Pedro Acuna Taboada @NoImportan3: "Hello everyone! February and March were..."

Chile

Hello everyone! February and March were tough months for our portfolio. Even though we were sitting on a solid 15% cash position, we still saw a total drawdown of around 15%. While that might be scary for some, that's just the price of admission in the stock market. We've seen worse drawdowns, and we'll see them again. There is no need to worry, over the long term these things are just noise. During this dip, I decided to put all of our cash to work and go back to our standard 100% invested approach. I made the call on March 30th after the market closed, and officially opened the positions on the 31st because prices were really starting to look attractive. Funnily enough, the 30th ended up being the absolute bottom. Just by pure luck, we caught the exact right time to buy. I opened a 10% position in $META (Meta Platforms Inc) that's up 23% since then, and a smaller 5% position in $ADBE (Adobe Systems Inc) that's up by 5% so far. While those moves definitely helped, the portfolio as a whole has bounced back strongly. We’ve recovered all lost ground this month and are now up about 12% YTD. Ultimately, no one (except maybe Trump and his friends) can predict what's going to happen the next day, week, or month. We don't need to. As long as our portfolio is made of strong companies trading at reasonable, or even better, cheap prices, we'll do just fine. Hope you all have a great week!

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

2 Mentioned

META

Meta Platforms Inc

ADBE

Adobe Systems Inc

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