Performance Report + Ratings Revision

50% Annualized Return; Outperforming S&P 500 by ~60%

Since I started this Substack on March 29th, 2023 my portfolio has delivered an average annualized return of ~50% as of October 17th, 2024. During the same time period $SPY has returned an average annualized return of 30.95%.

On a total return basis, the portfolio has earned $2,442 for a total invested ~$6900, which is approximately 35% return. Please take note that some of these investments have been invested for longer than a year and some for less than a year which is why I encourage you to focus on the annualized return of 50%.

You can find the details of positions held and how they have performed over the past 1.5 years here.

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The entire portfolio is now doing very well with the exception of names related to Renewable Energy. Initially, Renewable energy was struggling because of high interest rates. And while, interest rates remain high (but coming down), Renewables are now being held back because of US Elections.

It is no secret that the democrats are more supportive of the Renewable energy sector while Trump believes climate change is a hoax. Trump has even made comments about on the Inflation Reduction Act. The market does not like uncertainty and hence, the renewable sector is hostage to November’s ballot.

As I have mentioned before, I don’t think there is any escaping from Climate Change, as was made obvious by Hurricane Helene and Milton. I would argue nature is still being nice to us and things will get a lot worse before it’ll get better and it will get better. But as things get worse, more and more climate change deniers will start switching sides. It will happen, it’s only a matter of time.

In conclusion, I am ecstatic with WealthWise’s performance over the last 1.5 years. Being able to beat the S&P 500 handsomely and consistently. As small caps start gaining more ground, I’m expecting the next 3-6 months to be very productive.

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Here is an update on what I am doing with my positions:

For all the tickers that I still own, my thesis has not changed and I am still bullish and adding to some of them. You can find my thesis here if you missed any.