I’ll keep this short and bitter. For the year across all my managed accounts I’m down 1% this year, my worst results in quite some time. Given the S& 500 is up 16.4%, that’s also my worst relative performance ever.
The good news is that I am still up 33.7% over the last two years since June of 2021. Take that S&P 500 (only up 1%). Clearly in 2021 where I was investing full time generated most of my best ideas and they started to lag when I returned to work.
Trying to juggle a full time job with investing was not working, so I’ve turned to the obvious solution. As of June 1st I’m back to investing full time (coinciding with the funding of a new client account!). I’m very happy and excited and have found more new ideas in the last 30 days than I found in the last year and half working part-time.
So expect this slump to end soon.