The Q1 Newsletter is a bit late this quarter. I’ve been tied up with work backing up some coworkers who have been out. Mea Culpa. Nevertheless, I’m happy to update everyone on the progress of James Capital. For the first three month of 2023, James Capital had one of the best quarters, achieving a growth of 24%. At the end of 2022, I made the decision to consolidate most of my singe stocks into the main ETFS that I believe were winners for the future. This decision has paid off! You can read more about that decision here in my past newsletter.
I’ve continued to invest mainly into two ETFs. FTEKX and FSELX. These will continue to be the bedrock of my portfolio going forward. Below is an image of the portfolio holdings and allocation.
In my opinion, there is still more opportunity for more consolidation within my portfolio but this will be dependent on some positions moving into the green. Or, waiting until the last quarter for the year to do some tax loss harvesting. I will speak more about that in a future newsletter.
All in all, there isn’t much more to be said about this quarter. Not much due diligence that needs to be done on companies since i’ve relinquished all of those duties.
As always, thanks for reading and feel free to share with those interested in learning.
Daviel James
James Capital