Portfolio five is 12 1/2 years old. The beneficiary contributed $6500 and the trustee $13,000 for a total of $19,500. The current value is $35,277 for a gain of $15,766 or 80%, which is 8.2% / year adjusted for the timing of cash flows. Go here or to the link on the right for more details.
Portfolio five has been impacted by the market decline, as follows:
- We made some purchases earlier in the year of Appian (APPN), Intel (INTC), Block (SQ) and SNAP (SNAP) that fell 30% – 50% after the purchase. We will look again these stocks
- We bought Activision (ATVI) which did well (up 20%) with an acquisition offer from Microsoft; we should sell at this point
- Cloudflare (NET), OKTA (OKTA) and PayPal (PYPL) have all been impacted recently. Cloudflare fell far but came back. OKTA made an acquisition that the market did not like and was hit by a hack and the general decline in software valuations. PayPal stopped giving forward guidance and was hit hard by the market. We will re-look at these stocks