The Updated 2023 Open skwealthacademy Substack Portfolio: A Big Opportunity Exists Right Now for Those That Have Not Yet Subscribed
Typically, the inquiries when new people join my substack newsletter is of the following nature: The majority of the assets open in your portfolio are currently at much higher prices than your original buy prices, so what should I do? And my guidance is always the same: Since I utilize highly price volatile assets to produce my gains, wait until the prices drop significantly before buying though this will have to be your judgement call. Once I provide my buy prices, I obviously don’t have the time to answer every inquiry about buying at every specific price on price pullbacks. I provide a buy price when I feel the downside risk is low and the upside price potential is very high. For the intelligent investor that understands that such an opportunity will arrive at some point, almost without fail, every year, even if it does not exist right now, and that investment success requires patience, then such investors merely wait until the opportunity arises. And one such opportunity has arisen, in my opinion, right now. On the contrary, green investors are always super fickle and impatient and if my picks do not soar in price immediately, they cancel their membership. Such investors are among the subset of investors that always lose money because they lack the patience and understanding of investment strategies to earn money in the market.
For the past couple of months, prices for many of the assets in my open 2023 skwealthacademy Substack porfolio have pulled back aggressively. Conseqeuntly, right now, investors that are not yet paying subscribers have an opportunity to climb on board with the majority of my open stock positions right now at the same, or even slightly better prices, than I issued just a couple of months ago. Not with all stocks, but the majority of them. For currently paid up subscribers, read the analysis I provided on my buy opinions issued earlier today and the analysis I have provided below to understand why this recent period of downward price volatility concerns me not one bit.
With that said, you will find the updated 2023 Open skwealthacademy Substack Portfolio below with all current open positions as well as results from recently closed positions. It is important to note that I’ve updated today many of the exit strategies to (1) either ensure profits on open positions; and (2) minimize losses if we receive another significant price dump to the downside on open positions (though I think the probabilities now are of continued upside versus any significant downside risk).