I’ve spent the past few months creating something new and I’m excited to finally share it with you today. It’s a social experiment where my portfolio is managed based on your votes.
It’s called WeRamp.
The most important part of this crowd-sourced portfolio is that I need your engagement for it to work properly.
Here are the rules:
At the start of each week—typically on a Monday—I will run a poll on Twitter and leave it open until the last trading day of that week—typically on a Friday. The poll will ask my followers which stock I should buy at the market close of that trading week. (Because of the shortened first trading week of 2020, the first week’s poll will be run on 1/1 and close on 1/3.)
I will choose the four stocks that will be in the poll each week. Some of the polls will be random, others will be oriented by sector, momentum, value, market cap, etc., but I will listen to input from voters on which ones to add each week.
After each weekly poll closes, I will purchase the stock that receives the highest amount of votes at the market close of that week—no questions asked. I will #RampStamp this trade by taking a screen recording of it and posting the trade to Twitter and the WeRamp page. (The site will be unlocked after the first stock purchase.)
As it currently is designed, each weekly stock purchase will account for approximately 20% of the portfolio until the portfolio is 100% long after week 5.
Once the portfolio is 100% long, the stock that has been held in the portfolio for 5 weeks will be included in the next Twitter poll. The voters will determine if it should remain in the portfolio for an additional 5 weeks or if it should be replaced with a new stock. If a new stock wins the poll, the legacy holding will be sold at the market close of that week and replaced with the new stock. Note: Depending on how this rule plays out, I may end up putting term limits on how many times a stock can be voted to remain in the portfolio.
I am putting up $10,000 of my own money to fund this—weird flex, but okay. At the end of the year, the capital gains (if any) of the portfolio will be donated to a local charity. Note: I’ve kicked around the idea of letting the voters fund part of the portfolio. If I decide to do this, I will open a link to donate via PayPal or Stripe. Then, every month, I will pool together the donations and import them to the brokerage account to give more buying power. Unfortunately, I do not have a nonprofit business entity set up for this venture which would make it more tax advantageous for myself and any donors—hence the reluctance to let anyone donate.
The rules are pretty simple. You have the power to run my portfolio. Don’t screw it up.
I will keep track of the initial cost basis and returns over time. I will also be tracking the four stocks that are in the Twitter poll each week and the voters’ win rate.
I’ll be doing frequent random giveaways only for weekly newsletter subscribers—so I’d suggest you subscribe and tell all of your friends. I’m talking about books, wallets, swag, clothes, CBD, sparkling seltzers—you name it. I shall use my influencer status for the good of all and give it back to you—the people. (Void where prohibited. No purchase necessary.)
If you would like to advertise on WeRamp or provide a giveaway prize to email subscribers, please email me at timestamp@330ramp.com. Or if you have any suggestions for improvements or to make this as interesting and fun as possible, please drop me an email.
Full Disclosure: If for some reason shit hits the fan, I have the power to pull the plug on this experiment at any time. THIS IS FOR ENTERTAINMENT PURPOSES ONLY. Read the full disclaimer here.
This is probably the top.
Welcome to WeRamp.
www.330ramp.com provides information only. It is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. The publishers of www.330ramp.com are not brokers, dealers or registered investment advisors and do not attempt or intend to influence the purchase or sale of any security.
Read the Full Disclaimer here.