Singaporean Talks Money

Sunday, 18 February 2024

How my investments in 2024 will go | Plan for 2024, am I still holding onto TSLA?

The first month of 2024 has just passed and already my portfolio is facing some downward pressure. If you are not aware, I do have a substantial percentage of my portfolio in Tesla, with the recent months of adding QQQ, the percentage has gone down but it is still about 30% of my whole portfolio which can have huge impacts considering it’s share price after the recent Q4 2023 results.

The share price has fallen below $200 and we do see some selling pressure as the outlook for 2024 seems rather dull judging by what was said and in the AI innovation portion, Elon Musk was rather negative on the innovation especially when it was related to the Dojo supercomputer as he mentioned that a hedge would be to get Nvidia’s GPUs. So how then am I investing in 2024 and am I letting go of all my Tesla shares?

Hold or let it go

It really goes back to why I invested in Tesla in the first place, I can justify that they still have a lot to achieve and have the potential for huge growth ahead but we can see some obstacles ahead as we do not see the exponential growth that was set originally. Additionally, Elon Musk seems to be facing various pain points in gaining the majority stake in the company which will allow him to do what he wants or think is the best for the company.

Although Tesla is an innovative company but it now has grown to a substantial size and with great power comes great responsibility so it seems tough for Elon to have control over how he hopes to navigate or organise the company. It also seems like Elon has a lot of haters although there are many who also stand by Tesla. I still am holding to my Tesla shares and will be seeing how it goes.

What am I doing while holding

I am adding QQQ as this AI growth has benefited numerous companies and some of the magnificent 7 has seen good growth and opportunities like Meta and Microsoft and of course Nvidia. I am now more into index investing while doing covered calls, so no individual stocks as I have mentioned previously. No plans to trim any of my individual stocks at the moment.

Things are not fixed, action as we go along

With all that being said, all plans are not fixed and it might changes as things happen considering the markets and economy is really volatile. Everyday, we are hearing of layoffs as companies stay lean and slowly incorporate AI into their work streams.

I can also see it in my company as we are a technology company though not part of the big tech but it is still going through some changes as we adapt and accept that AI will be taking over some of the mundane and repetitive work.

The price action for Tesla shares have been in a rout as we do see negative outlook on it as interest rate remains high, comparing Tesla with Nvidia, Microsoft and Amazon, it is rather painful. Some times, I do wish that it has been allocated to maybe Nvidia so the growth recently would have been exponential.

I do see how Tesla can grow in time to come but short term, it looks really tough for it to break out especially since the automobile sector is what it is in focus for now, there are many other energy sectors that Tesla is developing but for now, it seems tough with profit and growth not as predicted and share prices being compressed.

We shall look back again at the end of Q1, Q2, Q3 and 2024 to see how it all goes, in the meantime, QQQ is my building block.

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Sunday, 31 December 2023

End of Year Portfolio Review | Total Investments hits $100,000, marching towards $150,000 by end of 2024

2023 is almost over and the stock market as well as the world has been on a whirlwind of emotion ride. Wars are happening and yet the stock market has been recovering steadily towards the year end. It is a lot more positive in the market than what I expected.

As we review my financial portfolio, let’s also pray for those suffering and hope that this difficult time will be over for them soon. With my total net worth hitting $100,000 about 1 or 2 months back, with the bull market in stocks and cryptocurrencies, my investment portfolio alone without cash has also hit the $100,000 mark.

With that, it is nice seeing the 6 digit goal being hit before I turn 30 in 2025. Aiming for $150,000 for when I reach 30 years old but not too extreme now as I think I can let off some steam since reaching $100,000. The data on my portfolio below is recorded on 24 December 2023 on Christmas Eve for the record.

Stocks Portfolio (Data recorded on 24 December 2023)

This has been a great recovery year, consistently buying monthly has helped with the portfolio value and happy with where it is although Tesla is still a large portion but trying to bring it down by adding onto index ETFs like QQQ.

Cryptocurrencies Portfolio (Data recorded on 24 December 2023)

Wow, what a great end to cryptocurrencies, I was not adding much positions throughout the year so not crazy gains for this portion of the portfolio but I have been HODL-ing to my positions so it was nice to see the jump in value and it contributed in helping my investment portfolio to hit past $100,000. Crypto has not been back at all time highs but we can see some recovery.

Not really adding positions here although from various opinions online that 2024 is the year of cryptocurrency since multiple huge events are coming up like the Bitcoin spot ETF, Bitcoin halving and institutions wanting/having to allocate a portion into crypto. Maybe will add some ETH but other than that, not much here. Saw some altcoins going crazy like the previous bull market, as people double their portfolios with them but at the moment, not into that.

Syfe REITs (Data recorded on 24 December 2023)

REITs have seen some improvement since Powell mentioned about holding rates and that they are thinking of stopping rate hikes at the moment. The jump was quite substantial as my Syfe REITs portfolio jumped from a loss to profit. Not changing much here, reinvesting dividends since my portfolio is not huge enough to allow dividends to be paid out and a contribution monthly.

Options

Options (mostly covered calls) have been something I picked up at the later half of 2023 and still learning a lot from it. So far, it has been a profit but I did make mistakes a few times when I first started. I did weekly covered calls on Tesla which is a volatile stock so within a week, it can fluctuate huge and hit the strike price. I had 2 occasions where the strike price was hit, I was afraid of missing out on gains and immediately bought back on Monday which was a wrong move as with any huge tick up, a correction would happen and prices would drop so on that 2 occasions I could have waited and bought back with no losses but I FOMO-ed and bought in straight when market open.

However, the difference was not huge since I bought weekly so total premiums would still make it a profit but recently, I have moved to monthly where I can choose a further strike price and get reasonable premiums due to time decay.

Currently only doing it on GOOGL and TSLA, GOOGL is relatively steady so it’s been good so far, premiums are not as high as TSLA but it is a good balance. I am not adding to any individual stocks so the premiums are usually redirected to buying of QQQ. Not much premiums in terms of overall but some nice extra change to build up cash or set some buys. Not focusing huge on options as I just see it as a small supplement.

Total Portfolio (Data recorded on 24 December 2023)

Since hitting $100,000 in investments, can really see the larger fluctuations in that 10% is suddenly a larger number compared to $10,000. Looking forward to growing it to $200,000 but watching out as well on the positions/risk. 2024 will be an exciting year for the markets as Bitcoin spot ETF and Bitcoin halving will lead to volatility and even major adoption of Bitcoin. Even for the stock market, interest rate cuts and inflation will be major indicators but we can also see tensions raising among nations and most recently the Red Sea attacks. All these will bring about huge disruptions and we shall see how things go.

Starting my Youtube channel again

I have always been interested in content creation and recording my journey but laziness got the better of me in recent years so I was not churning out as many articles and videos really require substantial effort. But for 2024, hoping to start releasing some youtube videos although I think focusing on articles are still my main focus.

Interesting to see how different platforms attract different age groups and reach different populations. Wishing that 2024 will be a peaceful year and fruitful year as I enjoy the last year of my twenties!