MY STOCK PORTFOLIO - JANUARY 2023
There are currently 16 stocks in my $56 900 portfolio on eToro and beyond , why do I own these stocks? What am I buying? What am I selling?
I had to sell my Icahn Enterprises position because of regulations on foreigners owning Master Limited Partnerships. It was only 2% of my portfolio. Instead I started an arbitrage position in iRobot.
🇺🇸 In the US Stock category, we have GEO Group, UNFI, Skyworks Solutions, JPMorgan Chase, Alaska Airlines, Essent Group, WarnerBros Discovery, and Apple $AAPL .
🌎 I have 2 Chinese Stocks in my portfolio, Alibaba $BABA and China Mobile. These are bets on the new and old Chinese economies respectively. I also have Prosus $PRX.NV which gives me exposure to Tencent at a discount.
⛏️ I have only one commodity stock in my portfolio now, FreePort-McMoran $FCX . FreePort-McMoran is the best performing stock in my portfolio over the last few years with the bull market in Copper $COPPER which is set to continue with the Copper Supply Gap.
🌟 I have two special situation stocks in my portfolio, Genworth Financial, and Activision Blizzard. Genworth Financial is going to have an IPO for its Mortgage Insurance business. Activision is an arbitrage opportunity as the company will be acquired by Microsoft.