Hi all, this is my monthly portfolio update which is a little different from my usual content. I hope you find this interesting and please let me know your thoughts on the companies I own a part.
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Why am I sharing my portfolio?
That is a question you may be asking yourself. After all, many people find talking about there personal finances as taboo however whenever other people have shared there portfolios online I have always found it interesting and often motivational to see where I could be going. This is why I too will share how my portfolio progresses month to month.
With my current situation I am working full time with this website as a side project. The site currently is losing money each month however hopefully in the future, this will act as an additional supplement to my portfolio. With that being said, I thought it may also be fair to share my portfolio if some money from this site may eventually end up helping my portfolio grow.
I am also going to say my portfolio is by no means a large portfolio however, it also is a modest amount of money for some people. I don’t want this post to come across as any form of brag. I purely want to share my portfolio in the name of transparency and curiosity. I will also be able to look back on this in many years to come as to whether I have made great decisions… or awful ones.
My Portfolio
So the total value of my portfolio as of January 4th 2023 is £13,665.82, up £5128.70 (60%) from last months update and up 51.22% Year to Date!
The shares I currently own are all highly speculative growth stocks. You may disagree or agree with my picks and I am open to hearing your thoughts down in the comments below. I am now in my 4th year investing which in the grand scheme of things is a short time so I am open to the fact that my opinions may be flawed and I am happy to be proven wrong, however with my current judgement I am happy with my picks.
Current Portfolio as of 04/02/2023 by AuthorChanges Since The Last Update
The start of 2023 has been great so far with my portfolio up a solid amount. Bringing my Tesla from the red for the first time in a few years back into green at +28.79%.
With Tesla starting a pretty solid run as soon as the year started, I decided to make my deposits in January go towards a stock that was still down a lot in my portfolio. This being SPCE. My SPCE holdings were down over 70% at the start of last month and with the knowledge that Q2 still seems the goal for commercial flights to begin I wanted to grab some more stock at potentially one of the last chances I have. $Tesla Motors(TSLA)$ $Virgin Galactic(SPCE)$ $CRISPR Therapeutics AG(CRSP)$ $Bionano Genomics(BNGO)$
I managed to fund an additional £500 worth of SPCE taking my holdings in SPCE from 400 shares to 513 while also taking my average cost per share from around £16 down to £13.49. I obviously see a lot more risk with SPCE. This isn’t an investment like Tesla as Tesla has hit a point of profitability where I feel bankruptcy is nearly impossible. SPCE is still very much a gamble.
As mentioned in previous updates, I am still fairly young at 23 years old and I am very happy to take on additional risk while I am young. As these are risks I wouldn’t want to take if I had a family to support or other financial responsibilities. I see Tesla still as my primary investment over the next 10+ years and most likely to succeed.
I am not a financial advisor and anything I say in my blog is not to be taken as financial advice. For any financial advice please contact a financial professional. My blog is based on my own opinions, research and understanding of the financial markets.
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