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My final 2021 report is at: https://discussion.fool.com/t/stevnfool-port-updat...

My last monthly report is at: https://discussion.fool.com/t/stevnfool-port-updat...

My numbers updated for December are below.

	        Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	YTD		CAGR	GSD
Me	        1.53%	1.15%	10.18%	-3.08%	-1.33%	-7.25%	10.11%	-3.29%	-3.12%	9.42%	0.32%	-5.71%	7.16%		7.16%	22.96%
																
NASDAQ	        -8.80%	-3.35%	3.64%	-13.28%	-1.91%	-8.49%	12.52%	-4.60%	-10.33%	4.04%	4.43%	-7.62%	-31.31%		-31.31%	30.64%
DOW JONES	-3.30%	-3.19%	2.44%	-4.91%	0.39%	-6.56%	6.81%	-3.78%	-8.74%	14.03%	5.94%	-2.58%	-5.58%		-5.58%	24.83%
S&P500	        -5.27%	-2.96%	3.76%	-8.78%	0.23%	-8.25%	9.21%	-4.08%	-9.24%	8.13%	5.23%	-3.98%	-16.89%		-16.89%	25.55%
Index Average	-5.79%	-3.17%	3.28%	-8.99%	-0.43%	-7.77%	9.51%	-4.15%	-9.44%	8.73%	5.20%	-4.73%	-17.93%		-17.93%	27.01%

Note that all numbers include dividends. I used the total returns of
the corresponding ETF's (ONEQ, DIA and SPY) as a proxy for total return
of the indices.

Just a look now at my performance since 2008:

	        2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022		CAGR	GSD
Me	        -15.57%	11.69%	17.39%	-3.22%	13.27%	20.02%	27.87%	2.86%	19.12%	6.32%	4.86%	19.90%	-2.94%	34.37%	7.16%		10.15%	12.70%
																		
NASDAQ	        -39.50%	45.58%	17.60%	-0.52%	16.20%	39.86%	15.78%	6.69%	8.81%	29.28%	-3.18%	37.15%	44.87%	22.11%	-31.31%		10.86%	29.10%
DOW JONES	-32.30%	22.36%	13.55%	8.25%	9.93%	29.64%	9.72%	0.09%	16.37%	28.08%	-3.74%	25.03%	9.59%	20.83%	-5.58%		8.86%	17.79%
S&P500	        -36.71%	26.46%	14.59%	2.07%	15.99%	32.31%	13.46%	1.23%	12.00%	21.70%	-4.57%	31.22%	18.33%	28.73%	-16.89%		8.84%	21.83%
Index Average	-36.17%	31.47%	15.25%	3.27%	12.19%	33.94%	12.99%	2.67%	12.39%	26.36%	-3.83%	31.13%	24.26%	23.89%	-17.93%		9.52%	22.91%

The GSD numbers here are just calculated from the annual returns - not
from the monthly returns.

Portfolio Make-up:

I have not really made any major changes to my portfolio during 2022
and I have no plans for major changes in 2023. My current portfolio
is not really MI at all in the traditional sense. It is approx:

56% Berkshire Hathaway

14% QQEW. This was part of a timing system but I may just keep this as
a long-term hold. Due to the difficulty of trading US ETFs from Europe
since some recent law changes, I may not be able to buy it again if I
were to sell it.

<1% cash.

Remainder: Several value positions some sometimes held as cash secured
short PUT positions but mostly just long stock positions.

My portfolio and currencies:

I live in the Eurozone (Ireland) and back in 2003, I had a very small
portfolio and invested it entirely in NET-NET stocks. Measured in USD,
I had a portfolio return of 103% for the year. Measured in Euro
however, my portfolio return was 70%. The drop in the value of USD/EUR
had cut a significant chunk from my return. For several years, I hedged
a significant portion of my portfolio from USD back to EUR or to a mix
of other currencies.

My thinking on this has changed somewhat and I now feel that currency
hedging is more appropriate for cash balances rather than for the stock
portion of my portfolio. Since I don't tend to hold significant cash
balances for a long time, I dropped all my currency hedges during 2015.
I don't know if I will reinstate them in the future.

Because of my previous stance on currency hedging, I reported all my
returns in EUR but compared them to benchmarks in USD. I suppose this
is not really correct given my current approach to this topic, but
for continuity, I think I will just continue as I have been doing.

StevnFool

Thank you StevnFool for your portfolio updates. I think real life portfolios associated with MI are pleasant for people to follow. I am wondering what the constituents are, though, and I may have mis-read earlier information. Going back on your last information post:

Portfolio Make-up:
I have not really made any major changes to my portfolio during 2022
and I have no plans for major changes in 2023. My current portfolio
is not really MI at all in the traditional sense. It is approx:
56% Berkshire Hathaway
14% QQEW. This was part of a timing system but I may just keep this as
a long-term hold. Due to the difficulty of trading US ETFs from Europe
since some recent law changes, I may not be able to buy it again if I
were to sell it.
<1% cash.

That makes up 71% of your portfolio, but what is the final 29%? That remaining 29% is MI? If so, can you reference the screens you are using in the updates?

- Manlobbi

That makes up 71% of your portfolio, but what is the final 29%? That remaining 29% is MI? If so, can you reference the screens you are using in the updates?

- Manlobbi

Apologies for the late response. Life keeps me busy so I am behind in reading this board so only saw this last night.

In my "information post", the remainder is covered by this bit:

Remainder: Several value positions some sometimes held as cash secured short PUT positions but mostly just long stock positions.

And No, these are not MI positions. This is the remainder as of today:

Ticker	% of Port	Initiated
WTM	10.50%	        18-Dec-17
MKL	6.87%	        23-Mar-12
AZO	6.46%	        06-Jun-18
DLTR	3.90%	        06-Nov-12
LKQ	0.97%	        24-Oct-18
GOOGL	0.73%	        30-Aug-22
ALGT	0.35%	        22-Feb-18
KMX	0.12%	        22-Feb-18

I have not been allocating a lot of time to investing in recent times so I have not properly evaluated most of these positions for some time so I would certainly not recommend that anyone take these as current recommendations from me.

StevnFool

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