Welcome to the first portfolio update of 2022. I hope all your new year's resolutions are going well!
It was a rough start to the year with markets continuing to retract through early January. Largely in part due to tensions in Ukraine and fears this would escalate. We'll come back to the 'F' word later! With some of the strongest long term stocks taking a sharp drop this provided an excellent opportunity to invest some of our cash reserve to shore up positions. Around 7% of portfolio value was added and invested allowing us to take advantage of the climb which began towards the end of the month.
This also allowed us to recover a significant amount from the drop sustained during the downturn in recent months and sets up the portfolio well for the year ahead.
My main focus in the coming months will be the continued balancing of the portfolio, looking at allocation with an aim to redistribute some risk. Strategy remains unchanged, with a medium to long term approach copying my portfolio is not designed to appeal to those looking for short term gains. Patience through tough moments like the last few months have shown us is very much required. Through this patience, as well as careful decision making we have continued to see growth in the portfolio. My aim is to continue this steady growth through 2022 and beyond. Feel free to check out my portfolio here
As stated in previous updates the downturn we experienced over the last few months provides the greatest opportunity to invest. Most people tend to do the opposite and pull out their cash during these moments out of fear and this is why investing becomes about the transfer of wealth from the impatient to the patient.
This being said the current situation also provides an excellent opportunity to copy my portfolio on eToro, giving you access to all my trades in a single click. In some cases a copy at this point means you would be opening some trades at an even lower price point than I entered and so potentially stand to gain more.
If you haven't started your eToro journey and want to learn more click here I am happy to answer any questions too. Check out the 'About' section of this site to learn more about my strategy.
My outlook for the year ahead is, as I've said before, very positive. As the world begins to assess life with Covid and moving forward, we will begin to see more and more confidence return to markets. Technology continues to drive enormous growth and blockchain and metaverse projects are flourishing.
I wish you all every success for the year ahead!
As always,
Elevate Your Goals, Elevate Your Happiness
Happy trading
David