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Romes' Investment Newsletter #3!

Author

David Soto
April 01, 2025

Portfolio Progress

Hello everyone! Thank you for checking out issue 3 of my investment newsletter. I really do appreciate the support. It means more than you know. When I started this, I didn’t know what to expect from it. If people would enjoy reading any of this. I am happy to say that there are 28 of you who read this, and I love you all for it! Thank you so much for your support. Now, let us get to the good stuff.

I did not contribute much this month, I added $64 (from Fidelity CC) to my account. I used that to buy WDTE and ABR. If you do not have the Fidelity credit card, I would highly suggest getting one. I use the points I get to redeem the cash right into my Roth IRA. This way, if I am tight on cash, I at least know something will be get added each month. Gives me more peace of mind. As far as my portfolio is concerned, I am down $79 for the month. The market did not do well this month and there was a lot of blood in the water. However, I was able to hit $30.33 in dividends compared to the same month last year, which I only made $6.18 in dividends. Solid jump which I hope I can double next year.

As many of you know, I have been chipping away at my debt. I started with roughly $30k and I am down to about $19k this month. From February, I was able to reduce my debt another $3,601.81. I am one month closer to financial freedom! I am happy with my progress and can see myself being down this year. That is my main goal.

Market Update March

The stock market faced a tough period due to a mix of economic and policy challenges. Uncertainty over President Trump's tariff plans, especially on imports from Canada, Mexico, and China, sparked fears of a trade war, while sticky inflation (with the PCE index hitting 2.8% year-over-year) raised doubts about Federal Reserve rate cuts. Consumer confidence dropped to its lowest since late 2022, tech stocks like Nvidia and Tesla saw sharp declines, and recession signals; like a contracting manufacturing sector added to the gloom. The S&P 500 fell into correction territory, losing 4.9% year-to-date by March 28, with volatility spiking as the VIX hit 29.57, closing the month at a six-month low amid ongoing uncertainty. I am still positive that this year will be a good year for the economy and us.

Crypto Update: March

The cryptocurrency market experienced a dynamic yet volatile period, with the total market capitalization fluctuating between $2.8 trillion and $3.6 trillion. Bitcoin (BTC) saw notable swings, reaching levels around $81,900 while briefly reclaiming $92,000, driven by investor confidence and anticipation of regulatory developments from the White House Crypto Summit. However, as the month ended, it hovered around $82,584.85.

Ethereum (ETH), Solana (SOL), and XRP posted solid gains, with ETH surging 6.42% to $2,316.35 and XRP rising 5.12% to $2.63, fueled by optimism around a potential U.S. Strategic Crypto Reserve proposed by President Trump. However, the market faced challenges, including a dip in sentiment after the Summit failed to deliver firm commitments on new token acquisitions.

Advice for New Investors

Start with a clear goal in mind—whether it’s long-term growth, retirement savings, or something else—and let that guide your decisions rather than chasing quick wins. Long-term mindset will save you a lot of money and make you money.

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DISCLAIMER

This is not financial advice, just my personal opinion. Be sure to consult a licensed professional before making any significant financial decisions.

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