December Update
Estimated reading time: 3 minutes
It's been a great month with lots of changes. Let's get into it.
Portfolio Performance
This last month was a doozy. We didn't beat the market, but we did very well regardless at 8.30% in this month alone.
MTD % | QTD % | YTD % | 1 Year % | Since Inception % | |
---|---|---|---|---|---|
S&P 500 | 9.13 | 7.47 | 21.52 | 14.73 | 4.54 |
Portfolio | 8.30 | 8.39 | 40.80 | 32.42 | 18.19 |
I think it's important to note here that the market roaring up over 9% in a month isn't a bad thing. I'd rather the market go up significantly for a month then slightly underperform rather than the market makes zero gains then beat the market by a couple percent.
Imagine two scenarios:
- You get $1,000,000 and a person you dislike gets $1,001,000.
- You get $100 dollars and the person you dislike gets $50.
This month was option 1. We technically "lost" but did we really?
I believe the portfolio is set up nicely to offer downside protection and upside potential, especially when we have roughly 15 percent cash.
It was a close race the entire month:
But we are still (quite a bit) since inception:
The market has a return of ~8% while we are now in the 32% range.
Current Portfolio
Here is the portfolio as of market close on 2023-12-04 (click to expand):
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