Six Months of Stock Picking

Yesterday marked 6 months since the start of my stock picking journey. Needless to say, I have learnt a lot and I still actively learn as much as I can on a daily basis. Performance wise, I would also say that I am quite pleased with how things are turning out. I have managed to build a portfolio of businesses I like and believe in for the long term.

My portfolio of US-based stocks has returned 8.55% over the past 6 months. This is mostly a collection of mid-cap companies that I believe to be favourably priced and have a lot of potential to grow into the future. Going forward, I like the prospects of my portfolio companies and believe in their ability to perform strongly over a longer term horizon.

Closer to home however, my Nigerian Equity portfolio closed the period recording a loss equal to -11.95%. This is largely due to my positions in banking stocks which have recently taken a beating following the recapitalisation directive from the Central Bank. I still hold firm and have even recently increased my positions in the banking stocks I hold as I believe them to be winners in the long term.

In other news, I recently developed a python program that helps me manage this site. To avoid having to migrate to a framework - which will likely be overqualified for building a simple site like this one, and to avoid the hassle of writing individual html pages, I now use my program to manage the site and generate the html pages for my posts. This post here is the first one I have written with help from this program.

May 01, 2024