So, it’s been 3 months since I published anything on this blog. I decided to take a bit of a break since I had consumed too much FIRE material and wanted to focus on non-FIRE related topics.
I’m still not in a mood to write, so I will just give a brief update:
My portfolio had a bit of a wild ride the last few months, reaching new highs, crashing down then making new highs again
The trade war and other news-related cycles provided some volatility and plenty of opportunities for the focussed investor
On news-cycle related dips, I bought Abbvie and Siltronic. Crazy that you can generate >33% returns in less than 2 weeks
I over indulged in my share buying spree and my margin grew to an uncomfortable 10% of portfolio value. I had earmarked some salary payments from the remainder of the year to offset this, but also planned to sell down some positions to pay for these purchases
Today was the day and I closed one of my biggest and longest held positions: Walmart. Somewhat sad to part with a solid blue-chip stock that has paid great dividends and produced even greater capital gains, but part of the function of WMT was to serve as a ballast in the portfolio and act as a pseudo ‘cash’ position to be sold when better opportunities arise. It also doesn’t hurt that the WMT share price has reached a level that is perhaps a bit too rich.
While my main focus companies have done reasonably well so far, one that hasn’t done so well as been Ensco ESV. I’ve been averaging down and down and down into a seemingly endless money pit. Let’s see if this thing ever pays off
That’s all for this update. I’ve been meaning to write a couple of articles and will see if I manage to find the time and energy to do so soon!