June 16, 2020
This is the monthly update of my M1 Finance Wolf Pie portfolio for June 2020. 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 world is in turmoil. Across the world, people are protesting the police killings of black people. Coronavirus still rages on. Yet the stock market seems unphased. It may seem like a Bizarro world, but in my 20 years of investing, I’ve come to realize that this is just how the stock market works. In the short-run, it’s highly unpredictable!
The S&P 500 is no longer in a bear market (a decline of 20% or greater). It last closed at 3113.49, only 8.3% off its highs.
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.
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 money-weighted portfolio return is +72.26% since I started it on August 23rd, 2019.
It’s up 13.69% in the past month since May 18th.
These are my 11 holdings and their respective cumulative returns (not money-weighted) since I started the portfolio. My cumulative portfolio return (not money-weighted) is 28.50%.
These are my 11 holdings and their respective money-weighted returns since I started the portfolio.
These are my 11 holdings and their respective money-weighted returns in the past month.
I changed my contribution strategy again. I’m investing $50 every 2 weeks instead of $100 a month. I’d prefer to invest every week, but I want to make sure that I invest enough to avoid having too many excluded trades.
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.
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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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