Nick Hodge,
Publisher
Aug. 12, 2024
Half Our Portfolio Went Up This Month as the Rest of the Market Tanked
“Really appreciate these updates especially on days like we had today and yesterday. Thank you, Mr. Hodge.” —Andre S.
"We live in interesting times, and I appreciate your midcourse guidance through the eye of this potential hurricane." —John K.
Follow me as I show you how to do the same...
You should be managing your own long-term capital and finances.
I can show you how.
If you’re already doing it, I can show you how to improve how you think about the markets and likely your performance as well.
My name is Nick Hodge. I’ve been managing and growing my own wealth since my early 20s with no capital headstart given. I’m now in my 40s with a family of five, and I co-own a financial publishing company that offers services to help you invest based on your risk appetite, portfolio size, interests, and goals.
This is an introduction to Foundational Profits, which is a monthly letter where I show you how I’m managing my retirement-grade capital, mostly via ETFs and large-cap stocks. You get to see how much I own of each position, when I buy it, and when I sell.
August is a great month to get acquainted with the service, because we just had a significant market event that included volatility spikes and selloffs across multiple assets.
Leading up to the event, members of Foundational Profits were in ~23% cash, ~14% gold, getting bigger in utilities and consumer staples, and entering REITs.
That was before any of the volatile events of the past month occurred.
That means nearly half of our portfolio was unaffected by the selloff, or was even moving higher.
You can see how we did it in the August issue. Every single position and how much we own.
Call it like you see it,
Nick Hodge
Publisher, Daily Profit Cycle