Dear investors,
Happy New Year – 2026 has certainly started with a lot going on.
We’ve already seen a number of geopolitical and macro events this year: tensions involving Venezuela and Iran, a criminal case opened against the Fed Chair that briefly brought impartiality into question (and was quickly rebuked by several former Fed Chairs and economists), and a newly announced 10% cap on credit card fees. The latter would most directly impact names such as $AXP (American Express CO), though the wider financial and banking sector could also feel a degree of slowdown as a result.
Markets have reacted accordingly. Initially, markets trended higher, but yesterday and today my portfolio has pulled back slightly from the highs, mainly due to pressure on banking stocks. Interestingly, a later rally brought back the majority of those losses last night.
Looking ahead, this feels like a sensible time for caution. We are still positive for the year, and trimming banking exposure while increasing cash holdings from current levels (around 10%) would be a prudent step. That said, timing remains difficult – selling into a falling market often means exiting positions at less favourable prices.
As a result, I’ll be tactically trimming positions and closely monitoring developments as we move through what is shaping up to be a very busy 2026.
Thanks,
TJ
Copy Trading is not investment advice | Capital at risk | Past performance does not guarantee future results.... Show More
I really think there’s something not quite right about his late night social media comments. I think things like this should be announced during so-called office hours. In Britain there would be an announcement in Parliament. I’m assuming the rest of the world has something similar.
On a separate note,... Show More
Happy New year Dear TJ ! Thanks for the explainations. 2026 is starting already very challenging with the macro events. Do you think Tech will keep overperforming this year again or will deversify in other sectors the portfolio ?... Show More
Congratulations for your 2025 @thomaspj !
What do you think about the Rusell2000 breaking out? Will you consider to rotate part of your portfolio to riskier assets?... Show More
Hi Thomas
First I believe you do a great job - thanks. Is it still best to transfer money wednesday around noon if I want to increase my stake copying you? Money is available now. ... Show More
Hi @thomaspj
With $RR.L (Rolls-Royce) , the turnaround under Tufan Erginbilgic has been nothing short of masterly, especially swinging from massive debt to a £1.1bn net cash position.
However, I’m personally finding it difficult to be overly bullish at these current levels. With the stock trading... Show More
Hi Thomas, when adding new funds to my existing copy of you, is there a minimum amount I need to add if I were to do this on a monthly basis?... Show More
Cheers for the update, @thomaspj . Any thought on US vs EU/UK/'rest of the world' stocks in regards to the future of this Portfolio? Many of us Europeans are understandably worried about the direction the US is taking and its financial sustainability. Also clearly reflected in the past few months'... Show More
Good discipline on the trimming. I've found the hardest part isn't identifying risk, it's executing the trim without second guessing when markets bounce (like last night). Do you use predetermined levels or discretionary judgment?... Show More
Happy New Year 2026 Thomas P.J.!! All my best wishes for this new year that is starting, big hug and thank you for all what you do, we learn a lot from you and it makes me continue grow my knowledge about stocks and investments. ... Show More
Hello, I see a difference of 1k$ between the invested amount and the amount that I deposited copying your profile, and it’s a quit sometimes.
Can I ask why that big difference which can be invested and we get extra profit. ... Show More
Con porcentaje positivo de rendimiento durante cuatro meses retiro mi dinero y tuve pérdidas cuando supuestamente el incremento fue constante… fraude... Show More Translate
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Sat Apr 18 2026 14:14:24 GMT+0000 (Coordinated Universal Time)
