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%
February +0.99%
March – 0.33%
4 Comments:
Gap around 145-150 zone, but then it’s hard to bet against Elon and his companies and what he/his team is achieving.
Probably a good place to start averaging down. Something I seldom ever do, but I have no doubt that Tesla will make a comeback.
Hope you were able to pick some Tsla shares.
Unfortunately, I did not. The gap to 145 - 150 was a good call!
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