Ionel Van den Berg @Lazacoin: "𝐓𝐡𝐞 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐁𝐥𝐮𝐞𝐩𝐫𝐢𝐧𝐭 | 𝐇𝐨𝐰..."

Netherlands

𝐓𝐡𝐞 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐁𝐥𝐮𝐞𝐩𝐫𝐢𝐧𝐭 | 𝐇𝐨𝐰 𝐈 𝐌𝐚𝐧𝐚𝐠𝐞 𝐓𝐡𝐢𝐬 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 Every portfolio tells a story. Mine is built around one simple idea: Own businesses that benefit from long-term structural trends, and use market volatility to buy more when the thesis remains intact. This is how I invest my own money with a 5+ year horizon. 🤖 𝐀𝐈 𝐈𝐬𝐧'𝐭 𝐎𝐧𝐞 𝐂𝐨𝐦𝐩𝐚𝐧𝐲 AI is a major exposure, but I see it as an ecosystem. AI needs chips. Chips need advanced manufacturing and memory. Data centers need networking, cooling and huge amounts of electricity. Businesses need software to make AI useful. Automation needs robotics. Future connectivity may rely on space. Rather than predicting one winner, I prefer to own multiple parts of the value chain. ⚖️ 𝐓𝐡𝐞 𝐌𝐨𝐝𝐢𝐟𝐢𝐞𝐝 𝐁𝐚𝐫𝐛𝐞𝐥𝐥 The portfolio is built around three core pillars: ⚓ 𝐀𝐧𝐜𝐡𝐨𝐫𝐬 Market leaders with durable advantages, strong fundamentals and the potential to compound for many years. Their quality and resilience justify larger allocations. 🚀 𝐌𝐨𝐯𝐞𝐫𝐬 Higher-growth businesses with greater upside across AI, robotics, space, fintech, e-commerce and emerging markets. Movers are more established growth businesses; High Movers are smaller, higher-risk positions with asymmetric upside. Position sizes reflect that risk. 🛡️ 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 Defense, critical infrastructure, energy, nuclear and short-term bonds. This pillar adds diversification, resilience and flexibility when markets become dislocated. Short-term bonds normally represent 15% of the portfolio, with flexibility toward 20%*. *Read my other pinned post! They aren't cash sitting permanently on the sidelines. They're dry powder, deployed using predefined market-risk signals during major dislocations and rebuilt as conditions normalize. 🎯 𝐏𝐨𝐬𝐢𝐭𝐢𝐨𝐧 𝐒𝐢𝐳𝐢𝐧𝐠 Every position starts with a target weight. Depending on the position, my framework defines a comfort zone, review level, trim-to level and maximum weight. The comfort zone requires no action. Review and trim levels trigger reassessment or reduction when a position becomes too large. This keeps sizing systematic rather than emotional. More mature businesses can justify larger allocations; speculative companies remain smaller. I'd rather know 20–25 companies exceptionally well than own 100 names I barely follow. 📈 𝐋𝐞𝐭 𝐖𝐢𝐧𝐧𝐞𝐫𝐬 𝐑𝐮𝐧 If the thesis remains intact, I'm happy to let winners compound. I don't sell simply because a position has gone up. I reduce a position when: • The thesis changes. • The position becomes too large relative to its predefined limits. • I identify a clearly better use of the capital. Price alone isn't a reason to sell. 🔄 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐍𝐞𝐯𝐞𝐫 𝐒𝐭𝐨𝐩𝐬 𝐖𝐨𝐫𝐤𝐢𝐧𝐠 When I trim, the money gets a new purpose: • rebuilding the bond allocation; • adding to temporarily undervalued high-conviction holdings; • or funding a new high-conviction opportunity. If the thesis remains intact but the market temporarily undervalues a company, I'm willing to increase the position. 📉 𝐓𝐡𝐞 𝐂𝐫𝐚𝐬𝐡 & 𝐁𝐮𝐟𝐟𝐞𝐫 𝐅𝐫𝐚𝐦𝐞𝐰𝐨𝐫𝐤 I don't try to predict crashes. I prepare for them. When predefined market-risk conditions indicate a major dislocation, I can deploy the bond buffer into high-conviction positions while the thesis remains intact. As conditions normalize, the buffer is rebuilt according to predefined rules. The goal isn't to catch the bottom, but to have capital available when quality businesses become cheaper. 🌍 𝐓𝐡𝐞 𝐋𝐨𝐧𝐠 𝐆𝐚𝐦𝐞 I don't expect to outperform every month or quarter. There will be periods where this portfolio lags and periods where it moves much faster. That's the nature of concentrated growth. What matters is the result after an entire market cycle, not one headline or earnings season. My objective is long-term compounding with enough risk control to stay invested through major drawdowns. 🔁 𝐓𝐡𝐞 𝐑𝐞𝐯𝐢𝐞𝐰 𝐏𝐫𝐨𝐜𝐞𝐬𝐬 The portfolio isn't set and forgotten. I regularly reassess the thesis, fundamentals, valuation, competitive position, sector outlook and sizing. Predefined review levels trigger deeper reassessment, with a comprehensive review at least annually. The goal isn't to predict every move, but to keep the portfolio aligned with the investment framework. ✅ 𝐈𝐧 𝐒𝐡𝐨𝐫𝐭 ✅ 5+ year horizon ✅ Long only ✅ No leverage ✅ No shorting ✅ No crypto ✅ Structural growth ✅ AI ecosystem exposure ✅ Emerging-market growth ✅ Three-pillar Modified Barbell ✅ Defined position sizing ✅ Predefined risk limits ✅ Let winners run ✅ Buy when conviction remains intact ✅ Tactical bond buffer ✅ Rules-based crash deployment ✅ Long-term compounding ✅ Disciplined capital allocation The goal isn't to predict the future. The goal is to own it. 𝐁𝐮𝐢𝐥𝐝. 𝐂𝐨𝐦𝐩𝐨𝐮𝐧𝐝. 𝐑𝐞𝐩𝐞𝐚𝐭. 🚀 — Ionel

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

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