Stefan Bacik
Czech Republic
4m
Dear investors and followers, I have prepared a regular overview of the most important events from the past month, including the key changes in our portfolio. I am generally satisfied with the way our portfolio is developing, and overall, we are doing quite well. I hope that the current situation will not change significantly by the end of the year, but as of today, our performance stands at +41.65% YTD, October closed with a nice +8.57%, and November is currently at +1.56%. I am a bit concerned about November, as we have recently experienced a fairly sharp sell-off, especially in technology stocks. This was caused mainly by renewed uncertainty in the market regarding the further progress of interest rate cuts. While a month ago there was strong optimism about upcoming rate reductions, today leading economists are not expressing such positive views. In addition, doubts are growing about whether the high valuations of technology and AI-related companies are truly justified. Nevertheless, I will continue to monitor macroeconomic data and central bank decisions. If it becomes clear that interest rates will remain high—or even rise—it could mean another period of increased volatility. As for the structure of the portfolio, the technology sector remains my key area of focus, and I continue to believe in its long-term potential. Regarding changes in the portfolio, you may have noticed that I made a few small adjustments. I added Meta (META) to the portfolio, and since I had a few hundred crowns left in cash, I used today’s drop in Bitcoin (BTC) to increase the position as well. Even though my negative stance toward BTC has not changed, I am always willing to take advantage of an opportunity for an extraordinary gain in this area too. Once again, I need to remind you that I am not a financial or investment advisor, and I do not provide investment advice or recommendations. I am a private investor using my own real capital. Before you decide to copy me, you should carefully consider and study all the risks associated with investing in stocks.
null
.