SPOT - The Art Of Selling Stocks: A Q1 Portfolio Review

2024-04-03 16:39:32 ET

Summary

• Echoes of 2021 rang out to start 2024, as the market had another strong quarter.
• Middle Coast Investing didn't keep up with the AI madness, but also had some self-inflicted mistakes to deal with.
• The hardest part of investing? Selling. We review our quarter through the lens of sell calls made or unmade that affected the quarter.
• It was also an active quarter, and we review performance plus three new portfolio adds and two meaningful increases in position size.

The first quarter of 2024 was a strong one for the stock market. Excitement over artificial intelligence as a theme and upcoming rate cuts were part of the story. We also heard a few echoes of 2021’s craziness, which is a warning sign.

Middle Coast Investing kept pace with the Russell 2000 but lagged the S&P 500 and Nasdaq Composite. I usually lag when the market goes crazy, so that’s part of the story. But we also had a few bad decisions or moments of bad luck play out, so blame falls on me....

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