CNQ:CC - One Year Later. The U.S. Conviction Picks Beat The Market With No Magnificent 7
2024-06-27 07:00:00 ET
Summary
- A U.S. GARP portfolio was created in mid-2023.
- Our personal stock portfolio from 2015 has outperformed the market by 1.5% annually.
- The GARP portfolio focused on growth at a reasonable price, avoiding excessive valuations, and excluded the Magnificent 7 stocks.
- One year later the portfolio has beat the S&P 500 by 9%.
- The 12 conviction picks still look attractive. I offer additional stocks for consideration in 2024.
By request, I put together a U.S. stock portfolio in mid 2023. Our own personal stock portfolio from 2015 has beat the market by about 1.5% annual. But given the excessive valuations of many of our holdings I would not pick many of them to build a portfolio, in 2023, or today. I was looking for growth at a reasonable price. By design the portfolio includes none of the Magnificent 7. The portfolio goal was very solid gains while avoiding excessive valuation. That the 12 conviction picks could greatly beat the market (by 9%) is a welcome surprise.
From mid 2023 - Building the U.S. stock portfolio in 2023.
In that post you'll find the larger list of stocks for 2023, plus the double-asterisked conviction picks. I was looking for growth at a reasonable price, often called a GARP approach ......
One Year Later. The U.S. Conviction Picks Beat The Market, With No Magnificent 7