Davide Rinaldi @Karnikh: "Monthly Update: Oct 24: +0.36% YTD: +23.77% 1..."

United Kingdom

Monthly Update: Oct 24: +0.36% YTD: +23.77% 1 Year: +46.10% 5 Years: +252.59% The past month brought positive, albeit modest, returns, with our performance still outpacing the benchmark. This was largely due to some disappointing earnings reports, which led to minor drawdowns in certain sectors, coupled with heightened uncertainty around the U.S. elections. (As we saw this morning, the market responds strongly to the stability of a clear election result, regardless of the winner.) We took the opportunity to lock in gains from our $TSLA (Tesla Motors, Inc.) position. I don’t anticipate reinvesting in Tesla in the near term—not because of doubts about the company’s long-term potential, but rather due to the share price’s heightened sensitivity to Elon Musk’s public persona, which has made it more volatile and less aligned with the company's fundamentals than I prefer. We also made strategic adjustments by exiting two long-term underperformers, reallocating those funds into high-yield dividend stocks and companies with strong outlooks for the coming year. Since the portfolio is already well-diversified, I focused on consolidating and enhancing positions in assets we already hold. $AMD (Advanced Micro Devices Inc) $STLA.US (Stellantis NV) $VOD (Vodafone Group plc-ADR) $MU (Micron Technology, Inc.) $ET (Energy Transfer LP) $LGEN.L (Legal & General) $AAPL (Apple) $UBER (Uber Technologies Inc.) $ADBE (Adobe Systems Inc)

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