$259k Stock Portfolio Update Selling Out of Alibaba Stock. BABA

About this video

• Video Title: $259k Stock Portfolio Update Selling Out of Alibaba Stock. BABA
• Channel: 25 and invested;
• Speakers: [Speaker's name not explicitly mentioned in the transcript]
• Duration: 17:54

Overview

This video provides a detailed update on a stock portfolio, highlighting recent changes, performance across different accounts (TFSA, non-registered, RRSP, emergency fund), and the rationale behind investment decisions, including selling Alibaba stock and reallocating funds. The speaker also discusses their investment philosophy and market outlook.

Key takeaways

• Portfolio Value: The combined investment portfolio for the speaker and their wife has reached $259,000, with a year-to-date gain of $28,000 (18.58%).
• Alibaba Sale: The speaker has sold their entire position in Alibaba (BABA) after achieving a significant gain, reinvesting the funds into XQT.
• Investment Strategy: The core strategy involves a high allocation to broad market ETFs like XQT and VEQT (aiming for 90% XQT, 10% "fun" or stock picking), with a focus on total return rather than dividends.
• Account Breakdown: Updates are provided for the TFSA ($179,000), wife's accounts (TFSA at $71,000, First Home Savings at $84,000), non-registered account (currently rebalancing with Lululemon stock), and RRSP ($10,000 invested, growing at 8%).
• Emergency Fund: The emergency fund is maintained with Wealthsimple, offering 2% interest without a lock-in period, prioritizing liquidity.
• Market Outlook: While acknowledging the current bull market and strong returns, the speaker expresses a cautious long-term view, anticipating market downturns and emphasizing the importance of a strategy that can withstand volatility.