📰 21: Outlook for 2024, Performance, and What to Avoid

Estimated reading time: 5 minutes

Good morning and happy Sunday! This week I'm covering the unemployment rate, 2023 performance, and what I'm avoiding for 2024.

What's New

  1. I published the full 2023 annual letter. You can read it here.
  2. It's not really new, but I'm studying for the CFA. I thought readers would want to know. I'm also starting with the prerequisite readings as I do not have a background in finance. I imagine it'll take me more than the standard ~300 hours to pass each level, but that's still a good price for learning this stuff. I find the material very entertaining (so far). Wish me luck!

Portfolio Update

It's very early in the year/quarter. Here's what we have so far:

MTD % QTD % YTD % 1 Year % Since Inception %
S&P 500 -1.50 -1.50 -1.50 22.58 5.71
Portfolio -1.96 -1.96 -1.96 41.91 19.50
Results are annualized. Performance data is indicative and should not be considered as advice. S&P500 includes dividends reinvested. Inception date: 2022-04-18.

I'm still sitting on ~14% cash. If you have any investing ideas you want to share, please let me know.

I posted more of my long-form thoughts in the 2023 letter about my outperformance of the year. It's an extremely tricky situation. I suggest you read it. Link above in "What's New".

Market Summary

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