Hello and welcome to the final portfolio update for 2021. I'd like to wish you all a happy new year and all the best for 2022! December proved to be a disappointing month to end the year, but not altogether unexpected. Despite all the bad news with Omicron variant dragging the markets, inflation fears continuing to impact them and an overall loss of 4% for the month there is still some good news. For the 2021 year we gained a reasonable 15% trading profit with portfolio size almost doubling overall. It wasn't the profit I had hoped for in 2021 however several factors have had an influence over the course of the year. I'm also very pleased to have completed yet another year in a row in profit! This kind of consistency is what I am aiming for with the portfolio and as I've said in the past I have a medium to long term, steady portfolio growth strategy with low risk.
Trading activity was light this month as it proved best to hold, consolidate and weather the storm. We only made one new trade in December, taking advantage of some bad news for Cineworld (the double hit of Omicron fears and the Cineplex lawsuit ruling). Cineworld dropped over 40% from an already low point within 24 hours and this gave us an excellent entry point. Indeed the knee-jerk reaction was short lived and that trade was up as much as 20% within a few weeks!
Growth stocks have been among the hardest hit this year in many cases and as my portfolio is quite future centric and growth based this has lead to lower profit overall for the year than expected. I am confident that we'll see an even stronger economy in 2022 and look forward to another fantastic year. Highlights from 2021 are many, some of my favourites being the Nvidia trade closed at a whopping 99.9% profit. Huge profits taken on Tesla and reinvested into expanding the portfolio. Multiple trades at over 50% profit on Virgin Galactic. The re-entry of the portfolio into the Crypto space with Mana and of course being able to see many wonderful copiers and followers begin their investment journeys and grow their portfolios.
As I've already said I am confident 2022 will be a great year for the portfolio and I will be targeting 20-40% trading profit for the year. I will also be continuing to deposit around 1% of portfolio value in addition each month for the foreseeable future.
This year I hope to find more time to do some deep dives into some of my long term positions, as always I'm open to any suggestions of stocks/cryptos/markets you'd like me to cover.
Once again, it's a fantastic opportunity to start copying the portfolio if you haven't already. It'll be great to have you on board. Once again all the best for your 2022! Don't forget to follow me on eToro to keep up with the latest.
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As always,
Elevate Your Goals - Elevate Your Happiness
Happy Trading,
David