The good times continue to roll on the Patreon.
In the last year, the Patreon Portfolio is now +43.4%.
This is a pretty incredible gain and waxes the S&P 500 return of +29%. Even the world's best hedge funds do not generate returns like this, so if you're not happy with the way I've been running the portfolio I'm not sure what to tell you.
But as I've been writing repeatedly, I think stocks and crypto head much higher.
For that reason, it makes sense to review our portfolio and see where we should add to our positions to ride this bull even higher...
...because even though stocks and crypto are near all-time highs, my analysis shows we're likely going much higher.
Core Portfolio (SPY, QQQ)
The S&P 500 keeps putting in new highs week and week.
And the Nasdaq isn't far behind, as the tech-heavy index now trades a mere 16% below its 2021 high.
From a purely technical standpoint, both indexes remain in clear bullish technical uptrends...
...as the 15-day MA, 50-day MA, and 200-day MA are sloping upwards for both indexes:
S&P 500 earnings also continued their positive trend this quarter, growing 7.4% in the fourth quarter. This means that both the technical and fundamental trend for both indexes remains solid.
While there were plenty of reasons to sell our longs during this run, we've been correct to stay "long" our core portfolio positions. Until the technical picture starts to breakdown, I will stick to this plan as everything points to the indexes being in a secular bull market that will last many years.
Doesn't mean there won't be pullbacks along the way (there will be). But investing is all about getting the broader trend correct, and my analysis points to the upward trend still being very strong.
For this month, I will add to my SPDR S&P 500 (SPY) position in my retirement account this month as I do every month. I will also add to my Invesco QQQ (QQQ) position in my retirement account.
New Members: Allocate 5% of your portfolio to a long position in the SPDR S&P 500 ETF (SPY) and 5% of your portfolio to a long position in the Invesco QQQ Trust (QQQ).
Crypto Portfolio
The Crypto Portfolio continues to print money.