Monthly Portfolio Update (June 2th, 2024)
Our monthly portfolio and performance update, including some info about our publishing schedule
Hi all,
Thank you for checking out this latest post, and welcome to all our new subscribers, of which there are many! I know we have been a bit quieter in recent weeks due to a high workload, which led to a slightly lower volume on this platform.
Positively, we are back on track and have a lot of exciting content coming up, including much more value for our paid subs! In relation to that, we would like to offer you all a 2-month free trial to see if our premium content is something for you!
What can you expect as a paid subscriber going forward:
Full access to our portfolio and monthly updates.
Receive full access to our monthly Market Review economic update, giving you all the intel on economic and market developments and projections.
A number of stock coverage posts monthly, including updated investment ideas (including financial projections and target prices) and earnings updates
Overall, there is quite a bit more value than before, so make sure to take full advantage of the two free months through the link above!
(Note: We will send out a reminder after 50 days to let you know this trial is about to end to avoid you being charged unwillingly. This will give you the chance to choose whether you want to stick with premium or not:))
However, don’t worry; our free content will remain the same as before, with a completely free comprehensive deep dive or investment idea posted every Sunday and a regular free mid-week post. Nothing will change for free subs!
We have a bunch of free content coming up over the next two weeks alone, including on:
Salesforce
Lululemon (in collaboration with
)A review of today’s economic and market environment (in collaboration with
)A deep dive into First Solar and Crowdstrike, as you all requested.
and a collaboration with
and , laying out our top 3 buys in today’s market, coming out this next week!
So, stay tuned, and please share Rijnberk InvestInsights with family and friends or on social media to help us grow further!
Finally, here are some other publications you should subscribe to for quality investing content!
Make Money, Make Time by
Quality Stocks by
An Update and Review of our Portfolio
On that note, let’s delve right into the portfolio, starting with performance. We saw markets regain some of the April losses last month, with the U.S. benchmarks showing solid returns:
Dow +1.73%
S&P +3.41%
Nasdaq +4.93%
We are happy with the performance of both of our portfolios. Yes, we are introducing a new portfolio this time: my long-term retirement portfolio, which has a large portion invested in ETFs. This is how they both performed over the last month:
Retirement: +2.43% (4.1% ex-FX)
All stock +1.78% (3.5% ex-FX)
You can see me mentioning two numbers for each, as I have a European broker and have quite a bit of exposure to FX changes, sometimes positive and sometimes more negative. The first number is my returns in euros, while ex-FX is my actual portfolio performance comparable to the benchmark performance.
From that perspective, I am very happy with last month. Both portfolios once again outperformed the S&P500 benchmark. The portfolio has done so since January 2022, when we started tracking the performance. You can see this below.
In terms of performance goals, let me clarify that I aim to outperform the S&P500 with both my retirement and all-stock portfolio, 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 significant 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 me share both portfolios and update you on the most important developments for each key holding!