2 new stocks in my portfolio (July portfolio update)
As always, at the start of the new month, we share with you our current portfolio, its performance over the last month, and any changes and additional commentary.
Welcome back to our monthly portfolio update!
As always, at the start of the new month, we will share our current portfolio, its performance over the last month, and any changes and additional commentary.
Feel free to ask me anything in the comments!
But first things first. As we are planning our analysis for July, this is your chance to let us know what you’d like us to post about. Fill in the poll below to cast your vote!
June was another great month for investors. The S&P500 continued its successful run so far in 2024, gaining a very sweet 3.4%. This brings the total YTD gain to 14.5%, making it one of the better first halves of a year in history. The other large U.S. indices didn’t do much worse either:
The Dow returned 1.43% in June
The Nasdaq returned 5.82% in June
Positively, our portfolio also performed well, continuing to outperform the S&P500. This last month, our portfolio rose 6.1% in value, almost double that of the benchmark. This brought our YTD gain to 16.3%, just about edging out the S&P.
However, looking at our performance since January 1st, 2022, when we started to monitor our portfolio performance closely, the gap to the S&P500 is much more significant.
As visible below, we have edged out the global benchmark in each of the last 2.5 years, leading to a total return of 37.1%, way ahead of the S&P’s return of 13.9%.
This was a great performance, and it was much better than we had ever expected. You can check out our full performance below.
As I also wrote last time out, in terms of performance goals and strategy, let me clarify that I aim to outperform the S&P500 over the long run, ideally achieving double-digit long-term returns through active management. This doesn’t mean I need to outperform every quarter or year. I am in it for the long term and set my portfolios up that way.
Also, I am not focused on finding multi-baggers but on managing my portfolios with a below-average risk profile, buying high-quality, most often profitable companies with a solid moat, excellent management team, and superior product offerings. Once I find such a company and feel like it is valued fairly, allowing me to achieve medium—to long-term double-digit returns, I pull the trigger and add it to my portfolio.
Finally, I only sell a stock once my investment thesis is broken or if I see better opportunities.
On that note, let’s take a look at my portfolio, transactions, and watchlist!
June Transactions
Right on the last trading day of the month, last Friday, I pulled the trigger on two stocks on my watchlist: