Dear Copiers and Followers,
For the month February '24 we have just updated the portfolio. Rotating those shares that are no longer Outperform with new ones that have become Outperform and making other changes when necessary.
This month $NVS (Novartis ADR) (Novartis ADR) and $COP.DE (CompuGroup Medical SE) (ComputerGroup Medical SE) have become Neutral and have been replaced.
They are replaced with $NVDA (NVIDIA Corporation) (NVIDIA Corporation) and $META (Meta Platforms Inc) which are Outperform.
Given that Momentum remains positive we also have a tilt towards higher beta shares.
Great to notice that every single year that we have been active has been a positive result for the year. Green candles for 2021, the very difficult year 2022, 2023 and now 2024 (although only just started).
The year ahead will again have a lot of movings pieces. From geo-policital tension, expected interest rate reduction in the US followed by Europe, elections in the US. The BRICS block becoming more prevalent.
Building a portfolio that can handle all market conditions and remains flexible is key.
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