Thank you for sending in questions and feedback!

I got plenty of great emails this week.

Keep sending them in at AskDavis@paradigmpressgroup.com.

Let’s get to this week’s Q&A:

You wrote this week that Amazon is your new favorite stock. If this is the case, what percentage allocation would you give it in your Million Mission portfolio? Are you viewing Amazon as a forever hold that will be treated like a Walmart and Coca Cola? – Scott

Scott, great question.

I’ve been pounding the table on Amazon for months. I even added it to my “Perfect Portfolio” back in January.

But the Million Mission plays a different game.

This portfolio is built around high flyers – stocks that can move fast on near-term catalysts.

Amazon is more of a long-term compounder.

Could I add it? I might.

But it wouldn’t be a large position. Not because I lack conviction, but because it doesn’t fit the high-velocity profile I target there.

Amazon makes no money on anything but its web services. Everything else either squeaks a profit or loses money entirely. Tesla also is making its own chips and leading autonomous vehicles. I just feel the bets are almost the same, if not favor Musk. – James

James, and I’ll say this upfront, you’re our resident Tesla supporter, so I know where you’re coming from.

You’re somewhat correct on Amazon. Amazon is still largely driven by its cash cow Amazon Web Services business.

But I think the market is underestimating what’s forming beneath the surface.

Chips and advertising are becoming real businesses.

And then you layer on the optionality:

• Zoox in autonomy

• Leo satellite network

• Logistics, robotics, and Prime ecosystem expansion

At today’s valuation, you’re not paying much for those bets.

With Tesla, you’re right. Chips and autonomy are core to the story. But a lot of that upside is already embedded in the stock.

With Amazon, you’re getting a dominant cash-generating engine plus multiple high-potential upside bets that aren’t fully priced in.

That’s the difference.

In regards to your column about Bitcoin, Satoshi Nakamoto, and Adam Back. WELL DONE! A lot of work went into that. I wonder if we’ll ever really find out who Satoshi is. Probably not, but whaddaya think? – Jim

Here’s an interesting tidbit, Jim. The wallets tied to Satoshi Nakamoto hold roughly 1 million BTC… and they’ve basically sat untouched this entire time.

If Satoshi were alive and acting like a normal human, you’d expect something – even a small transfer. But there’s been nothing.

That leaves a few possibilities: either incredible discipline, the keys are gone, or Satoshi is deceased.

Adam Back is, of course, alive. Yet he denies being Satoshi.

But two of the other most compelling candidates – Hal Finney and Len Sassaman – have both passed away. If either was involved, that could explain the silence.

Will we ever know the truth? I’m hopeful. But probably not any time soon.

In regards to Paradigm’s $50,000 Top Trader Challenge, I thought there was going to be a list of the picks published, maybe I misread that. – Sean

Hey, Sean. You can view the full leaderboard here.

You can also see what stocks/ETFs our Paradigm editors chose here:

What are your thoughts on keeping a percentage of capital uninvested in gold (perhaps through an ETF, as that’s what I’m familiar with—though there may be better alternatives)? – David

Great question, David.

I’m not putting my idle cash to work right now. My broker is already paying me around 5% on it.

More importantly, I want flexibility in the Million Mission portfolio.

I’m watching for a broader market pullback and want to be ready to act quickly when it shows up. If that happens, I don’t want my capital tied up or my portfolio taking a hit at the exact moment I’m looking to deploy it.

I have been following your comments regarding Micron and had a question about its current position. I typically trade for income and sell mostly out of the money puts on blue chip stocks. I'm surprised at the premium that can be received currently even going 10 to 20% below current cost on Micron. Other than a missed earnings, is there anything else out of the ordinary one should be keeping an eye on? – Tim

Hi, Tim. I like your strategy. I do the same in another portfolio of mine.

The risk to Micron is that the current memory chip boom gets cut short.

At the end of the day, Micron sells a commodity product. And this industry has a long history of boom and bust cycles.

Hence the wild price swings and the big premiums on options.

I still like Micron, though. And so does James.

Important Update: Follow The Million Mission on Twitter/X

Big news: I just launched a Twitter/X account so you can follow along with The Million Mission in real time. If you want quicker insights, early reactions to breaking news, and a closer look at how I’m navigating the road to $1 million – this is where I’ll be.

Come hang out, ask questions, and follow the Mission as it happens @DavisPWilson.

Another Important Update: The Million Mission website is live!

I’ve gotten plenty of feedback regarding where to find previous alerts. Well, The Million Mission website is finally live and you can check out archived alerts here.

Portfolio Overview

Here’s what I’m currently holding in The Million Mission portfolio:

Fannie Mae (FNMA) – 2,500 shares @ $7.25/share

Uber Technologies (UBER) – 200 shares @ $80/share

Nvidia (NVDA) – 200 shares @ $179/share