February is behind us, time to check in on my portfolio.
Volatility returned to the markets - with a vengeance. February was a true ‘correction month’ with major indices closing significantly lower compared to January’s records.
While corrections make for great headlines - lower stock prices are generally good news for me given my investment strategy.
While I have not made any new purchases in February, many stocks are back at attractive levels now. I expect to deploy some fresh capital in March and go ‘bargain hunting!‘
But sticking to the past month - how did my portfolio progress in February?
For reasons of comparison: a year ago, at the end of February 2017, my portfolio consisted of 38 positions with a total value of $71,369.
At the end of February 2018 my portfolio consisted of 49 positions with a total market value of $113,297, a Year-on-Year (YoY) increase of 59%.
This YoY increase is shown in the graph below.
How was your February? Did you add new positions to your portfolio? Leave a comment/reply to share your thoughts!