March 2024 Report

I’m not making much head way this year with a loss of -0.33% in March. It doesn’t help when Apple (my largest position) declines ~ 5%. I’m just glad that Constellation Brands gained ~ 9% and helped to keep the portfolio’s loss contained. Cash remains at ~ 8% and will deploy when opportunities arise.

I’m maintaining a relatively conservative approach with the goal of capital preservation. I don’t think I will ever go All-In in any position like I did in my early years. I guess you get wiser as you age. I experienced the 1997 – 1998 Asian Financial Crisis, 2000 dot.com bubble and the 2008 Financial Crisis. The last thing I want to do is to lose a big chunk of my portfolio on a dumb bet.

Tesla is starting to look interesting with its recent decline. Fundamentally, they are currently in a rough spot with the macro issues, but they are the clear leader in their segment. It is interesting that I am seeing more used Tesla’s for sale at a local used car dealership. It used to be a rare to see a used Tesla for sale, but now it’s very common. The difficult part is how low will the stock go?

 
2024 Performance = + 0.68% with the running monthly returns as follows:

January + 0.02%
February +0.99%
March – 0.33%