Happy New Year everyone! Before 2024 ended, I made some changes to my portfolio to position myself for long term tax savings by maxing out contributions to my IRA & HSA accounts. I am really happy for how 2024 went and I am looking forward to what 2025 has in store.
Portfolio Allocation:
Cash & Equivalents (54.9%): Cash & 1-month US Treasuries
Debt Investments (0.0%): US Treasuries, US I-Bonds, and CDs with maturities greater than 1 month
Public Equity (41.1%): Publicly traded stocks and ETFs
Real Estate (0.0%): None at this time
Alternatives (4.0%): Small businesses and internet projects I have invested in, valued at the cost of my investment
Public Equity Portfolio Allocation:
Thoughts on Public Equity
- SoFi stock has performed incredibly well in recent months; I was lucky the calls I sold expired worthless before the stock began its rally. It is now +11% of my entire portfolio, I do not mind that right now as my adjusted cost basis is $6.50 a share and I want to keep my bet on SoFi.
- I still have my GME position, and I have collected healthy covered call premiums on it. Currently this trade has netted me 40% in pre-tax returns so far, I will be closing out of it when my calls expire in January.
- Since my last update, I have added to my long-term positions in VOO, APO, JEPQ, KKR, BX, & BLK.
- I have a lot of exposure to the financial sector going into 2025, which I anticipate will perform well.
My Overall Thoughts
- My cash allocation is heavy for my age, my goal for this is to buy my first home. The market has been incredibly tough and looks like it will continue to be tough.
- I am focusing on adding more types of content on Portfolio Literacy to create more value here, which I hope will be exciting for new readers.
- For 2025, I am stuck on the idea of locking in, finishing the last stretch I have for my CPA, buying my own home, and building an exceptional brand with Portfolio Literacy.
Disclaimer:
This page contains mentions of publicly traded securities. This is not a recommendation to buy, sell, or trade said securities or their derivatives. Consult a financial advisor for your specific situation.