August update

Over the course of the last month, my net worth has experienced a modest upswing, rising from US$150,195 to US$157,443. This encouraging progress is certainly reason to celebrate, but it’s equally important to approach the future with caution.

Now, let’s delve into the notable highlights:

The Positives

• Remarkable gains were achieved, courtesy of the stellar performances of PayPal, Alibaba, and to a lesser extent, some penny stocks
• Additional savings were garnered from extra income generated through private tutoring and a tax refund from the previous year
• Holiday expenses have been lower than expected and to some extent they were balanced by pre-paid expenditures.

The (Less) Positives

• Oatly’s disappointing performance after Q2 2023 resulted in a significant drop (-24%), and certain short positions triggered stop losses
• I’m moving to a new place in September, which caused a payment of an anticipated deposit.

While there have been positive developments, it’s worth noting that my investments have underperformed compared to most indices during the same period. This can be attributed mainly to Oatly’s performance and certain speculative positions that didn’t yield the expected results. However, it’s crucial to adopt a strategic approach and learn from these experiences.

I’d like to highlight that the tax refund effectively nullified the impact of the deposit I made for the new place. So, excluding one-off payments, my savings would have shown a slightly (200/300$) lower figure.

I want to express my heartfelt appreciation for your continuous support and encouragement. I’m eagerly looking forward to providing you with the next update soon!