Gavin O'Luanaigh @GEMOLFund: "Dear Fellow Investors, I hope you..."

United Kingdom

Dear Fellow Investors, I hope you have had a great month and despite a drop in the Nasdaq and S&P we managed to still record a green month growing our fund. We have been trading slightly higher so far and are looking to close out the year positively. We are currently 10 months in the positive out of the last 11 so pretty happy with how the portfolio is performing. November Summary November +0.24% YTD +28.93% 2 Yr Return +73.63% All Time Return +246.91% Risk Level 3 November Total Trades 9 Successful Trades 100% Annualised Return 27.22% Dividend Yield 2.19% Total Cash 51% All stats are taken from bullaware.com/etoro/GEMOLFund for open and transparent viewing. We closed a number of our positions this month including some of our US tech $AMZN (Amazon.com Inc), $MSFT (Microsoft) and $NVDA (NVIDIA Corporation) and older positions. We are sitting on 51% cash at the moment as we are hedging against a pull back that I feel could happen at any time. Selected Top Gainers in November Southwest Airlines +14.88% Persimmon +10.58% Volkswagen +8.75% Petrobras +7.73% This month we dropped with a sharp pullback in the tech sector however managed to finish in the green with some good recovery from the Oil and UK Housing markets. Worst Losers Pinterest -21.09% Ashmore -13.46% SEA Ltd -11.03% Paypal -9.5% Uber -9.28% So with the Nasdaq dropping 2.45% a large number of tech stocks were down heavily during the month. We also saw a drop in the Crypto sector. This month despite increasing our cash we are still trading and we bought a number of new companies, including $META (Meta Platforms Inc) and some small trades in Crypto $BTC , $ETH and $ADA. December will see us earn large dividends from Investec, Shell, BP, Ashmore and Diageo. The UK housing market received a boost at the end of the month when it looked like Banks red tape may be eased to allow more borrowing. Current high yielding Dividend Stocks we have are as follows... Ashmore 10.36% PBR 10.07% Taylor Wimpey 9.17% Legal and General 8.71% BME 7.81% Investec 6.89% Our dividend yield is currently around 2.2% despite having 51% in cash. Of course with $ETOR (eToro Group LTD) our cash is earning interest every month so this is a good place to hold cash, if worried about a market drop, and can easily be deployed. We will look to add a number of Dividend stocks in the new year. US stock markets experienced a general decline this month, despite a late-month rally driven by hopes of a potential interest rate cut in December. All three major stock indexes closed November 2025 with negative monthly returns: the Nasdaq Composite was down 2.45%, the S&P 500 fell 1.01%, and the Dow Jones Industrial Average slid 0.57%. We did however see a rally in the final days of the month, US markets closed higher for four consecutive days. This was fueled by investor optimism following statements from Federal Reserve officials suggesting a December interest rate cut was increasingly likely. There are obviously so many commentators at the moment either talking down or up the economy. Just like the polarisation of politics, we are seeing a number of videos designed to create clicks and likes. I think the economy although heading into overbought territory can still grind higher for a while, and we will continue to pick up stocks we think that are under valued. Not to say we still have a large amount of cash to redeploy in case of a drawback. Any questions as normal please do not hesitate to contact me and that's all for this month and I will update again at the end of the year. Take Care, Gavin @GEMOLFund