Heloise Greeff @rubymza: "📊 Portfolio Update – Volatility,..."

United Kingdom

📊 Portfolio Update – Volatility, New Positions, and Staying Disciplined Market continue to be under pressure. The S&P 500 is down around 1%, small caps are off more than 2%, and the VIX has jumped again; reflecting a fast repricing of risk. The trigger was policy whiplash. A Supreme Court ruling briefly eased tariff concerns, only for a replacement global tariff to be introduced within hours. Investors are recalibrating trade and geopolitical risk. That process is rarely smooth. Gold continues to surge. This reflects sustained geopolitical uncertainty and strong central bank demand — exactly the type of backdrop we have been positioning for. What we did today We made three deliberate additions: ‣ $IWM (Ishares Russell 2000 ETF) Small caps have been hit hardest, offering dislocation to add exposure. These companies are more domestically oriented and tend to benefit disproportionately if policy uncertainty fades. This is a contrarian entry, not a momentum trade. ‣ $TLT (iShares 20+ Year Treasury Bond ETF ) Introduced long-duration Treasury exposure. If growth slows or rate cuts return to focus, duration provides both protection and upside. ‣ $IEI (iShares 3-7 Year Treasury Bond ETF ) Intermediate-duration exposure to add stability with lower interest-rate sensitivity. What’s working Diversification is doing its job. ‣ Gold and silver remain strong contributors. ‣ $ASML.NV (ASML Holding NV) continues to benefit from structural AI capex demand. ‣ $RR.L (Rolls-Royce) remains a solid contributor amid defence and operational momentum. ‣ Mega-cap tech is down alongside the broader market. We continue to hold these as long-term structural positions. Positioning The mix of equities, precious metals, Treasuries, and cash is deliberate. It is designed for regimes where policy uncertainty rises and correlations increase. The additions today are not reactive. They are the next step in a framework we’ve been building: - Maintain exposure to structural growth (AI, semiconductors, infrastructure) - Hedge with real assets - Add duration when yields offer asymmetric upside - Preserve cash for opportunity Days like this are uncomfortable. But disciplined positioning in volatile environments is how long-term value is built. The portfolio is behaving as intended. Patience & discipline, Heloïse (23 February 2026) _________________________________________________________ *𝘊𝘢𝘱𝘪𝘵𝘢𝘭 𝘪𝘴 𝘢𝘵 𝘳𝘪𝘴𝘬 𝘢𝘯𝘥 𝘱𝘢𝘴𝘵 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦 𝘪𝘴 𝘯𝘰 𝘨𝘶𝘢𝘳𝘢𝘯𝘵𝘦𝘦 𝘰𝘧 𝘧𝘶𝘵𝘶𝘳𝘦 𝘳𝘦𝘵𝘶𝘳𝘯𝘴.

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