John Doe Portfolio Update

A Strong Start For The Portfolio & What I'm Looking To Buy & Sell

With 2024 underway, I figured it was high time for an update on the John Doe Portfolio, an account that I’m managing for another investor. He has given me permission to write about trades I’m making and how I’m managing his account. In our last meeting, we discussed adding some money to the portfolio after a recent real estate sale. Most of that money will go into the offshore sector, but there are a couple other ideas that will get some new money as well.

I’m not as concentrated in the John Doe Portfolio, but I have bought many of the same stocks that are in my own portfolio. The account has performed well and is up more than 15% since starting in early July ($541k to just under $630k). I’m optimistic about 2024, and I think we are going to get some opportunities to sell some of the stocks that have been held by the account for a long time to reinvest elsewhere. I think there are several fat pitches in the commodity space and I think that adding to those positions in coming weeks will give the John Doe Portfolio a good chance to outperform.

Before I get into some of the stocks that have been driving the performance of the portfolio, I want to go into some of the stocks I’m looking to reduce in the portfolio. For a quick refresher, I started running the portfolio in July of last year. The account was coming from another investment manager, and I sold all of the ETFs and mutual funds right away to reinvest. I have been trimming some of the individual stocks along the way, and I think I am done with most of the selling. With that said, I think there are a couple opportunities to lighten up on some of the existing holdings at good prices.

Stocks I’m Looking To Sell Or Trim