September 2023 Newsletter In my August 2023 Newsletter, I discussed the problem of Market Breadth: too few stocks influencing the entire market. If you thought that was the only problem the market has, you would be wrong. In this Newsletter, I am talking about how expensive US stocks are and why one day we might … Continue reading Are US Stocks Too Expensive?
Tag: #stockmarket
August 2023 Newsletter In a few short months the portfolio has gone from a small beat to lagging by 2.4% - see performance stats further down. Don’t get me wrong, it’s still a nice return, but its concerning as the situation worsened at one point during the month, lagging by 3.5%. I usually start looking … Continue reading Why Does the Market Have Bad Breadth?
May 2023 NewsletterIf you read my last newsletter, you will know that I made a speculative stock bet with First Republic Bank (FRC). Banks are normally not speculative, they are usually pretty safe, but not in this case. As mentioned before, banks exist almost solely based on the confidence that if you deposit your money … Continue reading How I Lost My Entire Investment!
I am often asked how I invest to beat the market. I attribute my success to developing simple market strategies but more importantly, following lots of investing rules! For more than a decade, this approach has worked quite well, and I’m sharing it with you here.
Since last month, the market has swung back and surprisingly gained almost 6%. Who saw that coming? Keep in mind it’s early days… not yet time to start counting chickens. Nonetheless, as this is a monthly newsletter, I think it makes sense e to observe the effects of this latest market move on the hobby portfolio and assess how the new strategy is working out.
Every so often I review a sector within my portfolio to make sure that the individual positions still make sense. A review of my Energy stocks reminded me how much I despise that sector. Why? Because Energy stocks do not act like normal stocks. They have an additional level of complexity based on the underlying … Continue reading Why I Hate Energy Stocks… but Still Have Some
Originally published July 18, 2021 As most of you know, I have restructured the portfolio to be more defensive, i.e., I paired down high flyers like Shopify, Kinaxis, and Amazon, deviating away from communications and tech companies while increasing financials and energy. This deviation is a defensive move to counter the historically frothy market, particularly … Continue reading The Cost of Being Different
Originally published November 22, 2020 November is a big month as I have rebalanced the portfolio, and added a couple of new positions all in an effort to set up the portfolio for the next six months. I don't like trading in and out of positions except when rebalancing and prefer to keep things simple … Continue reading Portfolio Update & Rebalancing
Money with Marc 