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Mistakes of a Top Stock Portfolio Manager

2020 has been a great year for investors in my Growth Portfolio, which after a 56% second quarter is now up 35% year-to-date through June.

That 35% return beat every single stock mutual fund with a B– rating or better during the first half of 2020, with the next closest managers returning 27%, 24%, 24%, 21% and 19% respectively. (source: Investors.com)

But not everything is good. My Conservative Growth Portfolio ended the first half with a –1% return year-to-date.

I have made some mistakes with the value stocks. These mistakes are really from selling stocks too soon, then watching them run higher.

So in this newsletter I’m not going to tout stocks I think will go up in value. Instead I’ll take a humble look back at the mistakes I have made and the lessons I learned in the process.