Watching SpaceX from the QQQ Sidelines

Watching SpaceX from the QQQ Sidelines

SpaceX options are open to trade for the first time today and retail is going crazy. I am watching from the sidelines and I am completely comfortable with that. The QQQ will own SpaceX for me at market cap weight without me having to chase it at any price. I also cover the Perplexity CEO Aravind Srinivas on the 20VC podcast and his take on why frontier AI labs like Anthropic and OpenAI are being commoditized, why the real money is in AI agents that take over your computer and do the work, and why that makes Palantir's moat more interesting than ever. I also share my latest portfolio update on Substack, why I made the Nasdaq 100 my largest holding for the first time, and why I am not confused about Palantir's valuation even though I am very confused about SpaceX's. Rigatoni Capital is a daily morning podcast for long term, buy and hold investors. This is not a show for short term traders or people looking for quick wins. Every morning I go through the most important headlines in finance, markets, and macro, and call out fake narratives in the financial media so you know what actually deserves your attention and what to ignore. Subscribe to Rigatoni Capital on Substack: https://rigatonicapital.substack.com [https://rigatonicapital.substack.com] Disclaimer: This blog is for informational purposes only and does not constitute financial advice. All opinions are my own, and I am not a financial advisor. The information provided reflects my personal views and is intended to encourage discussion and thought among readers. Investments involve risk, including the loss of principal, and past performance is not indicative of future results. Always conduct your own research or consult with a qualified professional before making any financial decisions. #investing #stocks #finance #wallstreet #stockmarket #investor #wealth #money #financialfreedom #passiveincome #dividends #compounding #longterminvesting #buyandhold #valueinvesting #portfoliomanagement #bitcoin #crypto #macro #Nasdaq #SPY #QQQ #SP500 #SpaceX #Palantir #PLTR #Perplexity #Anthropic #OpenAI #AIstocks #Nvidia #NVDA #Broadcom #AVGO #Micron #MU #stockanalysis #marketwatch #RigatoniCapital $QQQ $PLTR $NVDA $AVGO $MU $AAPL $AMZN

Cleaning Up My Portfolio: Why QQQ is Now Bigger Than Nvidia

I added a significant chunk to my Invesco QQQ position during last Tuesday's flush down at $687 a share, and the Nasdaq 100 is now my largest holding for the first time, ahead of Nvidia. I walk through why I think this is the right move at age 42, why I want QQQ to eventually be 50% of my portfolio, and how my allocation philosophy will likely shift again as I get into my 50s. I also cover my other post on why "set it and forget it" is the wrong way to think about the SpaceX IPO, and why that framing skips the actual work of value investing. Plus some thoughts on the broader market this morning, Kevin Warsh, and the Anthropic Claude export control news from over the weekend. Rigatoni Capital is a daily morning podcast for long term, buy and hold investors. This is not a show for short term traders or people looking for quick wins. Every morning I go through the most important headlines in finance, markets, and macro, and call out fake narratives in the financial media so you know what actually deserves your attention and what to ignore. Subscribe to Rigatoni Capital on Substack: https://rigatonicapital.substack.com Disclaimer: This blog is for informational purposes only and does not constitute financial advice. All opinions are my own, and I am not a financial advisor. The information provided reflects my personal views and is intended to encourage discussion and thought among readers. Investments involve risk, including the loss of principal, and past performance is not indicative of future results. Always conduct your own research or consult with a qualified professional before making any financial decisions. #investing #stocks #finance #wallstreet #stockmarket #investor #wealth #money #financialfreedom #passiveincome #dividends #compounding #longterminvesting #buyandhold #valueinvesting #portfoliomanagement #bitcoin #crypto #macro #Nasdaq #SPY #QQQ #SP500 #Nvidia #NVDA #SpaceX #IPO #PortfolioUpdate #KevinWarsh #FederalReserve #Anthropic #stockanalysis #marketwatch #RigatoniCapital $QQQ $NVDA $AMZN $AAPL $META

