Recording summary · September 2022
How much Money i Lost investing in Stocks [5EDepncCkWQ]
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Overview
Four months after his previous update video, Daniel detailed worsening losses across his main account, second account, copy trade portfolio, and day trading.
Daniel exited positions in tobacco, Lockheed Martin, energy, and earlier tech stocks, shifting holdings into AbbVie, Walgreens Boots Alliance, Barrick Gold, and Rio Tinto.
The reallocation is driven by technical indicators, expected winter healthcare demand, earnings conversions from US dollars to pounds, and macroeconomic expectations of a dollar crash and commodity rallies.
Themes
Portfolio performance and trading losses
Exited positions in tobacco, energy, aerospace defense, and tech
Healthcare investments in AbbVie and Walgreens Boots Alliance
Conviction holdings in Barrick Gold and Rio Tinto and technical analysis
Currency exchange impact and macroeconomic outlook on the US dollar and stock market
Developments
Daniel sold all of his tech stocks around April or May.
Daniel exited holdings in tobacco, energy, and Lockheed Martin.
Daniel transitioned his investments into AbbVie, Walgreens Boots Alliance, Barrick Gold, and Rio Tinto.
Daniel published an update video reviewing his portfolio performance four months after his prior video.
Uncertainties & gaps
Daniel does not know why energy stocks and Lockheed Martin remained largely stagnant despite surging gas and electricity prices.
Daniel does not know why tobacco stocks dropped by 17%, speculating that smoking habits may have declined.
Daniel does not know why the US dollar index maintains such a high value, speculating that the Federal Reserve and US government are propping it up prior to a crash.
Daniel predicts the US dollar and stock market will heavily crash after the US midterm elections when the Federal Reserve raises interest rates to tackle inflation.