an all time high in November 2021 and then it was all downhill from there. While I gained 58% in 2021,

I lost 52% in 2022.

While everyone was saying a recession was coming, we seemed to be in one. I bought META LEAPS in March and August at the lows, convinced that it couldn't stay bad forever. Sure, Zuck faceplanted in the metaverse, but the fundamentals of the core business were strong. I wonder if the same NVIDIA chips used for rendering high-quality VR graphics ended up being useful for AI processing. Now META's at 52-week highs, and I'm selling.

M7 performed in 2023

Magnificent 7 stocks NVIDIA, META, Tesla, Amazon, Alphabet, Microsoft, and Apple performance in 2023, from CNBC.

And I was in 5 1/2 of them (META, TSLA, AMZN, AAPL, and sometimes MSFT). So it's no wonder my 2023 return was 111.30%. I've heard it said that if you lose 50% in the market, the only way to make it back is to make 100% the next time, so it looks like I'm slightly above even.

2024: M7, AI, and Bitcoin?

The magnificent seven again on CNBC & Bitcoin ETFs start trading.

Now everyone loves Bitcoin (and AI and the M7) but you wouldn't know it by what happened in the last few weeks. CLSK went from mega darling at ~14/share to nearly half at ~7, below my cost basis. Of course, I'm averaging back in, but why do I have to take this punishment? I've worked hard to average down in MSTR, MARA, and CLSK already. I thought now was my time to sell. Have I missed the bull already? No. I just think that Bitcoin pullbacks are wilder than equities, and everyone's saying that this is due to Grayscale selling the massive bag they're holding (Ash Crypto, care of crypto.news). And that we'll all see $10k/day wicks up soon enough. Especially with the halving coming in April.

Also, the Bitcoin ETFs may start gaining traction once BTC starts moving again (up and to the right). I placed an order to buy FBTC at 33.55 today, but it never filled. A few people recommended it when I asked in InvestAnswers's Bitcoin Discord channel. One benefit is the .25% fee is waived until the end of July (just enough time to get some free gains and sell, if that's your thing). Another is that Fidelity was early to Bitcoin and they hold custody of their bitcoin through Fidelity Digital Asset Services, LLC.

I had some extra money from selling AMZN, META, and WYNN, so I bought more TSLA and VICI.

Oh, and thanks to Martin Shkreli's* daily livestreams in 2022, I found out about OpenAI in June, almost 6 months before they released ChatGPT in November and changed the world. I've already created some cool experiments and chatbots.

*Don't knock the guy, he's really changed since prison. And even before that, we was all for democratizing financial education and fighting for the little guy. He wasn't completely evil, just a businessman.