💪 Selling the Strength (2023 Portfolio)
Time to re-evaluate and reassess as we head into 2023...
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On December 3rd, 2021 — I shared with you all my wealth building strategies, one of which being my stock portfolio. I’m young, therefore I’ve invested aggressively into growth and innovation — while being mindful of my “core” holdings (Mega-Caps).
12 months ago, investing meaningful amounts of money into aggressive growth and innovation made a lot of sense. Interest rates were low — therefore, growth at any cost was a viable strategy for countless tech executives.
Considering the risk-free rate (T-bills) was so incredibly low — risk-adjusted returns were reasonable. It made sense to have exposure to these types of high octane companies.
But, Things Have Changed
As recently explained in this post, things are very different today when compared to 12 months ago. That reality, however, is not what’s driving my decision making — but instead the fact that I believe things will remain very different for years to come.
Allow me to explain myself, then I’ll share with you how I plan to achieve my goal of $80,000 / year in tax-advantaged portfolio income by 2031.