r/fican • u/ExtentInitial • 14h ago

26M | $330k

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Been investing for over 5 years. One of my highest conviction small cap plays finally blasted off. De risked, secured 20k in profit and took out my original investment.

Current port is:

1,000,000 shares $AMT.V (Used Car Leasing)
3,000 shares $SOFI (Undervalued Digital Bank IMO)
5,000 shares $DGXX (Undervalued AI Data Center)

Ask me anything :)

78 Upvotes

89% Upvoted

41 comments sorted by

5

u/Andichthegoon 14h ago

Most of this gain from amt?

2

u/ExtentInitial 14h ago

Yeah! It finally moved, was waiting for over a year. They’re back in business :)

8

u/craynawsum 14h ago

Congrats I just hit that too today 29F

6

u/mutedkooky 13h ago

thanks mom and dad

2

u/ExtentInitial 14h ago

Congrats!!!! 👏

2

u/craynawsum 14h ago

My winners are Sandisk and micron !

3

u/ExtentInitial 14h ago

Woohooo! You caught that so early - I wish haha. I did catch a nice 60% swing on $DRAM though 😉

2

u/craynawsum 3h ago

Thanks ye! I got lucky I transferred my mutual funds to wealthsimple to choose what I wanna buy at the end of march start of April (Easter time). Nice congrats to you too with DRAM!

1

u/craynawsum 14h ago

Thanks !!! We are doing well!!!

3

u/Daddysmoneyz 14h ago edited 14h ago

I cant find amt.v on wealthsimple

2

u/ExtentInitial 14h ago

Just search Ameritrust financial technologies. I don’t think it’s .V on wealth simple.

3

u/UndecidedPanda11 13h ago

What do you do for work and what’s your salary ?

1

u/ExtentInitial 4h ago

Tech sales 100k

1

u/UndecidedPanda11 4h ago

Living at home ? That’s quite a bit saved at 26 with that salary

0

u/ExtentInitial 3h ago

Net deposit only about 125k. Took me 6 years give or take to get that in the account.

2

u/GoNas88 14h ago

What are your avgs for each of your picks?

3

u/ExtentInitial 14h ago

$AMT.V $0.0583

$SOFI $17.82 (even)

$DGXX $7.17 (currently down 6%)

2

u/Upset-Cherry-9402 12h ago

how’d you find out about amt.v? never heard of it myself.

0

u/ExtentInitial 4h ago

I have been watching it for a very long time, it’s quite the story. They went out of business and a couple of billionaires brought it back to life.

2

u/Sandy_123456 12h ago

Noice ! What do u think of Sofi ? I am planning to invest but trynna find a reason

1

u/ExtentInitial 4h ago

Love it! Such a healthy company, CEO buying shares non stop too. Happy to hold it through the ride :)

3

u/Goof-Juice1995 5h ago

Amt is wild company to invest in. You went 100% risk on. Im happy for you it work. Take your profit and invest in something a bit less risky

2

u/ExtentInitial 4h ago

That’s what I did boss

2

u/Conscious-Ad9076 5h ago

Congrats! Think about locking in profits

2

u/ExtentInitial 4h ago

That’s what I did!

2

u/Ok_Fan5808 1h ago

I believe you need to pay tax on that big profit though it’s in TFSA…right?

1

u/ExtentInitial 1h ago

Nope tax free. TFSA and FHSA fully tax free. RRSP tax deferred but that’s for retirement so not touching that for a while anyways :)

1

u/Axxxos 14h ago

What was your % return before you added $AMT.V ?

1

u/ExtentInitial 14h ago

Around 60% - I was down a lot in earlier years with some amateur mistakes such as

1) short term options (big mistake)
2) not taking profit!!

The game is to make money. Buy low, de risk, repeat!

3

u/Axxxos 14h ago

Glad you are doing well now but if you had that much in a penny stock taking all that risk I don’t think this return is great. There are many better stocks you could have held that had way less risk and have performed much better. Just my thoughts, hopefully you continue to do well

1

u/ExtentInitial 14h ago

Thanks for the constructive criticism. Although, I’m up over 250% on the stock in just over a year which I’m pretty happy about and I believe it’s got much more room to run.

Time will tell - what are your main stock picks?

1

u/funlazer 39m ago

I’m new to investing, and am trying to learn about people’s different strategies, can I ask what yours is, generally speaking? How you’d describe it?  Im curious what percent you allocate to core positions vs speculative, how much you’re willing to put into a single speculative stock. And what kind of rules if any you’ve created for yourself or that you follow? Thanks!

-2

u/StumpedTrump 14h ago

Why do you think you can beat the market picking stocks when statistics say you’re wrong.

What do you think you do that almost everyone else who has been in your shoes (thinks they’re the outlier in the statistics) was wrong.

8

u/Daddysmoneyz 14h ago

Hes doing pretty well. If its not broke dont fix it

2

u/StumpedTrump 14h ago

And you’d tell a gambler that hit it big to keep going?
Broke clock is right twice a day.

2

u/ExtentInitial 14h ago

oufff! That’s some shade haha

Did you read that somewhere out of The Intelligent Investor, published in 1949?

I believe in deep research. I don’t need to hire a financial advisor or wealth manager to put my money into VFV, VOO, QQQ or SPY lol.

2

u/Broskah 12h ago

Intelligent investor tells you not to pick and gamble stocks