Luca Mulargiu @LucaMulargiu: "THE MONDAY PORTFOLIO UPDATE Here we..."

Italy

THE MONDAY PORTFOLIO UPDATE Here we are, another week has come to an end. Overall, April has brought a bit of relief compared to the previous two months. Nothing extraordinary, but definitely a slightly less stressful environment than what we had gotten used to. That said, the overall picture hasn’t changed. The geopolitical situation remains tense. Negotiations don’t seem to be leading to any concrete developments and, most likely, this phase of uncertainty will continue for a while. And this is exactly where our approach matters most. Our job is not to predict the future. We don’t need to guess what will happen. We simply need to ignore the daily noise and think in terms of scenarios. From an operational standpoint, after the purchases made during previous market dips, we are now in a waiting phase. At the moment, we have around $5,500 in cash, and the idea is to slightly increase it. We will only use this liquidity if we see more significant market declines or if certain companies reach more attractive price levels. For the rest, this is not the time to move or radically change the portfolio. I understand that this is not an easy phase for many. But this is exactly where the most important part of the game is played. Enduring uncertainty is the price to pay for achieving long-term results. I’ve said it many times and I’ll say it again: to achieve good long-term results, you don’t need to be a genius. You simply need to avoid making mistakes. The biggest risk is not the market. It’s our behavior. When we start thinking we’re smarter than everyone else, when we look for shortcuts or try to get rich quickly… that’s where problems begin. Always remember this. If investing is not boring, if it gives you thrills or adrenaline… you’re probably doing something wrong. I’ve always appreciated a quote by Peter Lynch: “Investing is like watching grass grow.” And no one enjoys standing there watching grass grow. But that’s exactly how it works. The recipe is simple: spend less than you earn save as much as possible invest repeat for years At some point, you’ll realize you’ve built something meaningful, without doing anything extraordinary. CASH FLOW FOR THE WEEK Interest on cash: $36.43 Dividends: $KO (Coca-Cola): $19.50 $TSM (Taiwan Semiconductor Manufacturing Co Ltd - ADR): $21.13 $NIKE: $18.41 $NOVO: $72.25 Total received: $167.72 As for new deposits, for now I prefer to wait. Over the past months we’ve made several significant additions, so it makes sense to take a breather and manage the available liquidity calmly. As always, if you have any questions or want to discuss anything, I’m here. Have a great day everyone @LucaMulargiu

Not investment advice. The author may have financial interests in the mentioned instruments.

3 Mentioned

Coca-Cola

TSM

Taiwan Semiconductor Manufacturing Co Ltd - ADR

LucaMulargiu

Luca Mulargiu

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