WealthWise Performance Report + Ratings Revision
Performance Benchmarked to $SPY
Since I started this Substack on March 29th, 2023, I have written about 23 tickers which have returned a total of 121% annualized as of July 16th, 2023.
During the same period, $SPY delivered a total return of 12.75% (43.71% annualized).
I would focus on the Total Return Column for the most part. I included the Annualized Return column just to compare apples to apples across tickers in terms of time.
(The numbers look crazy because some of the tickers have doubled since I published about them and owing to it only being a few months since I published, the annualized numbers look unusually high. BTC for example, was published only a few weeks ago, any tiny movement in stock price will have an exaggerated move in the annualized return)
You can find the list of tickers and the performance delivered below.
Total Returns Since March 29th, 2023:
Buying
For all the tickers that are down, my thesis has not changed for any of them and I am still bullish and adding to my current position. You can find my thesis here if you missed any.
$BTC
Holding
For most of the tickers that have gained, I am still holding steady and looking to add more on pull backs in some cases.
XLK 0.00%↑ (Looking to add)
VOO 0.00%↑ (Looking to add)
SPGP 0.00%↑ (Looking to add)
TSLA 0.00%↑ (Looking to add)
NFLX 0.00%↑ (Looking to add)
ABR 0.00%↑ (Looking to add)
NVDA 0.00%↑ (Looking to add)
I am not selling any of my core positions. While some of these stocks have run up a lot, they still have a lot of potential. While not all of them will succeed, some of them will deliver huge returns dwarfing the losses of the ones that don’t. Having said that, taking profits is encouraged. Remember, you don’t have to buy or sell, all at once.
Selling
I am selling all my trades and short term positions tactically over time, mostly using limit orders.
Selling Leveraged positions like $TSLL, $SOXL & $TQQQ (I’ve not written about these yet).
Booking profits in naked leap calls on a case by case basis (Most recently a sold a lot of $UBER & $RKLB).
Past performance is no guarantee of future results.
The ideas discussed in this article should not be constituted as investment advice.
Disclosure: We own positions in some/all of the tickers mentioned in this article.