Portfolio Changes: What Happened in March 👀

Hi, GRIT VIPS! 👋,

Happy Easter (to all who celebrate!) 🐣 

This newsletter is new! I, (Genevieve Roch-Decter), will send new monthly newsletters breaking down my thoughts on the hot news of the week, my portfolio changes, and the rationale behind my buys and sells. This is the first edition! 💪

What a week, a month, and a quarter it's been!

S&P 500, DOW, and NASDAQ all hit RECORD HIGHS! 🚀 🎉

Thanks, Jerome!

Let’s get into it….

Here’s what happened this week: 👇

- Bitcoin up +5% AND back to +$70,000

- Cathie Wood says the price of bitcoin could reach +$3.8 million

-Baltimore Key Bridge collapse disrupts nation's most significant auto traffic. With +$80B annual trade, each day closed costs $217 million in dock traffic

- The price of cocoa was +250% last year as we headed into peak chocolate season Easter!

- Trump Media skyrockets +58% post-SPAC merger debut. The potential value of Trump's shares +$6.2 billion

- Larry Fink, the CEO of the world’s largest money manager, BlackRock, says U.S debt at “very dangerous” levels

- US federal debt is rising by $1 trillion every 90 days right now

- Amazon invests additional +$2.75B in AI startup Anthropic (total +$4B invested, most significant outside investment ever)

- Canada Goose cuts 17% of corporate roles. Stock down -75% over the last five years

- Insider selling in tech stocks hits highest in 3 years

- Over +50,000 tech industry workers have been laid off in 2024

- Visa & Mastercard reach +$30B swipe-fee deal (one of the most significant antitrust settlements ever)

- Fidelity files for spot Ethereum ETF

- Boeing CEO announces stepping down at end of 2024

- New home prices in the U.S. are down -20% from highs. Officially in bear territory. Falling at a faster rate than even 2008 (according to Reventure)

- The world is using more oil than ever, and demand is outpacing expectations again this year

- FTX founder sentenced to 25 years in prison

- FED preferred inflation measure (PCE inflation) up +2.5% YoY (in line with expectations)

- Fitch warns plunge in US office values could match or exceed 2008's real-estate collapse

- Reddit insiders selling stock after the IPO. CEO sold $16 million, CTO sold $6 million and COO sold $16 million

- Gold hits new record high

- Larry Fink publishes Annual Letter to Shareholders (highly recommend reading it here!)

Now, let’s get into MY PORTFOLIO! 📊

MARCH TRADES:

I added to the following positions:

• Apple (AAPL-US)

• Google (GOOG-US)

• Brookfield Asset Management (BAM-US)

• Visa (V-US)

• Descartes Systems (DSG-T) 

MARCH (and Q1 2024) THOUGHTS 🤔 💭

What an unbelievable start to the year for the S&P 500 (+10.16%) and NASDAQ  (+9.11%).

This is the 14th-best start to a year, going back to 1928!

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