Update Open Substack Portfolio for April 2024, by J. Kim
And why my end of the year 2023 strategies have paid off
It’s been a while since I’ve updated the open substack portfolio at the current time but the below grid will show all the positions I listed as buys last year, those that have been closed out, current profits/losses on open positions and new exit strategies added for 28 April 2024 to be applied moving forward.
Recall that at the end of last year, I discussed several subscribers that complained heavily about the performance of my gold/silver mining stock picks while I preached patience, based upon my 20 years of experience, for the payoff to come. In response, I published numerous articles on this platform stating my extreme confidence that such investors were acting in a severely short-sighted manner and had been taken in by negative banker propaganda they had read about the high likelihood that falling gold/silver asset prices at the end of 2024 would continue this year. And when my assistant looked up the biggest complainers, she told me that a couple had written emails the prior year praising the massive +69.5% yield I returned to them on all my 2022 substack platform picks which I suppose is a prime example of the “what have you done for my lately?” syndrome and the lack of patience that plagues investing due to the expectations of returns of several hundred percent in a month that gripped the investment world during the height of cryptomania.
Recall that in Q4 last year I published several articles that stated that anyone that exhibits high emotions during both corrections and big rises should NEVER invest in the types of assets I discuss here, despite my track record of retuning big profits consistently over time, for the simple reason that big correction periods may be unavoidable from time to time when investing in precious metal assets. In these two articles here and here, among many others I published on this platform, I discussed why emotional investors will never have success investing in the gold/silver asset arena. And in the first linked article, published this past February, I even spent the time to provide a super detailed explanation of why I chose to remain vested all throughout the gold/silver asset price dump that manifested at the end of 2023 and the reasons why an intelligent investor will not always divest out of very price dump but choose to exert patience for the big uptick ahead instead. If you never read this article, and are truly interested in becoming a more educating gold/silver asset investor, I highly recommend that you stop skipping articles like this that I publish and start reading them.
Further recall, before most of my picks from last year moved from the red significantly into the black, that I even published an article to start this year titled, “The Biggest Mistake Newbie Gold and Silver Investors Made Last Year” before the proof that these newbies’ decisions to divest, contrary to my guidance, were tragically wrong. And now, I present to you the up-to-date portfolio grid of all my picks granted last year, updated with closed out positions, still open positions, and new exit strategies.
Of these 30 assets and stocks, 23 were/are winners and only 7 were losers. We are currently sitting on one big loser due to a black swan event in which one of this company’s major producing mines collapsed, with the other six suffering moderate losses. Of the 23 winners, 4 are currently between 30% and 39.99% in profits, 2 are between 40% and 40.99% in profits, 5 are currently between 50% and 50.99% profits and 1 is over 90% in profits and there are a number with more moderate profits of 14%, 19%, 17%, 20% profits.
Please ensure that you read all the commentary with this updated open Tomii Academy substack portfolio provided below as it is critical to the future performance, including two sell opinions, two of which are immediately effective.