Stefan Bacik
Czech Republic
10m
Dear Investors and Followers, We are at the end of May and as you are used to, I have prepared a small recap of the most important things that happened in the last month. First of all, I'm talking about the regular update on the development of our portfolio. Finally, we have started to see a significant improvement in our total return for the year. At the time of writing this post we are around +8.95%, and that's not counting today's likely growth as more good news is coming. This puts us in the green not only for this month, but for the year overall. The overall market development is mainly influenced by Donald Trump and his trade war. I don't think there's any point in detailing the whole month because it's been a roller coaster ride. One day the tariffs were there, the next day they were postponed, the third day nobody knew who wanted the tariffs and why. The latest events of Friday were back to the same style. Fifty percent tariffs on the EU. Yes, you guessed right, the tariffs are being delayed for a month according to the latest reports to allow sufficient room for negotiation. However, this positive change hasn't run through the market yet due to Monday's holiday. I therefore expect growth today. I estimate the end of this month with an overall gain of approximately +10%. We'll see how it all plays out. As for the portfolio composition, I am not planning anything for this month, I am leaving everything unchanged. Thank you for your attention and I wish you all a nice and successful day. Finally, a little warning about the risks. As you rightly suspect, I would like to remind everyone that investing carries with it a few risks which it is good to study in advance. First of all, I remind you that I am not a financial or investment advisor and nothing I have written is advice or a recommendation.
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