Another month, another portfolio update! Gosh, how are we in April already? Time really does fly.
While the portfolio looks relatively stable month-over-month, it has actually fluctuated massively. We’re talking £4k-£5k rises and falls in a matter of days! But this only illustrates the age-old saying of “it’s not about timing the market, but about time in the market.”.
A few buy/sells this month, which you can skip to via the table of contents below, if you wish to do so.
As always: I do not encourage anyone to copy my investing strategy. This is not financial advice and is for entertainment purposes only.
Main Portfolio: S&S ISA, LISA, Private Equity, Crypto
Portfolio Breakdown & Illustration
As it currently stands, the portfolio consists of Stocks (85.23%), Private Shares (5.37%), Cash (5.29%) and Crypto (4.10%).
We had a fairly significant dip in the last month, but the market seems to have recovered in the last couple of weeks. Perhaps I should leave the country more often?!
If the market continues to rally, I’ll begin taking some profits and initiate my plan to de-risk, as I’ve mentioned in previous posts. For now, though, I’m making very few buy/sells and keeping an eye on the overall market.
As a note, my cash position increased this month despite buying more than selling. This is down to two reasons. Firstly, because I received my final Lifetime ISA bonus for 2022 after moving a couple of positions over to the account. Secondly, I received £67.33 in dividends from Base Resources, and £6.99 in dividends from Hargreaves Lansdown.
Here’s a look at my main portfolio as at 6pm on Sunday 2nd April:
Purchases & Sales Since Previous Update
Here’s a breakdown of any purchases or sales of shares, with my reasoning for doing so.
- BUY: 27 shares of Affirm Holdings, increasing my position to 117 shares total.
- REASON: This is strictly a trade. A bit of a risky one, but follows a similar strategy to January. I’m fairly confident we will start to see positive inflation data over the coming months, meaning riskier small-cap stocks like Affirm are likely to see a short-term rally. In this event, I’ll sell these shares, thus bringing my overall cost-basis down. Alternatively, some bad news could come out of the blue, and I’ll be forced to either hold or sell at a loss. Fingers crossed!
- BUY: 3 shares of Tesla, increasing my position to 24 shares total.
- REASON: You probably all know I’m a bit of a Tesla bull by now. So, when the stock dropped to $180, I added to the position.
- SELL: 3 shares of Tesla, reducing my position back to 21 shares total.
- REASON: I recently told myself that (despite the buy above) if Tesla reaches over $205 per share again, I’d sell 3 shares and keep that cash available, just in case production numbers or earnings result in a sharp decline (allowing for a better buy). So, that’s exactly what I did. While I love Tesla, I’m not oblivious to its volatility, its high valuation, or the wider macroeconomic environment. I have huge faith in the company, but I’m also going to take a little profit whenever certain price levels are hit.
Secondary Portfolio: SIPP
Portfolio Breakdown & Illustration
Very little movement value wise this month. But this is exactly what I’m looking for; a more stable, low-risk, long-term growth portfolio. Decades of compounding growth is the goal here. This is my retirement money, after all!
I’ve now (finally) allocated the majority of the cash available in the account, with cash now accounting for just ~11% of the portfolio. I’ll keep it at this level, to ‘buy the dip’ to take advantage of any negative catalysts. We haven’t exactly been short of ‘black swan’ events over the last three years, so better safe than sorry.
Here’s a look at my SIPP portfolio as of 6pm on Sunday 2nd April:
SIPP Purchases & Sales Since Previous Update
Here’s a breakdown of any purchases or sales of shares, with my reasoning for doing so.
- BUY: 66 shares of Ares Capital Corp, increasing my position to 66 shares total.
- REASON: I’ve always liked Ares Capital, but it’s very much a long-term dividend play. So, while this doesn’t match my investing style for my main portfolio, it’s perfect for my SIPP. I also managed to buy these at ~$18, which is my preferred price for this stock.
- BUY: 31 shares of First Trust Global Funds, increasing my position to 62 shares total.
- REASON: We saw a huge dip in tech stocks this month, so I took advantage and (slightly) lowered my cost basis for this sustainability-focused fund. The fund includes Tesla (naturally), Enphase and various other fantastic companies.
Let’s Discuss
That’s everything from me. I’d love to hear your thoughts as well:
- What are your thoughts on the portfolio? How does yours compare?
- What’s your favourite stock or fund to invest in?
- How do you feel about the UK/US economy over the coming months/years?
Let’s chat in the comments!
