Walsh Investment Strategy
Walsh Investment Strategy

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

Michael Walsh 2024-01-07
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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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Categories: Basic, Sunday Edition
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Disclaimer: This content has been prepared with the utmost care and reflects my current understanding of the subject matter. While I strive for accuracy and thoroughness, the information provided is for general informational purposes only and should not be considered as professional advice. Please read the full disclaimer for more information. You can access it by clicking HERE.
Michael Walsh
👋 Hi, I’m Mike—the face behind Walsh Investment Strategy. My journey's been colorful: USMC veteran, firefighter, deputy sheriff, bouncer, and personal trainer. Then in 2019, Warren Buffett's wisdom sparked a new passion—I dove into equity analysis. Now, I'm all about learning and sharing the ins and outs of finance and investing. Just an ordinary guy who got tired of feeling financially lost and decided to do something about it. My approach? Simple. I find great businesses, dig deep into what makes them tick, and share those insights. You could call me a professional learner, always hunting for smart ways to grow wealth. Read my story

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