Portfolio Performance in 2023
Jan 10, 2024
Portfolio
It’s now 2024 and so it’s a good time to look back and see how well the free Peter Lynch portfolio performed in 2023. The free portfolio had quite a few ups and downs. At the beginning of the year the portfolio did well but by March things changed. For the year, portfolio performance was fairly meek. It lost 3.4% or put another way $10,000 turned into $9659.72.
Of course, this doesn’t include dividends. According to Y-Charts, stocks in the portfolio have to include dividends. Assuming a total average 5% yield, that still wouldn’t be a return that outpaced the S&P 500.
The S&P 500 index had a great year. Altogether it returned just over 24%. Thanks in large part to the magnificent 7. The large cap US tech behemoths provided those who were courageous enough to buy them at their lows in 2022 a healthy return. Unfortunately, I’m not one of those people. Feel free to read my prior lamentations on opportunity cost.
When we look at some of the individual stocks in the free portfolio we see there was some big winners and some big losers. In the winners category:
- Warrior Met Coal (HCC)
- Ramaco Resources (METC)
- Pangaea Logistics Solutions (PANL)
- Boise Cascade (BCC)
- Universal Insurance Holdings Inc (UVE)
Then the losers:
- BP Prudhoe Bay Royalty Trust (BPT)
- North European Oil Royalty Trust (NRT)
- PetMed Express Inc (PETS)
- San Juan Basin Royalty Trust (SJT)
- Sibanye Stillwater Ltd (SBSW)
Anyways, the year ahead looks exciting and there’s lots of opportunities out there. I know the premium portfolio has quite a few. Be sure to check it out and if you haven’t already subscribe to the newsletter to get free updates on the portfolio as it changes throughout 2024. Happy new year!