Update 29/01/2026
Dear investors,
I wanted to publish an extra update because today the market is down -2.71% ( $NSDQ100 at the moment of writing), and our portfolio is following with a -2.46%.
I'm not here to offend your intelligence and say the usual "this is a great opportunity, you should be happy". I'm here to share my view and explain how I'm approaching this current market situation.
Today many big tech stocks are moving sharply after the earnings reports.
One thing that the market seems to be particularly focused on, is how much companies are spending on artificial intelligence (AI) and whether these investments will turn into profits soon. We talked in another post about the possibility that the market was going to punish companies that have long-term prospects, but don't make money now.
This is hitting our top holdings hard:
$MSFT (Microsoft)
Microsoft reported strong revenue and profit, but investors are worried about how much it is spending on AI. In addition to that, cloud growth is slowing. The result is a -12.83% at the moment.
$NOW (ServiceNow Inc)
ServiceNow had a great quarter, beating expectations on sales and profit, and forecasting good future growth. Despite this, the stock is down a staggering -13.05%, apparently because investors are nervous about software sector performance and big acquisitions (at least according to Bloomberg, this is not a concern I personally share).
This is obviously not what we like to see.
However, I strongly believe we were positioned in a good way for this scenario.
First, we deployed another 13% of our cash to buy quality companies at much lower prices.
Second, the stocks that are falling the most in our portfolio all reported strong earnings and solid future prospects, which matters when we look beyond one single day and focus on the long term.
Finally, we still hold 35% in cash, ready to be used if more opportunities appear.
This is my personal analysis. It is not meant to reassure you so that you stay invested. I believe that being honest and transparent is the best approach. The final decision is, as always, yours.
Thanks for reading, and good luck!... Show More
Hello, I have a question: why do you often close some position of a company and the same day you open another position of that exact stock? Like today with NOW? I have seen this doing other investors too and I still don’t understand... Show More
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