Friday, March 29, 2024

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 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%


At March 29, 2024, Anonymous Anonymous said...

Gap around 145-150 zone, but then it’s hard to bet against Elon and his companies and what he/his team is achieving.

At March 30, 2024, Blogger Money Turtle said...

Probably a good place to start averaging down. Something I seldom ever do, but I have no doubt that Tesla will make a comeback.


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