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Weekly market review (week/YTD)
$SPY -3.30%/-13.26%
$QQQ -3.73%/-21.26%
$VTV -3.17%/-4.36%
$VUG -3.46%/-21.92%
$ARKK -10.16%/-50.17%
Portfolio -1.42%/-15.20%
The market closes below early March lows on some bad earnings and concerning economic data.
2022 had the worst start to a year on record for the Nasdaq. April was the worst month for $QQQ since 2008. Four down weeks in a row.
So, don’t feel bad if your portfolio isn’t doing well, it’s been a tough environment to invest in.
Lots of earnings reports this week, a lot to go through & analyze. Usually, when holding quality companies, I expect no big moves on earnings reports because of their predictability. In uncertain economic times however, this can happen, it happened and must be investigated.
When analyzing earnings, it's critical to go straight to the source. Don’t listen to mainstream media coverage. The media’s job is to get attention with dramatic headlines, not to provide you with in-depth analysis. Instead, read the report and listen to the call.
My portfolio did alright this week. Earnings impact has been balanced. Strongly negative reactions to $ALGN, $BA and $AMZN. More positive reactions to $FB, $PINS, $V and $MA. I have 17% in cash, if the market goes down next week, I will probably buy some more quality companies.
Check out my public eToro portfolio to follow all my investments:
eToro
Michael Szumielewski @CaridinaCapital – eToro
👨💻 𝗔𝗯𝗼𝘂𝘁
• Full-time investor
• Business owner
• BSc in Business Informatics
💰 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆
• Investing in quality companies when they are temporarily undervalued
• Investable universe: Companies with predictable cash flows, sustainable high returns on capital and attractive long-term growth opportunities
• Stocks only (long only, no ETFs, no crypto, no leverage)
🎯 𝗚𝗼𝗮𝗹𝘀
• Goal #1: Protect our invested capital from outsized losses
• Goal #2: Outperform the S&P 500
💎 𝗖𝗼𝗽𝘆
• Copy with at least $200
• Copy open trades
• Copy for at least 12 months because this is a long-term strategy
📲 𝗖𝗼𝗻𝘁𝗮𝗰𝘁
• Feel free to contact me if you have any questions
• Twitter: visu
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