Monument #12 - What I Learned As An Investor in 2023.
I made a video recently titled “My Stock Portfolio Update! How I Made 158% Return YOY Growth!“ I described how well my portfolio performed during 2023, this video is approximately 2 to 3 weeks old and since then my portfolio has once again improved massively that being said we're bringing back the Substack newsletter as I find this is one of the best ways that I enjoyed communicating with everyone who subscribed to our channel once again, thank you. I invest to gain knowledge and conduct research.
This is the performance of my portfolio from 27th December 2022 to 24th December 2023. We are up by +254.26% compared to the FTSE All World which has gone up by +14.81% in the same period.
My stock portfolio did relatively well in 2022 however, I still suffered some losses and this gave me the knowledge that I needed to improve in 2023 with this. I learned some crucial mistakes I learned how to correct these mistakes. I learned that this strategy I was using was good, however, compromised and flawed, ultimately I looked to improve upon the strategy in 2023 and I believe the new strategy has worked brilliantly.
This strategy, my 20,23 and 2022 strategy are very similar in the sense that what I did was simply flip them around. The strategy I had for 2022 on principal. It was great. However practically it had some flaws for 2023, I simply had to remove the element of flaws which in turn is the element of risk by removing these risk these high risks, I put myself less steak, and more in the line to capitalise on any downturn in the global market, and this is a strategy that in itself I will continue to improve for 2024.
Stock Portfolio Update! I Made 158% Return YOY Growth!
Business I’m Watching!
Costco
Why am I interested in Costco?
It is recently occurred to me based on a small amount of research that Costco is undervalue, despite share price being $673.94 as of the 27th of December 2023. It's hard to say by how much and this might sound ridiculous to say out loud, but based on my research, I’m confident that this company is undervalued.
Costco appears to be in great management. The entire business seems to have a huge advantage, this is also a growth company. This is a company that's fully focus on growing year after year and I it doesn’t look like they’ll be slowing down anytime soon. It's just not in the company nature and this is a great thing for any investor.
Books I’m Reading!
The intelligent Investor
The Decision Book
Psychology of money
Zero to one
Working hard or hardly working
Books on my Watchlist
Feel Good Productivity By Ali Abdaal
What’s Next? Coming to the channel soon
Watches of Switzerland Stock Video
Rolls Royce Stock Video
Luxury Timepieces
Due to my recent investment in Watches of Switzerland I've developed a new affinity for timeless luxury timepieces. I've grown to like watches quite a lot more than I've ever had in my entire life and perhaps my favourite in particular is the Cartier Santos.
Watches of Switzerland, are one of my proudest investments. This gives me great purpose to speak on the products that they directly distribute. Having a great understanding of the products that my company is responsible for distributing directly to customers, affords me, the luxury of participation in such a way that you might understand.
