CRM
Salesforce, Inc.
stock NYSE

94% YTD, 52% last year....
Current Holdings: MU, MET, BRK-B, ROIV, FTRE, VSH, S&P, DIS, CRM, UNH, CSCO, GTLB, EVVTY, BA, KMB, VZ

I bought CRM $225 10/2 PUTs today, hope you are right!

I bought CRM today. But it looks like it could easily fall another 10% from here. 🫤

Down 1k on CRM shares today lol. Why you do this SaaS?

Tough to say as I sold quite a lot in the last few months to fund a real estate project but went from 550k in sept 25 when I decided I need to go in stronger on AI to 840k around June, dipped to about 780k in the tougher July and sold around 300K.. so around 42% in that period.
Main winners for me were GOOG, AMD, NBIS, NET, ASML.. now after selling I diversified a bit w software and for finance, CRM, NOW, SOFI and others bought at attrative valuations
Btw, What tech etf you were referring to btw..? QQQ is 21% ytd.

Who pays? What is the value prop? I can see this going every possible direction. Anthropic CRM, Anthropic Mobility, Anthropic Pharmaceutical.
None of these exist yet as fully formed businesses. Investors don't have a clear story to latch on to.

CRM

See, i am invested in both.
I love my country even though i feel it's absolute shite for my profession (I'm a doctor), i do mutual funds and individual stocks in India, this year was honestly great for me. I made multiple wins over 200%. In bajaj consumer, monq50 recently , silver run, all these netted me good returns for my capital.
US markets are leading the way in the world. They're full of innovations, latest research, huge budgets for r&d, companies that can be trusted. They hit their numbers or market punishes them big time. I pay attention to their conference calls and their guidance. I hit multiple wins in us markets too, crwd, hut8, hq, Nvidia, heck even aapl has given me 35% returns.
Indian markets , man what do i even say!! Our biggest private bank is a scam, public sector companies don't grow at a good rate, miniscule budget for r&d, service based tech companies, btw they (service companies) got wiped out in the US, most of them are down and recovering, but they all pivoted. SaaS companies endured the saaspocalypse, some came out winners like NOW, MSFT, CRM, I'm personally invested in NOW and MSFT have made good returns on both.

Had a lot of conviction on NOW and CRM. Started buying at 85, added at 120, then it went down, then up huge. 140 now, had I held all the way, that would've been a +64% swing on 100k. But didn't I sold out too soon . For 12k Profit.

Of course its not binary open source/not open source, but instead of going 70-90% open source from what i saw most companes go for 20-40% open source technologies in their stacks.
I never saw an open source ERP or CRM software in any company.

BTI (held for many years with an average of 33, excluding dividend). Annual yield is well over 12% so I will let that compound further. By far biggest position
Target
Servicenow
Wolters-Kluwer
Microsoft
Aperam
Pfizer
Vale
Pag Seguro
PetroBras
Nomad foods
Arcc
Hercules
Corbion
Duolingo
Lyondell Basel
HPQ
Accenture
Randstad
Ahold Delhaize
This is not everything but would also not recommend most to hold as many positions. Not included are Oil trades (Equinor) or stuff like CRM.
One could argue Microsoft/Duolingo has AI exposure as well
Background is business admin and economy

CRM and NOW are AI beneficiaries, though. Their run up is due to market realizing that.
They work as the infrastructure layer for AI agents.

Suddenly IPO delayed for AI-monsters.
$NVDA CEO of course jump to smooth it, because he has to sell GPU, otherwise crash like Enron.
Market cap pump by vibe not by earning, $AMD look market cap, compare to $PEP $PG $CRM $NKE $BA $ASML & many.
$QQQ $SPY at vix 14 handle, heading midterm time?
https://preview.redd.it/v59bkd93k0rh1.png?width=745&format=png&auto=webp&s=da08c94c4ca100cb65331b1da80d7b8d61ba0fbe

Only exposure is through a bit of software that was bought on a low (CRM, NOW, HPQ and WKL). CRM is no longer in portfolio. More of a contra to AI if anything
Rest that performed even better were commodity plays, consumer goods/retail, consultancy stocks like ACN and Randstad etc

94% YTD, 52% last year....
Current Holdings: MU, MET, BRK-B, ROIV, FTRE, VSH, S&P, DIS, CRM, UNH, CSCO, GTLB, EVVTY, BA, KMB, VZ

I bought CRM $225 10/2 PUTs today, hope you are right!

I bought CRM today. But it looks like it could easily fall another 10% from here. 🫤

Down 1k on CRM shares today lol. Why you do this SaaS?

Tough to say as I sold quite a lot in the last few months to fund a real estate project but went from 550k in sept 25 when I decided I need to go in stronger on AI to 840k around June, dipped to about 780k in the tougher July and sold around 300K.. so around 42% in that period.
Main winners for me were GOOG, AMD, NBIS, NET, ASML.. now after selling I diversified a bit w software and for finance, CRM, NOW, SOFI and others bought at attrative valuations
Btw, What tech etf you were referring to btw..? QQQ is 21% ytd.

Who pays? What is the value prop? I can see this going every possible direction. Anthropic CRM, Anthropic Mobility, Anthropic Pharmaceutical.
None of these exist yet as fully formed businesses. Investors don't have a clear story to latch on to.