February 2023 Stock Portfolio Update

February 2023 Stock Portfolio Update

Robert

Robert Watkin

04 February, 2023

Category: Personal Finance Basics

Hi all, this is my monthly portfolio update which is a little different from my usual content. I hope you find this interesting and please let me know your thoughts on the companies I own a part.

Why am I sharing my portfolio?

That is a question you may be asking yourself. After all, many people find talking about there personal finances as taboo however whenever other people have shared there portfolios online I have always found it interesting and often motivational to see where I could be going. This is why I too will share how my portfolio progresses month to month.

With my current situation I am working full time with this website as a side project. The site currently is losing money each month however hopefully in the future, this will act as an additional supplement to my portfolio. With that being said, I thought it may also be fair to share my portfolio if some money from this site may eventually end up helping my portfolio grow.

I am also going to say my portfolio is by no means a large portfolio however, it also is a modest amount of money for some people. I don't want this post to come across as any form of brag. I purely want to share my portfolio in the name of transparency and curiosity. I will also be able to look back on this in many years to come as to whether I have made great decisions... or awful ones.

My Portfolio

So the total value of my portfolio as of January 4th 2023 is £13,665.82, up £5128.70 (60%) from last months update and up 51.22% Year to Date!

The shares I currently own are all highly speculative growth stocks. You may disagree or agree with my picks and I am open to hearing your thoughts down in the comments below. I am now in my 4th year investing which in the grand scheme of things is a short time so I am open to the fact that my opinions may be flawed and I am happy to be proven wrong, however with my current judgement I am happy with my picks.

StockTickerQuantityCurrent ValuePnL
Virgin GalacticSPCE513.6160161£2,590.56-62.61%
TeslaTSLA57.64956828£9,085.6228.79%
Crispr TherapeuticsCRSP16.30181535£747.44-49.41%
Bionano GenomicsBNGO800.0652266£1,241.13-42.47%

Changes Since The Last Update

The start of 2023 has been great so far with my portfolio up a solid amount. Bringing my Tesla from the red for the first time in a few years back into green at +28.79%.

With Tesla starting a pretty solid run as soon as the year started, I decided to make my deposits in January go towards a stock that was still down a lot in my portfolio. This being SPCE. My SPCE holdings were down over 70% at the start of last month and with the knowledge that Q2 still seems the goal for commercial flights to begin I wanted to grab some more stock at potentially one of the last chances I have.

I managed to fund an additional £500 worth of SPCE taking my holdings in SPCE from 400 shares to 513 while also taking my average cost per share from around £16 down to £13.49. I obviously see a lot more risk with SPCE. This isn't an investment like Tesla as Tesla has hit a point of profitability where I feel bankruptcy is nearly impossible. SPCE is still very much a gamble. 

As mentioned in previous updates, I am still fairly young at 23 years old and I am very happy to take on additional risk while I am young. As these are risks I wouldn't want to take if I had a family to support or other financial responsibilities. I see Tesla still as my primary investment over the next 10+ years and most likely to succeed.

I am not a financial advisor and anything I say in my blog is not to be taken as financial advice. For any financial advice please contact a financial professional. My blog is based on my own opinions, research and understanding of the financial markets.

I hope you have found this blog post helpful. If you did enjoy the blog then consider leaving feedback below or sharing the post on social media. I regularly post content on the stock market, personal finance, and side hustles/entrepreneurship so if you would like to read more then consider subscribing to my blog through my website (www.portfolio-hub.co.uk) for free or follow me on Medium.com.

Thanks for reading

Comments

There are currently no comments on this post

Create an account to comment

Subscribe to our blog

Enter your email address to receive updates about new posts:

Categories


About Us

At Portfolio Hub, we are dedicated to helping individuals manage their personal finances and achieve their financial goals. Our blog provides valuable insights and resources on topics such as budgeting, investing, and retirement planning.

Learn More

Continue Reading