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The time has come for me to perform my annual stock investment portfolio review. If someone had told me at the beginning of 2023 that major US indices would set fresh record highs, I would have immediately dismissed that as wishful thinking. Well, the only thing I am wishing right now is that I had allocated more of my portfolio towards equities in 2023. Then again, this is clearly hindsight bias.
Since 2022’s stock performance review, I have resolved to switch to a dollar-cost average (DCA) strategy via the Endowus platform. This is automated and probably one of the most cost-effective ways to invest passively. As such, I made little to no active investments except for opportunistic purchases in 2023 (more of this later). Nonetheless, a large part of my portfolio consists of legacy assets inherited from the active stock picking strategy of my past. This review will reveal that the general market has outperformed my active portfolio once again...