Every month I put aside some money into a portfolio aimed at long-term bets over the next 20 years. I will be gifting this portfolio to my future kids someday. I hope to use these memos as an educational tool to teach them about the world. With any luck, managing the portfolio will become a shared activity to collaborate on as they grow up.
Performance from the first 12 months:
This month marks the one-year anniversary of the portfolio. Over the course of the year the portfolio as a whole returned 65%.
If I had invested in the S&P 500 every month instead of picking an individual stock, the total portfolio would have returned 21%.
While I don't expect to keep beating the S&P 500 by that much, it does feel pretty good to have the extra time and effort spent researching companies pay off.
This month I am adding ROKU to the portfolio. I did a full write-up on my Roku thesis here.
Here's to another year of great returns!