Yes indeed, 2023 is already over: A year full of fun, sadness, despair, hope, shit, travels and many more. A year full of mixed emotions and my lowest contribution to this site since I don't know when. Maybe I should just take a look at the right bar of the menu of my blog to know since when.
For my portfolio, it's been the best year ever. The portfolio is up 45%.
The S&P did exaclty half of that: 22,4%.
When you own a considerable portfolio, that kind of performance makes a huge difference.
However, during the last days, I reduced some positions because the stock market is at an all-time high and experience has told me that it's always wise to have a lot of cash left when the market is high.
It may take 2, 6 or 9 months, but the stock market will go down by at least 10% sooner or later and many stocks wil go down even more than that during that period because the same news don't have the same effect on every stock.
And it's always during these periods that it's time to buy stocks. You can go wrong when you buy a specific stock that goes down but you can't go wrong when your favorite stock goes down along with the market.
So, I'll start 2024 with a cash position of 8.8% of my total portfolio. That's not super high but that's gonna be enough to benefit from what god will offer me. Yes, god, the non-existent creature that lives nowhere.
Penetrator: Absent but performing.