How Long Term Investors Create Their Own Luck Like Brunson and the Knicks

The Knicks pulled off the biggest comeback in NBA Finals history last night, down 29 points, and I could not help but draw the parallel to long term investing. Staying in the game is the whole ball game. You do not know which dip precedes the run, the same way the Knicks did not know the third quarter was the one where San Antonio went cold. You just keep taking good shots and let the distribution do its work. I also follow up on yesterday's controversial post about why buying the dip always works and respond to some pushback I got on Substack. Rigatoni Capital is a daily morning podcast for long term, buy and hold investors. This is not a show for short term traders or people looking for quick wins. Every morning I go through the most important headlines in finance, markets, and macro, and call out fake narratives in the financial media so you know what actually deserves your attention and what to ignore. Subscribe to Rigatoni Capital on Substack: https://rigatonicapital.substack.com [https://rigatonicapital.substack.com] Disclaimer: This blog is for informational purposes only and does not constitute financial advice. All opinions are my own, and I am not a financial advisor. The information provided reflects my personal views and is intended to encourage discussion and thought among readers. Investments involve risk, including the loss of principal, and past performance is not indicative of future results. Always conduct your own research or consult with a qualified professional before making any financial decisions. #investing #stocks #finance #wallstreet #stockmarket #investor #wealth #money #financialfreedom #passiveincome #dividends #compounding #longterminvesting #buyandhold #valueinvesting #portfoliomanagement #bitcoin #crypto #macro #Nasdaq #SPY #QQQ #SP500 #BuyTheDip #JalenBrunson #Knicks #NBAFinals #Oracle #ORCL #BehavioralFinance #Nvidia #NVDA #stockanalysis #marketwatch #RigatoniCapital $QQQ $ORCL $NVDA $AVGO $SMH

Why Buying the Dip Always Works

I was out for a couple of days but I am back and I bought the dip while I was gone. I added to my QQQ position at around $687 a share, which happened to catch almost exactly the bottom on that flush-out move. I also bought Broadcom on June 4th as a new position. This morning I make the case for why buying the dip is not a trading strategy, it is a long term investor's mindset. If you understand that the system we are in is built for asset prices to go up over time, you stop panicking and you start buying. I also push back on the idea that buy the dip only works for people who started investing after 2020. I have been doing this since 2015 and the math has always been the same. Own assets, stay invested, and let the system work for you. Rigatoni Capital is a daily morning podcast for long term, buy and hold investors. This is not a show for short term traders or people looking for quick wins. Every morning I go through the most important headlines in finance, markets, and macro, and call out fake narratives in the financial media so you know what actually deserves your attention and what to ignore. Subscribe to Rigatoni Capital on Substack: https://rigatonicapital.substack.com [https://rigatonicapital.substack.com] Disclaimer: This blog is for informational purposes only and does not constitute financial advice. All opinions are my own, and I am not a financial advisor. The information provided reflects my personal views and is intended to encourage discussion and thought among readers. Investments involve risk, including the loss of principal, and past performance is not indicative of future results. Always conduct your own research or consult with a qualified professional before making any financial decisions. #investing #stocks #finance #wallstreet #stockmarket #investor #wealth #money #financialfreedom #passiveincome #dividends #compounding #longterminvesting #buyandhold #valueinvesting #portfoliomanagement #bitcoin #crypto #macro #Nasdaq #SPY #QQQ #SP500 #BuyTheDip #Broadcom #AVGO #DollarCostAveraging #BehavioralFinance #Nvidia #NVDA #stockanalysis #marketwatch #RigatoniCapital $QQQ $AVGO $NVDA $BTC $SMH

Emergency Podcast: I Bought Broadcom Stock

The Nasdaq had one of its worst weeks in over a year, semiconductors sold off hard, and I came on over the weekend to tell you exactly what I did and why. On Thursday I bought Broadcom at $409 a share, and then the dip kept dipping. The stock is now trading around $385 and I am down about 6%. I walk through my full thought process on why I bought it, why I think the selloff was overdone, and why the Google MediaTek headline that spooked the market was not new information to anyone following the story closely. I also share my honest take on the behavioral finance side of this, because five years ago being down 6% on a new position would have eaten at me psychologically. It does not anymore. I also cover the broader Nasdaq selloff, whether this is the beginning of a rotation into financials, and close with a great clip on why buy and hold almost always beats trying to find the next best thing. Rigatoni Capital is a daily morning podcast for long term, buy and hold investors. This is not a show for short term traders or people looking for quick wins. Every morning I go through the most important headlines in finance, markets, and macro, and call out fake narratives in the financial media so you know what actually deserves your attention and what to ignore. Subscribe to Rigatoni Capital on Substack: https://rigatonicapital.substack.com [https://rigatonicapital.substack.com] Disclaimer: This blog is for informational purposes only and does not constitute financial advice. All opinions are my own, and I am not a financial advisor. The information provided reflects my personal views and is intended to encourage discussion and thought among readers. Investments involve risk, including the loss of principal, and past performance is not indicative of future results. Always conduct your own research or consult with a qualified professional before making any financial decisions. #investing #stocks #finance #wallstreet #stockmarket #investor #wealth #money #financialfreedom #passiveincome #dividends #compounding #longterminvesting #buyandhold #valueinvesting #portfoliomanagement #bitcoin #crypto #macro #Nasdaq #SPY #QQQ #SP500 #Broadcom #AVGO #Semiconductors #SMH #BuyTheDip #Financials #XLF #Palantir #PLTR #NVDA #BehavioralFinance #stockanalysis #marketwatch #RigatoniCapital $AVGO $NVDA $BTC $QQQ $SMH $XLF