Portfolio Performance

Hi,

Here’s a brief update on my investing journey so far — the kind of summary I always appreciate from other newsletters I follow. However, these portfolio statistics are easy to tweak, but I’ll try anyway. You’ll also see my rough patches, like the 42% drawdown a year after starting out.

This starting point, late 2021, was right at a market peak. Not an ideal start with such a drawdown— but a valuable learning experience. And more importantly, a very valuable time to add more capital at better prices.

Since then, both the portfolio and my approach have changed. Total capital invested is up 4x, and total value is up nearly 6x.

However, while this shows how my account looked, when indexed to a starting point of $1 000, it does not show the bumpy ride very well. Total return visualizes this better:

Total Return (49% vs 22% for index)

MSCI return calculated with similar timing of invested capital.

This total return is net of brokerage fees, which contributed -1.5% to this figure. When we consider the money-weighted CAGR, this is 21.5% as of July 15th, 2025.

This compares favourably to the 11.0% of the MSCI World Index, but looking above, the index was quite close as of early 2024, and beat my portfolio the first 1,5 year. Additionally, our portfolio have experienced more volatility.

If you are interested in checking out some of my writeups, I’ll leave links for the 3 most popular ones to date.