October P/L Challenge

Hello, October! While September is historically the worst-performing month for the stock market, this year it bucked the trend and delivered a positive return. Now, as we step into October, volatility remains high, driven by key events such as the Fed's interest rate decisions, China’s new stimulus measures, escalating geopolitical tensions in the Middle East, and the upcomimg U.S. presidential election.

With major indices approaching or hitting all-time highs, market sentiment suggests that a soft landing might be possible. Many are discussing the concept of a "Goldilocks economy," a scenario marked by balanced economic growth—not too hot to drive inflation, but not too cold to trigger a recession. Are you inclined to believe the same?

As for my portfolio, it has reached an all-time high this October, but I remain cautiously optimistic. Volatility will likely persist, fueled by the significant events mentioned above as well as the kick-start of the earnings season. However, volatility doesn't necessarily mean higher risk—it can also present opportunities to build positions in fundamentally strong, undervalued stocks. For my existing holdings, I’m emotionally prepared for any near-term pullbacks or corrections the market may experience, especially if the upcoming economic data or earning results of major companies fall short or not in line with the market expectations.

I would also like to share the importance of having a diversified portfolio. Although I have yet to breakeven on stocks like $Lululemon Athletica (LULU.US)$ , $Celsius Holdings (CELH.US)$ , $Hershey (HSY.US)$ , my overall portfolio is still positive, supported by the tech and healthcare stocks in the portfolio. With the interest rate coming down and the temporary issues on these stocks being managed, hopefully soon we will see these stocks to join the rally.

Thanks for reading and happy investing!