September update

Over the past month, my financial journey has taken an unexpected turn, as my net worth decreased from US$157,443 to US$137,235. The primary culprits behind this decline were Oatly, which lost more than 23% of its value, and PayPal, which saw a decline of approximately 17.5%. Additionally, some smaller fintech stocks in my portfolio experienced even steeper losses. While this may seem disappointing on the surface, I remain optimistic and view this as a unique opportunity to make strategic investment decisions.

Understanding the Decline

It’s essential to dissect the reasons behind this downturn. Oatly’s significant loss was driven by disappointing Q2 2023 performance, while PayPal faced challenges in the broader market. The fintech sector, as a whole, experienced some turbulence, affecting smaller stocks more severely.

Maintaining Optimism

In times like these, it’s crucial to maintain a long-term perspective and not be discouraged by short-term setbacks. Market fluctuations are a part of investing, and they can often create opportunities for those who remain patient and well-informed.

The Silver Lining: A Buying Opportunity

I see the recent market turbulence as a potential buying opportunity, especially for stocks like PayPal. The decline in their value presents a chance to acquire shares at a more favorable price point. It’s important to remember that successful investors often seize such moments to enhance their portfolios.

Additional Savings

I’d like to highlight that my savings were somewhat higher than expected due to the fact that I’m in the process of moving, and I paid only half a month’s rent instead of the full amount.

Conclusion

While the past month has been marked by a decline in my net worth, I choose to view it as a learning experience and an opportunity for growth. Investing is a journey filled with ups and downs, and it’s how we respond to these fluctuations that can make all the difference. By remaining optimistic, strategic, and well-informed, I believe I can navigate this period of market volatility and emerge stronger in the long run.

As always, I’ll keep you updated on my journey and any significant developments. Thank you for joining me on this financial adventure.