April 5, 2020
This is the monthly update of my M1 Finance Wolf Pie portfolio. I started this portfolio from $0 in August 2019 to show you how to invest your first $1,000 (and beyond) in the stock market.
I follow a strategy called focus investing. Focus investing is a strategy used by legendary investors Warren Buffett and Charlie Munger. For more on my strategy, click here.
In this post, I will cover:
- My general thoughts on the market
- The S&P 500
- My Wolf Pie M1 Finance results
The biggest news affecting markets continues to be the coronavirus and there’s a lot of fear and uncertainty going around. These are definitely scary times for all of us.
Continuing its slide from last month, The S&P 500 is now in a bear market (a decline of 20% or greater). This is the first bear market in over a year (December 2018) and the worst since the Great Recession. Long-term investors who are well-capitalized see a bear market as an opportunity because we can buy high-quality stocks at cheaper prices.
There have been 32 bear markets from 1900 through 2013. On average, bear markets happen about every 3.5 years. An average bear market lasts 15 months with an average decline of 32 percent.
The S&P 500 is now 26.66% off of its all-time high of 3393.52 that was set on February 19th.
I have a 10+ year investing time horizon so I’m still investing for the long-run as usual and will continue dollar-cost averaging into my Wolf Pie.
My portfolio is down 34.97% since I started it on August 23rd, 2019.
So what do you think? Share this story on social media and leave a comment in the comment box.
I/we own shares of all of the stocks depicted in the portfolios.
Except for Wolves of Investing, I/we are not receiving any compensation from and do not have any business dealings with any companies whose stocks are discussed in this article.
stock of the month results
Every month I pick a stock that I believe has long-term potential to beat the market.
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Videos on stock investing
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Donnie Nguyen is the founder and CEO of Wolves of Investing. He started investing in the stock market in the early 2000s. He follows the teachings of Peter Lynch, Warren Buffett, and other investing legends. When he's not investing or blogging, he loves spending time with his family traveling and experiencing the world.
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