WealthWise Performance Report + Ratings Revision
Performance Benchmarked to $SPY
Since I started this substack on March 29th, 2023 my portfolio has returned a total of -10% annualized as of October 19th, 2023.
In my last performance report my portfolio had a total return of 121% annualized as of July 16th, 2023.
The large discrepancy is owing to annualizing returns which magnifies returns from the most recent additions to the portfolio. A more accurate way of looking at it is that the entire portfolio is up $3 against a total investment of $4500 (please take note these investments were added over a period of 6 months and not as a lump sum, ig: $1200 of the $4500 was invested just 2 weeks ago and have been invested only for 2 weeks).
The portfolio is essentially flat. You can see this on the chart here in detail.
During the same period, $SPY delivered a total return of 8.38% (15.46% annualized).
Commentary:
Essentially the portfolio took a nose dive because of Green Energy, Crypto and Space stocks. I recently posted an article to cover most of these, please take a look here.
Essentially, green energy is down owing to interest rates, Crypto has been in a slump for a while and is expected to re-emerge by Q1, next year and space stocks suffered owing to Rocket Lab specific news + as part of the broader weakening of small cap stocks.
Here is an update on what I am doing to my positions:
[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.
[Holding]
$BTC (Looking to add)
BITX 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.
[Sold]
VOO 0.00%↑ - I sold out of VOO once I realized that by definition I am going to get average returns by holding the market average. I prefer a mix of a few specific ETFs which I will write about soon.
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.