June 2024 Report
Once
again, Apple pulls through with a very compelling presentation of Apple
Intelligence, which in turn generated a nice gain in the stock. I was skeptical
of Apple’s AI play and thought they would simply just integrate ChatGPT into
their iOS. The presentation provided many uses cases for Apple Intelligence,
which I can see myself using. Now, there’s no choice, but to upgrade to a new
iPhone if you want to experience these features. Considering what this device
can do, the cost of a new phone is really insignificant.
Not
much with special situations other than a small play on the Talen Energy Dutch
offering. Still continuing to sell Puts on tech plays to generate income. I’m
selling way out of the money options so I’m pocketing small premiums, but they
add up over time.
I
find that optimizing one’s tax situation is as important as generating gains. I
admit that I started late in adjusting my portfolio to minimize taxes. Things such
as waiting to sell ESPP shares until they become a qualifying disposition to cash
exercising employee stock options for long term capital gains. It’s only been
these past two years that I’ve started to take action on these tax saving
strategies. I guess these are good problems to have but should have started
much earlier. If you have time, YouTube is a great resource and that’s where I
learned many of these tax savings strategies. I just can’t bring myself to pay
a financial planner charging ~ 1% of assets for this advice.
2024 Performance = + 6.23%
with the running monthly returns as follows:
January + 0.02%
February +0.99%
March – 0.33%
April - 3.07%
May + 5.16%
June + 3.52%
January + 0.02%
February +0.99%
March – 0.33%
April - 3.07%
May + 5.16%
June + 3.52%
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