Hi all, this is my monthly portfolio update which is a little different from my usual content. I hope you find this interesting and please let me know your thoughts on the companies I own a part.
Why am I sharing my portfolio?
That is a question you may be asking yourself. After all, many people find talking about there personal finances as taboo however whenever other people have shared there portfolios online I have always found it interesting and often motivational to see where I could be going. This is why I too will share how my portfolio progresses month to month.
With my current situation I am working full time with this website as a side project. The site currently is losing money each month however hopefully in the future, this will act as an additional supplement to my portfolio. With that being said, I thought it may also be fair to share my portfolio if some money from this site may eventually end up helping my portfolio grow.
I am also going to say my portfolio is by no means a large portfolio however, it also is a modest amount of money for some people. I don't want this post to come across as any form of brag. I purely want to share my portfolio in the name of transparency and curiosity. I will also be able to look back on this in many years to come as to whether I have made great decisions... or awful ones.
My Portfolio
So the total value of my portfolio as of July 1st 2022 is £10,877.69
The shares I currently own are all highly speculative growth stocks. You may disagree or agree with my picks and I am open to hearing your thoughts down in the comments below. I am now in my 4th year investing which in the grand scheme of things is a short time so I am open to the fact that my opinions may be flawed and I am happy to be proven wrong, however with my current judgement I am happy with my picks.
| Stock | Ticker | Quantity | Current Value | PnL |
| Virgin Galactic | SPCE | 381.54 | £1,979.43 | -67.89% |
| Tesla | TSLA | 9.23 | £5,198.61 | 68.96% |
| NIO | NIO | 44.63 | £787.50 | -39.20% |
| Crispr Therapeutics | CRSP | 16.30 | £859.06 | -41.85% |
| Bionano Genomics | BNGO | 791.47 | £876.14 | -59.05% |
| Accenture | ACN | 4 | £927.39 | 10.09% |
| Up Fintech Holdings | TIGR | 64.07 | £248.22 | 10.02% |
Changes Since The Last Update
So this month I made a couple of changes. I purchased a bit more Tesla being my favourite investment. I also ended up selling some TIGR stock as I may have needed the cash but then turned out I didn't so bought the shares back. I ended up losing out a little bit because of this. Typically I don't sell. I buy and hold. After my past few years of experience I have found the best method for myself is to dollar cost average into companies I enjoy. Tesla's delivery report came out recently for Q2 2022. This was lower than last quarter AS EXPECTED due to the communist Chinese lockdowns. This will likely cause Tesla stock to drop through Q3 in which I intend to increase my share count more. I see the next quarter being much better with their Shanghai factory being back at nearly full operation in addition to their Giga Texas and Giga Berlin factories ramping up. Time will tell what will happen and we will see next month if I manage to acquire more shares. My current goal is 10 shares so this should be another 1-2 months of saving for me. Any income I manage to invest comes from my day job as this blog barely makes any money at this point. I made about $1 on Medium in June and £1 through Google adsense on my site if my posts are seen through my website.
This is all for this month's update. Let me know what you think and thank you for reading 😊