January 2026 Portfolio Update
Hello everyone,
Before diving into markets, I want to thank all of you who continue to follow and copy my portfolio — your trust means a lot. I'm committed to a strategy based on discipline, quality, and long-term growth.
January started with renewed enthusiasm, particularly in the first half of the month. Big Tech and AI-related stocks continued to attract attention, and many investors focused on opportunities in semiconductors, clean tech, and defense sectors. At the same time, earnings season introduced more caution, with volatility returning in the final sessions of the month. Retail participation also picked up again, especially in speculative crypto assets.
In this context, I chose to remain cautious. Corrections like the one seen in late January are not unusual — and I consider them an opportunity, not a threat.
The sharp drop in software stocks at the beginning of February was mainly driven by the release of new AI tools — particularly those from Anthropic — which reshaped short-term market sentiment. I don’t see this as the end of the sector, but rather as a natural correction that could lead to new long-term opportunities.
In crypto, I find current levels of $BTC and $DOGE particularly interesting for gradual long-term entries. Among equities, $UCG.MI (UniCredit Commercial Bank) (UniCredit) has performed well and may soon be closed to lock in gains and maintain portfolio flexibility.
I remain “long only,” with a strong cash buffer and a focus on real value.
Thanks again — and wishing you all a great start to the year!
... Show More
Ciao Massimiliano, I’m planning to copy you with €5,000. To help me manage my expectations, do you personally make regular monthly deposits into this account, or is the capital you have in there now mostly fixed?
If you do add funds regularly, by what average percentage do you increase your balance... Show More
1 reply
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Tue Mar 10 2026 11:55:56 GMT+0000 (Coordinated Universal Time)
