WealthWise Performance Report + Ratings Revision
Delivered annualized returns on 32.23% since inception
Since I started this Substack on March 29th, 2023 my portfolio has returned an average of 32.23% annualized as of January 17th, 2024. During the same time period $SPY has returned 25.31% annualized.
You can find the details on this chart here.
Commentary:
The portfolio has done quite well in the last 9 months. However, renewable energy is still down quite a bit owing to interest rates. However, as we are all aware, the Federal Reserve has plotted 3 rate cuts this year and regardless of when they start, the fact is that they are on pause and will start cutting next.
As and when the Fed starts cutting, these renewable energy stocks are going to see a revival as borrowing money becomes cheaper and people will start buying homes, doing renovations and buying cars. All of which feed into the renewable energy stocks.
In my last performance report I had mentioned, “Crypto has been in a slump for a while and is expected to re-emerge by Q1” and we saw exactly that. All my crypto investments have recovered handsomely since that post.
Here is an update on what I am doing with my positions:
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.
[Buying]
[Holding]
$BTC
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.
I haven’t included my most recent article on India in this analysis because it makes the annualized numbers wonky. Going forward, I will not be including any recommendations made in the 30 days prior to publishing the performance analysis.
High level notes on some of the investments:
RocketLab:
With the recent launch failure, Rocket Lab has been on shaky grounds but then it completed a successful launch after the failed launch. Neutron development has also been slower than I anticipated.
Nvidia:
I’m at 87.5% to target allocation on Nvidia based on my equity. I have not been taking profits on Nvidia as it goes up (based on what I mentioned in my article) because Nvidia didn’t go up like I thought it would. My expectation was the stock will bleed higher but the stock was instead stuck below $500 for almost 6 months before breaking out. Owing to this behavior, I think Nvidia could shoot higher (as it has been doing lately). So I'll wait for it to go past my allocation target and I’ll start rebalancing and taking profits on the other side.
Apple:
I am continuing to add to Apple as long as it is below $185. The 200 day moving average is ~$180. If Apple breaks $180, some caution is warranted.
Bitcoin, Riot & Mara:
I sold most of my call options to book profits across all three (except Riot, where I only sold 25% of my call options). However, in recent days I bought back some Mara calls. Haven’t taken any profits on the stock position or on Bitcoin.
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.