Jamie Leinhardt
๐Ÿ”ธ ๐— ๐—ข๐—ก๐—ง๐—›๐—Ÿ๐—ฌ ๐—จ๐—ฃ๐——๐—”๐—ง๐—˜ ๐Ÿ”ธ ๐— ๐—ผ๐—ป๐˜๐—ต ๐Ÿญ๐Ÿฒ โ€“ ๐—”๐˜‚๐—ด๐˜‚๐˜€๐˜ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฎ Our portfolio gave back half of last monthโ€™s gains, declining 7.57%, behind the S&P 500 ($SPX500) as well as the Nasdaq 100 ($NSDQ100). After the significant bounce in July, it appears as though the bear market has resumed. Historically September and October have been poor months for the stock market. Given all of the uncertainty, I wouldnโ€™t be looking to increase my market exposure at the moment and remain cautious. Itโ€™s very hard to be bullish at the moment, although Iโ€™m sure in a few years weโ€™ll look back on this period as a buying opportunity. There were no changes to the portfolio during month. Fortinet ($FTNT (Fortinet Inc)) was our largest detractor, falling just over 18%. Nvidia ($NVDA (NVIDIA Corporation)) wasnโ€™t far behind, with a 17% drop. Only two of our stocks increased during August: Extra Space Storage and $CROX (Crocs Inc) August performance: Performance of our portfolio: -7.57% ๐Ÿ”ด Performance of the ๐—ฆ&๐—ฃ ๐Ÿฑ๐Ÿฌ๐Ÿฌ: -4.24% ๐Ÿ”ด Performance of the ๐—ก๐—”๐—ฆ๐——๐—”๐—ค ๐Ÿญ๐Ÿฌ๐Ÿฌ: -5.22% ๐Ÿ”ด ๐—Ÿ๐—ฎ๐—ฟ๐—ด๐—ฒ๐˜€๐˜ ๐— ๐—ผ๐—ป๐˜๐—ต๐—น๐˜† ๐— ๐—ผ๐˜ƒ๐—ฒ๐—บ๐—ฒ๐—ป๐˜๐˜€: Top contributors: EXR, $CROX Top detractors: $FTNT, $NVDA Iโ€™ve included a chart displaying the current composition of the portfolio as at the end of 31st August 2022. I will also share a link to the monthly factsheet I produce in a separate post. Regards, Jamie