New Stock I Just Bought a TON Of (Oct 2026)

Stealth Wealth Investing•Oct 4, 2026

Summary

Luke presents a comprehensive thesis on 'value-based' long-term investing, emphasizing that life-changing gains are made by buying stocks when the surrounding sentiment is pessimistic and valuations make sense. Luke advises viewers to avoid chasing 'hot stocks' at all-time highs and to stop judging portfolio success by comparing it to the S&P 500 on a short-term basis. Luke argues that the key to success is identifying companies with strong underlying business performance that the broader market currently dislikes.

Amazon: Luke considers Amazon a core holding that is currently trading at one of its lowest valuations in history. Luke points out that despite persistent bearish sentiment since the 90s, the company remains a dominant leader in multiple sectors, including AI and AWS. Luke believes the company will be worth significantly more in five years and intends to continue buying while the market remains skeptical.

SoFi: Luke maintains a bullish stance on SoFi, stating that the company's fundamentals are significantly stronger today than they were when the stock was priced at $32. Luke argues that current concerns around the $15-$16 price range are driven by market sentiment rather than business reality. Luke plans to continue accumulating shares because the business is performing better than ever, supporting higher future valuations.

Netflix: Luke identifies Netflix as a new addition to the portfolio, highlighting that it is currently trading near its cheapest valuation ever. Luke emphasizes Netflix's immense pricing power, as subscribers generally remain loyal despite frequent price increases over the last six years. Luke also views Netflix as a defensive hedge against a potential AI bubble burst, as its business model is stable and not entirely dependent on AI success for its next growth stage.

Mentioned Stocks

AMZN

Sentiment: BUYAction: BOUGHT

Reasoning: Luke believes that every bearish argument against Amazon has been proven wrong over the long term. Luke highlights that Amazon is trading at one of its lowest valuations ever and remains a frontrunner in AI and cloud computing via AWS. Luke plans to continue buying the stock as long as Wall Street continues to undervalue its future potential.

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SOFI

Sentiment: BUYAction: BOUGHT

Reasoning: Luke states that SoFi's business fundamentals are remarkably better now than when the stock was at $32. Luke observes that while investors are worried about the current price (around $15-$16), the underlying numbers are stronger than ever. Luke previously bought the stock heavily under $10 and intends to keep buying because the fundamentals now support much higher valuations.

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NFLX

Sentiment: BUYAction: BOUGHT

Reasoning: Luke identifies Netflix as a new addition to the list of stocks being purchased. Luke argues that the company has incredible pricing power and is currently trading near its most attractive valuation ever. Luke specifically mentions that Netflix serves as a hedge against the AI bubble because its core business is robust and independent of AI-driven hype, even though AI may improve its margins.

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