An update with what is in my stock portfolio? | 69% in QQQ...

I have covered my portfolio in quarterly updates but not really on the composition or what is the updated position except that I have Tesla. I wanted to record how the stock portfolio is looking in 2024 and compare it in the years to come to see if there will be any changes. Numbers are accurate as of 13 April 2024.

QQQ

Yes, the beautiful QQQ, it has grown pretty well this year with the AI rise, QQQ comprises a higher proportion of tech companies and places a larger emphasis on a selectively few so it has performed relatively well, of course, it depends what you are comparing it with, definitely not Nvidia as a singular stock but comparing it with my other holdings, it has performed pretty well.

The volatility of QQQ is much higher as compared to SPY or VOO since the holdings are slightly more tech and has a higher percentage on a select few so if the select few companies drop or increases, QQQ reflects that change more as we can see from the past few days.

QQQ currently takes up about 69% of my stock portfolio, I recently sold AMD at a profit and dumped it all into QQQ as I do not want to manage too many individual stocks. So this is my largest holding at the moment in my stock portfolio and most profitable position. Will definitely be holding this long term.

Tesla

Tesla has been a substantial portion of my portfolio all along. It went from in profit to a loss over the past few years. It is about 28% of my portfolio, dropped substantially because of the drop in prices. Overall, just holding onto this and seeing how it goes, sentiment has been negative due to delivery numbers and high interest rate environment being longer than expected. Short term, not much positive news but long term, if it can deliver on what was on the roadmap, then we do see growth for it. For now, not planning on selling or buying.

Bitwise Bitcoin ETF

I know it sounds ridiculous to hold BTC via a custodian when I can just buy BTC directly but I got into it when it was just released which was a good entry price because BTC shot up afterwards so the position is in profit. Don’t think I will be adding more but it was just a buy some while it was cheap, might sell it soon but it is a super small position since it was also more of a fun position. It is about 1.81% of my stock portfolio.

Things I am looking at and things I am not looking at

I am looking at adding VT to my portfolio in the remaining time of 2024. This is to balance out volatility as you can see from having QQQ and Tesla, the portfolio fluctuates pretty crazily. VT is relatively stable in prices, I had a position in VT from Covid period and I started picking it up when it was around $70 - $80 USD but sold them at around $101 USD to buy other stocks.

At the moment, I am not looking at accumulating any individual stocks but things might change along the way. Will look back on this in a few months or years and see if there are any changes made.

New Updates, writing this on 19 April 2024

Just a few days pass since writing this article and the stock market has took a dive due to the attacks and tension in the Middle East. Things don’t look very positive at the moment and the portfolio has suffered substantially but will be DCA-ing into index funds and see how it goes.

Percentages of the position hasn’t changed much so will keep it as such even though in value, it has decreased. Hoping for the safety of everyone and that the situation does not escalate any further. A lot of other things that are much more important than my portfolio so go out and live your best life!

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Interesting Article I read | My Nvidia Time Bomb (-USD141.5k Unrealised Loss & Counting), Why You Should Never Sell Naked CALL, The Danger Of Short Selling

This is an interesting take from Jason as it was such a personal and yet informative piece and encapsulated the actions and emotions of investing/trading. It is a piece that the author willingly shared with the experience of making a mistake and accepting that loss.

https://learninginvestmentwithjasoncai.com/2024/03/10/my-nvidia-time-bomb-usd141-5k-unrealised-loss-counting-why-you-should-never-sell-naked-call-the-danger-of-short-selling/

It is never easy to share your losses and in the article, Jason shared how he had 300 shares of Nvidia, that is not a small amount judging by the current price. He lost them at a lower price than today due to selling covered calls, he then sold 200 shares trying to cover the loss and sold naked calls as he thought that Nvidia was in for a correction but it went up instead. Since he sold a naked call, he is short of 200 shares of Nvidia to repay as the prices of Nvidia goes higher, he would accumulate more losses.

If you read through his blog, this is definitely not the first time he is facing such a huge loss: https://learninginvestmentwithjasoncai.com/2022/06/20/if-you-are-feeling-depressed-from-losing-lots-of-money-in-the-stock-market-heres-an-article-for-you/

It is a great read as the amount is heart wrenching and serves a valuable lesson and insight to those who are starting out in options trading. I am no guru and just wanted to share this article that I read.

My options journey

I am a newbie in options and I would like it to stay that way, I mostly do covered calls and once in awhile cash secured puts, I like available cash to be invested so I haven’t done much cash secured puts but I think it is a great way to purchase shares that you want at a lower price and at the same time, earn a premium on it.

I just started covered calls in the later part of 2023 so not a long time of experience but I like that it brings in some form of premium, although some times it is not worth especially when earnings call or CPI or FOMC meetings are around the corner as the volatility can make the stock go substantially up. I keep a sufficient margin between the strike price and the current market price so far, I have hit the strike price about twice, mostly last year. But the difference of my purchase price back is not huge as I usually buy like a 20 to 30 days time period.

Overall still learning and believe that managing your emotions is important when experiencing the price going near to your strike price. You suddenly get a shot of adrenaline thinking of ways to reduce the loss and if it shoots higher, what will happen? My portfolio has increased substantially due to the premiums I am earning as I reinvest them back in, keeping it up with the covered calls until it’s too volatile then I might take a break.

Affiliate links/Codes:

► Where I Buy my Cryptocurrencies:
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► Where I store my Cryptocurrencies:
► Ledger: https://shop.ledger.com/?referral_code=980EF358BYAQM (Earn $10 in BTC)
► Where I buy my stocks:
FSMone Referral: P0364886
Tiger Brokers
Interactive Brokers (Open an account today and start earning up to $1000 of IBKR Stock for free!*Terms and Conditions apply)
►Syfe Trade Referral Code: SRPSL8MGX
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