#106 - Portfolio Update Jan2024

TL;DR

3-year time-weighted average return: 3% 3-year dollar-weighted average return (irr): 1%

Enough said.

Performance update

Holdings

High/low lights

Top contributors:

• $FFH.TO: getting some recognition. I’m letting it run.
• $CPH.TO: My #1 position at the end of the month
• $TVK.TO: underdog that shot up in the ranking

Top detractors:

• $B3.ST: this one bounces around, I’ll wait for the next earnings call
• $CPNG: ouch!
• $STNE: small decrease

Changes

• New:
  • $5GN.AX: see this month’s [ramblings]({{relref “105-ramblings-jan2024.md#5gn}}). I think this was a bit hasty…I could’ve waited for the dust to settle a bit or I could’ve sized smaller initially.
  • $CTT.LS: see my [ramblings]/105-ramblings-jan2024/#ctt
  • $3328.T (Beenos): looking like a mistake now; see my [ramblings]/105-ramblings-jan2024/#ctt#3328
• Added:
  • N/A
• Trimmed:
  • N/A
• Exited:
  • N/A

Learnings

My underperformance in the past 3 years is 99% due to unforced mistakes that I now have to recover from, stocks that were hyped on fintwit and that I blindly jumped into.

Some other, more recent, and smaller mistakes came from pitches by “smart” investors. Be more critical.

Outlook

If I can get a 10% return going forward, I’ll be ecstatic.

I also liked this unknown Buffett quote (from The Snowball book): "Easy, safe, profitable, and pleasant."