Welcome to my portfolio update for March, we started the month much the same way as previous months. Seeing losses across the majority of markets as the conflict in Ukraine, inflation fears and supply issues continued to be an issue.
Into the middle of the month things began to turn around in some areas seeing us wipe all the previous losses from the portfolio with over 10% gained. I continued to stress that very little had actually changed in the dynamics mentioned above and so the gains we were seeing may not be a full return to a bull market. Many stated that the upswing marked the return of tech stocks, however, this is simply not true. Many tech stocks did indeed see solid gains, but there were still many in this segment remaining stagnant and some registering losses.
The final trading day of the month also saw another significant drop in the S&P500 and across markets. The reality check kicking back in as we roll into April.
As ever, the market stagnation is temporary and I am confident that in time the situation will improve. The best times to invest for the long term are during moments like these and by continuing to take a long term view, in years to come the past few months will be a blip.
Now is the time to plant seeds for the future
I continue to add to equity on a monthly basis and maintain a solid cash reserve, remaining ready for further opportunities.
It remains a great time to copy the trading portfolio on eToro, picking up many positions at a lower price than I paid. Meanwhile we will wait out the storm and be rewarded for our patience...
As always,
Elevate your goals, elevate your happiness
Happy Trading
David