Good morning investors!

Every month we publish our “Portfolio Update” — Edge+ members get a full access look into our portfolios, including holdings, performance, activity and our watchlists for the upcoming month.

Let’s dive in.

Portfolio Update - Mark

For those new here, IE+ subscribers get full access to my monthly dividend portfolio updates, which includes:

• Portfolio Snapshot

• Portfolio Performance

• Stock Purchases

• Stock Sells

• Watchlist

*Note - this is the ONLY place where people can find our entire portfolios.

Portfolio Snapshot

As of the end of May 2024, my portfolio contained 53 total positions, an increase of 2 new positions from the prior month.

“Sell in May and Go Away” was certainly not the case this year as our portfolio had a VERY strong month as we outperformed the S&P 500, largely led by a lot of our technology stocks.

Rates continue to remain elevated, but investors are starting to see inflation slow a bit, so they are trying to figure out how many rate cuts are coming this year, and when they will begin. Our portfolio is well setup for rate cuts as we have built up our exposure to the beaten down REIT sector.

I continue to look for opportunities in the market, and a focus of late has been building a larger position in AMZN as opportunities persist. If inflation does continue to come down, we could be in for a solid second half of the year for the markets, assuming nothing in the economy breaks down.

Monthly Activity

In this section, I detail out any transactions that were made within the portfolio during the month.

Portfolio Update - Chris

Every month, Investor’s Edge+ members get updates to my individual brokerage portfolio, which includes:

• Portfolio Snapshot

• Portfolio Performance

• Stock Purchases

• Stock Sells

• Watchlist

*Note - this update ONLY includes my brokerage portfolio. Retirement accounts, cryptocurrency, real estate and cash/cash equivalents outside of the brokerage are excluded from this update.

Portfolio Snapshot

As of the end of May 2024, my brokerage portfolio contained 57 total positions — 55 stock holdings and 2 options contracts.

May was a decent month for the portfolio, though I did underperform both the S&P 500 and the equal weight S&P 500. Overall, my portfolio increased +1.8% in May.

As I’ve mentioned in previous months, there isn’t much to be excited about in terms of value plays so I have been rather cautious and strategic in my moves. It may not be glorious or make for the best content but patience and striking at the right time is more important to me.

I shared this in the Discord but thought it warrants to be discussed here as well. The concentration of the Mag7 indexes keeps getting larger and the overall returns of the market is being driven by these mega caps. Nvidia alone was up +27% in May.

Here’s a look at a chart that shows just how much of the returns are skewed over the last 4 years. The blue line in the Mag7 stocks:

If you invest in any indexes like myself, you have exposure to this so you haven’t been mad at the returns. But sooner or later there will be a reversion to the mean and odds are these indexes will get punished.

That’s why I personally like having a foundation of diversified index funds along with individual stocks. I may underperform the market some months when high flyers carry the market, but more often than not I am able to outperform thanks to built in diversification and deep value purchases.

So for now I’m content remaining patient and striking when opportunities present themselves.

Monthly Activity

In this section, I will go through the transactions that were made within the portfolio during the month.

What We Are Watching

If you are looking to see specific stocks that we are watching in June, check out this post from earlier this month:

Closing Remarks

May was a much better month than we expected, which is always a good problem. However, we are approaching the summer months and that period that presents no real catalyst higher.

Depending on continued inflation data, we could be in for a dry spell in which the markets trade sideways for a bit and consolidate, but we are also gearing up for a strong second half in my opinion so both portfolios are re-positioning for that as well.

We will continue to look for new ideas in the market and bring you as much information as we can to give you an EDGE in the markets.

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And don’t forget to LEAVE A COMMENT. Let us know your thoughts on our portfolios, share your watchlist for the month or even just let us know that you appreciate the content.

Thank you, and until next time investors!

Mark & Chris

The Investor’s Edge

Disclaimer

This article is intended to be for educational and informational purposes only. The views described in the article are those of the author’s and should not be construed as financial advice. Perform your own due diligence or contact your Financial Advisor before making any financial investment. I have positions in all of the stocks & ETFs mentioned below as of the publish date. This is a disclosure - not a recommendation to buy or sell stocks.