Portfolio Reveal
My current holdings which have outperformed the market
Hello - I hope all is well. I apologize about the late post, I was at a wedding yesterday!
I figured this week I would show the current stocks I own which have outperformed the market this first half of the year. No, unfortunately I did not hold NVDA 0.00%↑ through the first half, but I held up just fine.
It is easy to write a post like this when things have gone well and profits have been taken. I imagine this would be a tougher post to write if I were to underperform the index. That being said, the six month time horizon is unfair, to both me and the index.
When purchasing a security, there is no promise the stock will go up from the price at which you bought, to the price you think it is worth. In fact, much of the time the stock falls further before seeing any life come back to it. Six months can be plenty of time, or it can be not near enough time to realize the total value of your holdings.
As you will see in my portfolio, some stocks I bought recently shot up, while others have fallen or remain flat. This does not mean my conviction is wrong, although it could be the case, but more so the market has yet to realize the value at which a businesses future free cash flows should be valued. A couple examples here are PYPL 0.00%↑ SBUX 0.00%↑ .
You may also wonder what is going on with NYCB 0.00%↑ and why am I messing around in an almost failed bank. I would probably agree with you, although I can’t get over the fact that the market has them worth ~2.5 Billion, while the total equity (book value) of the bank is over 8 Billion. I wish they would get acquired ha!
Below are three charts which are a YTD (Jan-Jun) look at my portfolio vs the S&P 500.
Observations Performance: 13.14%
S&P 500: 12.09%
Top Performers:
As always thanks for checking in each week. Let me know what you would like to see more of.