Nabil Sifo @NabilSifo: "𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐖𝐞𝐞𝐤𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞: 𝐒𝐦𝐚𝐥𝐥 𝐌𝐨𝐯𝐞𝐬..."

Germany

Edited

𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐖𝐞𝐞𝐤𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞: 𝐒𝐦𝐚𝐥𝐥 𝐌𝐨𝐯𝐞𝐬 𝐢𝐧 𝐚 𝐁𝐢𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐨𝐫𝐦 Dear copiers and followers, Last week was very volatile, and our portfolio saw a pullback, making November the second worst month of 2025. The market is still driven by fear, but this slowdown after the big AI rally is not all bad, it gives company fundamentals time to catch up with stock prices and makes investors think twice about weaker businesses. I thought the reopening of US Government would bring more optimism, but the market is still holding back. Technology stocks remain under pressure with worries about high valuations and the new old talk about an AI bubble. Liquidity stress added to the fear, causing sharp moves, especially in small/mid cap stocks. 𝐒𝐨 𝐰𝐡𝐲 𝐝𝐢𝐯𝐞𝐫𝐬𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐢𝐧𝐭𝐨 𝐡𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐝𝐢𝐝𝐧’𝐭 𝐬𝐚𝐯𝐞 𝐮𝐬 𝐭𝐡𝐢𝐬 𝐭𝐢𝐦𝐞? Our portfolio was prepared for a correction in technology, which is why we hold health insurance stocks. Normally, this sector is less correlated with tech. But in November, that hypotheses did not hold. The reopening of the U.S. government did not extend Affordable Care Act (ACA) subsidies. This created uncertainty for health insurers like $UNH (UnitedHealth) and $OSCR (Oscar Health Inc) , and both stocks dropped. 𝐀𝐟𝐟𝐨𝐫𝐝𝐚𝐛𝐥𝐞 𝐂𝐚𝐫𝐞 𝐀𝐜𝐭: ACA are governmental subsidies that lower the monthly cost of insurance by paying insurers directly. The Trump administration’s idea is to stop paying insurers and instead give that money straight to people as cash. The risk is that while this sounds flexible, it could make ACA insurance plans more expensive and less stable. In other words, there are many people with low income that will lose their Health insurance! Less customers for health insurance companies. This put the health insurance stocks on pressure for the short term. For this reason, I reduced our $UNH position. 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐋𝐨𝐨𝐤𝐢𝐧𝐠 𝐅𝐨𝐫𝐰𝐚𝐫𝐝 I continue moving cash into hyper growth stocks in small steps. In my opinion, the discounted price tags for $HIMS (Hims & Hers Health Inc) and $LFMD (LifeMD Inc) make a great opportunity to buy in. Still, I am moving slowly and carefully in case volatility continues. In addition, there were some rebalancing of $NBIS (Nebius Group NV) stock as I exit some positions in the previous weeks and reinter at lower price. If sentiment changes, these stocks should return to reasonable Prices, and I believe our portfolio will recover quickly. The most important thing right now is to stay invested, do not give in to panic or try to get out of the market. No one can predict if the market is bottomed or not, but leaving now risks missing the recovery. 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐂𝐡𝐚𝐧𝐠𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐋𝐚𝐬𝐭 𝐖𝐞𝐞𝐤 I carried some steps to take advantage of this volatility and position our portfolio for the next market recovery. There were many moves in the portfolio, but all are small moves. I am moving carefully in this time and I am not closing positions on loss. 𝟏. 𝐑𝐞𝐝𝐮𝐜𝐞𝐝 𝐏𝐨𝐬𝐢𝐭𝐢𝐨𝐧 I closed three positions in $UNH all of them in profit. This allowed me to secure gains and free up funds for new opportunities. 𝟐.𝐀𝐝𝐝𝐞𝐝 𝐏𝐨𝐬𝐢𝐭𝐢𝐨𝐧𝐬 I moved funds into growth stocks and added positions in $HIMS $NBIS and $LFMD . All three are trading at good valuations, though I believe Hims and LifeMD are especially attractive at current levels. 𝟑.𝐍𝐞𝐰 𝐏𝐨𝐬𝐢𝐭𝐢𝐨𝐧 Lastly, we started a small, long term holding in $ETOR (eToro Group LTD) . I believe eToro is taking great steps to become the social media of investing and to dominate this space. Best regards, Nabil Sifo I am a professional risk modeler and an Associate Member at the Chartered Institute for Securities & Investment (CISI), London. All posts reflect my personal opinions only and do not constitute, nor should they be interpreted as, financial advice or a recommendation to buy or sell any securities. Risk Warnings: Copy Trading does not amount to investment advice | Your capital is at risk | Past performance is not indicative of future results. $SPX500 $NSDQ100 $BTC