Friday, August 30, 2019

August 2019 Performance


Yup, you guessed it, I didn’t do a thing in August. Surprisingly I was able to eke out a gain in the face of this volatility. This has been the most challenging market for me in terms of finding new ideas to put money in. It’s a bit frustrating, but just have to wait it out. I am starting to do some research on foreign stocks to try to find some good values.

Looking back… It’s interesting to see how my investing style has evolved. I started off as an aggressive growth investor and just went with high flying momentum stocks. From momentum investing, I transitioned to special situation plays. I really enjoy the special situation plays as there is usually an end game where you can make some nice $$$ if you’re right or it can just blow up in your face. Now, I am more focused on dividend paying stocks as I start to appreciate the compounding effect of dividend reinvestment. I’ve learned to be flexible with my investment style as market conditions change.

Ok, enough of my rambling…


2019 Performance = +28.56% with the running monthly returns as follows:

January +7.4%

February +3.7%
March +5.06%
April +7.15%
May -7.90%
June +8.2%
July +1.88%
August +1.00%

2 Comments:

At September 11, 2019, Anonymous Anonymous said...

That was some nasty sell off on V and MA

 
At September 13, 2019, Blogger Money Turtle said...

MA and V had a great run this year so not surprising they are pulling back a bit. Still not low enough for me to consider adding to my position.

 

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