August 2024 Portfolio Update
August brought positive performance across our portfolio, with Apple, Costco, and our new addition, Dell, demonstrating resilience and growth potential. We’ve made key strategic adjustments to further refine our strategy and remain optimistic about future returns. Read on for detailed insights and our ongoing investment outlook.
Current Portfolio Allocation:
1. Apple Inc. (AAPL) – May Stock Selection: $69.02
• Performance: Apple continues to demonstrate strong market presence and innovation, contributing significantly to our portfolio’s growth.
• Strategy: We maintain our focus on Apple, leveraging its consistent dividend payouts and potential for capital appreciation.
2. Microsoft Corp. (MSFT) – June Stock Selection: $44.74
• Performance: Despite a slight downturn in market value, Microsoft remains integral to our strategy with its dominance in cloud computing and enterprise solutions.
• Strategy: We are closely monitoring Microsoft’s performance, considering increasing our stake if the stock price presents a favorable opportunity.
3. Costco Wholesale Corp. (COST) – July Stock Selection: $24.91
• Performance: Costco has shown resilience and growth, proving to be a strategic choice in consumer staples.
• Strategy: With consistent performance and reliable dividends, Costco will continue to be a key component of our portfolio.
4. Dell Technologies Inc. (DELL) – August Stock Selection: $3.11
• Performance: Dell has exhibited positive performance this month, indicating a beneficial adjustment in our technology sector allocation.
• Strategy: We are assessing the potential for further investments in Dell as it demonstrates growth and stability.
Strategic Adjustments and Overview:
• HFBL: We have decided to remove HFBL from our portfolio. This decision aligns with our focus on more predictable and stable investments.
• Brokerage: We will continue to use Public.com as our main brokerage. This platform supports our strategic investment goals with its robust tools and user-friendly interface, helping us manage our investments more effectively.
Moving Forward:
Our strategy emphasizes a balanced mix of growth and income, focusing on technology and consumer staples. We remain vigilant in monitoring market conditions and will make investment adjustments to optimize our portfolio performance.
Conclusion:
August has brought strategic insights and necessary adjustments. As we persist in our disciplined investment approach, our focus on diversified growth and maximizing dividends remains unchanged. We appreciate your interest in our investment journey and invite you to stay connected for more updates.
