Davide Rinaldi @Karnikh: "𝕄𝕠𝕟𝕥𝕙𝕝𝕪 𝕌𝕡𝕕𝕒𝕥𝕖 – ℕ𝕠𝕧𝕖𝕞𝕓𝕖𝕣 𝟚𝟘𝟚𝟜 ɴᴏᴠᴇᴍʙᴇʀ..."

United Kingdom

𝕄𝕠𝕟𝕥𝕙𝕝𝕪 𝕌𝕡𝕕𝕒𝕥𝕖 – ℕ𝕠𝕧𝕖𝕞𝕓𝕖𝕣 𝟚𝟘𝟚𝟜 ɴᴏᴠᴇᴍʙᴇʀ ᴘᴇʀꜰᴏʀᴍᴀɴᴄᴇ: +2⃣4⃣.8⃣4⃣% ʏᴇᴀʀ-ᴛᴏ-ᴅᴀᴛᴇ (ʏᴛᴅ): +5⃣4⃣.5⃣4⃣% 𝟣-ʏᴇᴀʀ ʀᴇᴛᴜʀɴ: +6⃣5⃣.1⃣8⃣% 𝟤-ʏᴇᴀʀ ʀᴇᴛᴜʀɴ: +1⃣1⃣8⃣.1⃣8⃣% 𝟧-ʏᴇᴀʀ ʀᴇᴛᴜʀɴ: +4⃣1⃣5⃣.2⃣7⃣% 𝙈𝙖𝙧𝙠𝙚𝙩 𝙊𝙫𝙚𝙧𝙫𝙞𝙚𝙬 This past month saw markets reacting to the U.S. election results. Initially, the certainty of a winner spurred gains in tech and defense sectors, while the green economy faced setbacks. However, most of these sharp movements corrected themselves as the month progressed. Non-U.S. stocks are moving with caution as markets await clarity on the tariff policies President-elect Trump might adopt once in office. While such policies could eventually harm the U.S. economy the most, in the short term, they might trigger a period of market adjustment and underperformance globally. 𝙋𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤 𝙍𝙚𝙛𝙡𝙚𝙘𝙩𝙞𝙤𝙣𝙨 From a purely financial perspective, selling $TSLA (Tesla Motors, Inc.) before the election might appear to have been a mistake. However, I stand by the reasoning behind the decision. I’ve retained $SPCE (Virgin Galactic Holdings Inc) , which is now worth only a tenth of its original value. I don’t mind keeping it in the speculative corner of my portfolio for a few years while awaiting a potential recovery. On the other hand, Tesla is a market giant, and my previous position was significant. I still maintain indirect exposure through holdings in $VOO (Vanguard S&P 500 ETF) and $SPY (State Street SPDR S&P 500 ETF) 𝘾𝙧𝙮𝙥𝙩𝙤𝙘𝙪𝙧𝙧𝙚𝙣𝙘𝙮 𝙃𝙞𝙜𝙝𝙡𝙞𝙜𝙝𝙩𝙨 The cryptocurrency market entered a bull run this month. Key factors include the natural Bitcoin cycle, global geopolitical uncertainty stemming from Trump’s influence, and the resolution of the years-long legal battle between Ripple and the SEC, which gave the sector a significant boost. The ever-present Fear of Missing Out (FOMO) also continues to drive demand. 𝙍𝙚𝙘𝙚𝙣𝙩 𝘼𝙙𝙟𝙪𝙨𝙩𝙢𝙚𝙣𝙩𝙨 We secured profits this month by liquidating positions in Salesforce, Seagate, and Magnite. I don’t anticipate re-entering any of these positions in the foreseeable future. With the S&P 500 ($SPX500 ) now heavily concentrated—30% of its value comes from just seven stocks—analysts predict slower market growth, with estimates dropping from the historic average of 8% to below 5%. In light of this, I plan to allocate some liquidity towards high-yield dividend stocks for greater stability and income. 𝙎𝙩𝙧𝙖𝙩𝙚𝙜𝙞𝙘 𝙊𝙪𝙩𝙡𝙤𝙤𝙠 I’m also reviewing underperforming assets to identify candidates for consolidation, focusing on those I believe have strong growth potential in the coming months. After two consecutive years of returns exceeding 50%, my strategy now includes building a portfolio better equipped to weather the next market correction. In the near term, I’ll seek ideal exit points for $DASH , $LTC , $DOT , and $MANA . I’ll take more time to evaluate $SOL , $XLM , $ADA , and $TRX before making any decisions about their future in my portfolio. $BTC $NVDA (NVIDIA Corporation) $NLY (Annaly Capital Management Inc) $STLA.US (Stellantis NV) $ETH $XRP $AV.L (Aviva) $VIG (Vanguard Dividend Appreciation ETF) $HDV (iShares Core High Dividend ETF)

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

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