Q1 2024 Portfolio Update
A year to date total return of 8.1%.
Firstly, we extend a warm welcome to the new StockOpine subscribers. We're delighted to see that our supporters have surpassed 5,000, up from 4,167 as of March 31, 2024, with the primary source of new joiners being the Substack app, where we are currently a featured Substack publication.
Our primary aim is to streamline your research efforts through sharing our investing journey and analysis. Our value proposition revolves around identifying stocks that exhibit quality characteristics and trade at reasonable prices. When these two factors align, the margin of safety increases, and the likelihood of compounding expected future returns grows. While we continuously “turn over the most rocks” (sometimes the same ones), our transactions are limited each quarter as we are advocates of long-term investing.
As a result, you won't see us chasing after the latest market fad; rather, we prioritize stocks that stand the test of time. Following this philosophy, we can rest assured and observe our portfolio grow in line with our expectations (aiming for around 15% per annum).
Before we delve into the details of Q1 2024 Portfolio Update, here's a list of the long-form articles we published in the quarter. Just in case any slipped under your radar.
Booking Holdings: Unlocking Value Through the 'Connected Trip'
Unraveling Amazon's Earnings: What You Need to Know - This is an earnings review (free) that we believe is worth a read.
1. Performance
As of March 31, 2024, our total return for Q1 2024 was 8.1%, slightly below the S&P 500's total return of 10.6%. Since inception (January 28, 2022), our cumulative return stands at 33.6% (annualized - 14.3%), compared to the S&P 500's return of 22.9% (annualized - 10.0%).
Source: S&P Dow Jones Indices, Broker, StockOpine analysis
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