2023 Mid Year Recap

Sharing my 2023 Mid Year performance.

Little did I expect that Meta would be the best performer in my portfolio this year. I remembered back in October/November last year, I was debating if I should sell my Meta position to cut loss. Considering that I had already been in it since May 2022, I decided to just ignore the P&L segment or just went on to watch Netflix during market hours back then.

Top 5 Performers

My top 5 positions in terms of performance are:

Meta +83.48%

Apple +35.77%

Microsoft +30.24%

Salesforce +19.92%

Amazon +19.47%

The S&P 500 is up 16.37% in the first six months of 2023, and Nasdaq Composite is up 32.74%, while the Dow Jones is the laggard up 3.83% in 2023, this was really surprising as at the start of the year, the media and doomsday prophets were all saying that there will be a recession and the Fed has to raise interest rates to 6% to 7%. It is important to not take these negative news to heart and instead focus on the fundamentals of the companies that you are invested into.

Another thing to note is to avoid people who are constantly negative. I remember when I started my investment journey, one of my friends said that if you do not know how to invest, you will flop. Perhaps my answer is that even a monkey can make money in a bear market, because you are buying low.

Fun fact: The Nasdaq Composite has had its best H1 performance since 1983!!

@CaptainTiger 

@TigerStars 

$Apple(AAPL)$ 

$Microsoft(MSFT)$ 

$Meta Platforms, Inc.(META)$