PORTFOLIO UPDATE - FEBRUARY STOCK PICKS
Hey everyone, this is my quarterly (sometimes monthly) update in which I outline any major changes to my stock portfolio for those following my trading strategy. During February, my portfolio briefly surpassed 120% in gains for the past 12 months and 180% over the past 24 months! The market entered a correction during the last week of the month meaning we've given a small portion of those gains back however these corrections are completely normal, it's part of the process and it's just about rotating our portfolio and positioning ourselves perfectly for when the market comes out the other side and begins to climb again!
Firstly, I wanted to start by highlighting the best performers in our stock portfolio for the month of February!
1) Cardano (ADA) +300%
2) Dash (DASH) +130%
3) Bitcoin (BTC) +43%
4) Easyjet (EZJ) +35%
5) Tilray (TLRY) +34%
Despite many other stocks in our portfolio performing well over the past month, these 5 stocks delivered us enormous gains and were the stand out performers! In fact, you may recognise some of the names above from my previous post on 10 STOCKS THAT SHOULD DOUBLE IN 2021!
February was a particularly volatile month with many stocks hitting all time highs before a sharp correction last week caused many investors to end the month in red (fortunately not me). I'd been expecting a correction for a while and having built a 20% cash position in our portfolio, I was able to take advantage of the recent pullback in share prices!
Palantir (PLTR) - I'd been waiting for this stock to fall back to around $20 back in December last year. However, after dropping from $29 to $23 - The stock took off again and reached $40 in February! Despite not falling as low as $20, I have decided to open a half position in the stock during the recent sell-off.
Plug (PLUG) - This top hydrogen fuel cell company is the industry leader and is beginning to partner with major car manufacturers like Renault to develop electric vehicles.
Vestas (VWS) - The Danish manufacturer of wind turbines recently announced that they would be producing the worlds largest offshore wind turbines the size of London's tallest skyscraper "the shard" (almost).
Check out my blog post: 5 THINGS TO KNOW ABOUT PALANTIR STOCK
Unity (U) - Now one of my largest holdings! Check out the reasons why I love the stock of Unity on my Youtube channel - CLICK HERE
Next Era (NEE) - An American clean energy company that now pays a 2% dividend after it's recent pullback!
Solaredge (SEDG) - This fast growing solar stock tends to fall sharply during braoder market corrections but is one of the first out of the gates once the market steadies and rebounds.
ASOS (ASC) - Now one of my largest positions along with Google, Unity & Editas Medicine. Check out my post on 5 REASONS TO BUY ASOS STOCK
Netflix (NFLX) - I think Netflix could 1 day be worth $1 trillion - HERE'S 5 REASONS WHY!
Cardano (ADA) - After becoming the 3rd largest cryptocurrency by market cap, I think a lot of the future value is now baked in and the downside risk has become substantial!
Boeing (BA) - Was hardly moved by the recent tech sell-off and therefore have used some of my investment in Boeing to take advantage of more severely bruised stocks that could outperform in the near-term.
As you can see, I took the recent sell-off as an opportunity to buy shares in stocks trading at a steep discount to where they were valued a few days ago. Having been through many corrections in the past, I have learnt that this type of selling is temporary and can be exploited. The stat's don't lie and they show us that the market experiences an average of 3 corrections per year (5-10%) whilst there have actually been 7 "dips" in the market since the March lows with an average drop of 7%!
Therefore as much as it hurts to watch your stocks fall, this is just part of the process and you have to get comfortable with this if you want to invest successfully in the stock market. If you find this difficult then take a second and check out my post on the most common mistakes that all investors make and my top 10 tips on how to avoid them by clicking HERE!
So after a month that has involved many more trades than usual, I believe that our portfolio is beautifully balanced to somewhat protect the gains that we've captured in Q1 whilst ensuring that we are well positioned to continue benefiting from the mega growth trends that we have identified.
Not only do we have exposure to a number of these growth industries but, through continuous & vigorous analysis, we will continue to identify and own shares of the best companies within them. Finally, I'd like to say well done to everybody who refused to be shaken out during last weeks correction! Remember the saying is "buy low, sell high" not "sell low, buy high!"
Continue to trust in our portfolio & trading strategy and I assure you that we will continue to grow our savings faster than almost every other method out there for many years to come!