Vladyslav Koptiev @AtlasCapital: "𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝘂𝗽𝗱𝗮𝘁𝗲 - 𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿 𝟮𝟬𝟮𝟱 Last..."

Malta

Edited

𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝘂𝗽𝗱𝗮𝘁𝗲 - 𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿 𝟮𝟬𝟮𝟱 Last month, our portfolio delivered 2.44% while $SPX500 gained 3.65%. YTD we are beating index by 25%. With this result, my task is becoming more tilted towards defending gains, rather than achieving new alpha. From this perspective, moving to lower-volatility assets is also justified. I believe it is also wise due to an overheated market point of view. And then again, I am not saying that the new alpha is not achievable in the near/mid term. Once the market retreats, our portfolio will benefit from a lower drawdown. And there is a chance that it will happen not long from now. 𝗠𝗮𝗿𝗸𝗲𝘁 𝘃𝗮𝗹𝘂𝗮𝘁𝗶𝗼𝗻 S&P is currently trading at ATH. From a relative valuation point of view, Shiller PE surpassed 39 for the second time in stock market history. Market Cap to the US GNP (Buffett indicator) is currently trading at a historical high of 2.2. 𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿 𝘁𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀 ➖ Partial disposal of SBH and GOOG to trim positions and fix gains. ➖ Sale of BWA to fix gains as part of general portfolio de-risking. ➕ Used proceeds to add iShares 1-3 Year Treasury Bond ETF. ➕ Added more NVO shares at 56. 🧯 𝙎𝙩𝙧𝙚𝙨𝙨 𝙩𝙚𝙨𝙩 Currently, if the market collapses by 50%, my public portfolio will lose 33%. I am on track to bring the expected drawdown to 25-30% while the market keeps going up. We will achieve this by tilting the portfolio towards bonds/cash/low vol stocks. 🚀 𝗛𝗼𝗹𝗱𝗶𝗻𝗴𝘀 𝗮𝘀 𝗼𝗳 𝟬𝟮/𝟭𝟬/𝟮𝟬𝟮𝟱: Treasury Bond ETF – 26% Novo Nordisk AS ADR – 8% Eagle Bancorp Inc – 8% Evolution AB – 7% iShares MSCI USA Min Vol Factor ETF – 7% Invmt Grade Corp Bd ETF – 7% Biogen – 6% Merchants Bancorp – 5% UnitedHealth Group – 5% Vanguard Information Technology ETF – 5% Alphabet Inc – 3% Sally Beauty Holdings Inc – 3% Lululemon Athletica Inc – 2% Cash – 8% 𝘽𝙧𝙚𝙖𝙠𝙙𝙤𝙬𝙣 𝙗𝙮 𝙨𝙚𝙘𝙩𝙤𝙧/𝙖𝙨𝙨𝙚𝙩 𝙘𝙡𝙖𝙨𝙨 Healthcare – 20% Financials – 13% Consumer Cyclical – 12% Low volatility ETF – 7% Technology – 5% Communication Services – 3% Bonds – 16% Cash and equivalents – 24% Finally, I want to share my observation in relation to the current state of social media. Be aware of confirmation bias, which is often embedded into investment-related posts. Confirmation bias is when someone has a high conviction or a position in the stock, and he/she will always find any possible and impossible assumptions to justify that this specific stock is a bargain. Their thesis can sometimes work, and sometimes not. Just be aware of this and always apply your own judgment. Only you are responsible for your investment performance. Analysts like myself are obviously here to assist, but the eventual decisions are yours. Leave a comment ⬇️ if you have any questions. With regards. AtlasCapital. $BTC $VGT (Vanguard Information Technology) $ETH $NSDQ100 _______________________________________________________ 💰 𝙈𝙮 𝙥𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤 𝙙𝙚𝙡𝙞𝙫𝙚𝙧𝙚𝙙 𝟮3% 𝙖𝙫𝙚𝙧𝙖𝙜𝙚 𝙖𝙣𝙣𝙪𝙖𝙡 𝙧𝙚𝙩𝙪𝙧𝙣 𝙨𝙞𝙣𝙘𝙚 𝟮𝟬𝟭𝟴. 📌 𝗖𝗼𝗽𝘆 𝗔𝘁𝗹𝗮𝘀𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝘁𝗼𝗱𝗮𝘆 𝘁𝗼 𝗯𝗲𝗻𝗲𝗳𝗶𝘁 𝗳𝗿𝗼𝗺 𝗳𝘂𝗻𝗱𝗮𝗺𝗲𝗻𝘁𝗮𝗹𝘀-𝗯𝗮𝘀𝗲𝗱 𝗱𝘆𝗻𝗮𝗺𝗶𝗰 𝗮𝘀𝘀𝗲𝘁 𝗮𝗹𝗹𝗼𝗰𝗮𝘁𝗶𝗼𝗻. etoro.tw/3AsaBiH ✅ 💼 𝗟𝗲𝘁 𝘁𝗵𝗲 𝗲𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗲𝗱 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗺𝗮𝗻𝗮𝗴𝗲𝗿 𝗵𝗮𝗻𝗱𝗹𝗲 𝘁𝗵𝗲 𝘄𝗼𝗿𝗸, 𝘄𝗵𝗶𝗹𝘀𝘁 𝘆𝗼𝘂 𝗲𝗻𝗷𝗼𝘆 𝗹𝗶𝗳𝗲. *Past performance does not guarantee future results

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