Happy New Year

I hope this update finds you well after the holidays. 

All of us here at Mangrove Investor had a great break and we’re excited to jump into 2023 with a new recommendation, which you’ll get in your inbox on Wednesday the 18th.

That said, 2022 went out on a down note, as you can see from this chart:

The S&P 500, our benchmark for the overall stock market, closed around 3,808, about a thousand points lower than it began the year… and the trend is down. 

That means we have the breathing room to take our time when we add stocks to the portfolio. Prices aren’t going to run away from us. And if they do, this market should bring them back to us if we’re patient. 

That’s what’s going on with our model portfolio right now. The stocks are moving in line with the S&P 500, for the most part. They were higher in November than they are today. I’m not concerned. We bought these companies with an eye toward where they will be in 12 to 18 months, not 2.

In 2023, we are going to focus on the areas of the market that have tailwinds today – energy, infrastructure, basic materials, and consumer fundamentals. So look for some interesting ideas over the next few months.

And as always, if you have any questions, please feel free to reach out at: WeCare@MangroveInvestor.com.

Best Regards,
Matt Badiali