๐ฆ๐ฒ๐ฝ๐๐ฒ๐บ๐ฏ๐ฒ๐ฟ ๐ฎ๐ป๐ฑ ๐ค๐ฏ ๐ช๐ฟ๐ฎ๐ฝ-๐จ๐ฝ: ๐ข๐๐ฟ ๐ฆ๐๐ฟ๐ฎ๐๐ฒ๐ด๐ ๐๐ฒ๐น๐ถ๐๐ฒ๐ฟ๐ฒ๐ฑ
Hi everyone,
I'm pleased to report we had a very successful end to the third quarter. We finished September up +4.5%, bringing our total return for the year to an excellent +21%.
The big story this month was the U.S. Federal Reserve cutting interest rates, a move that our strategy was built for. Our largest conviction is a major bet on this falling-rate environment, which is why the portfolio is heavily invested in long-duration government bonds ($TLT, $TMF (Direxion Daily 20 Year Plus Treasury Bull 3x Shares)). These assets are designed to perform well in this exact scenario, and they were the primary driver of our September gains.
Our success this year has been built on a much broader foundation. The 21% year-to-date return comes from the collective performance of many carefully sized investments across different themesโfrom a recovery in Chinese markets (KWEB) and precious metals (GLD) to technology stocks with strong momentum.
Looking ahead, managing risk is just as important as seeking growth. We continue to hold a direct hedge (like $SQQQ (ProShares UltraPro Short QQQ)) to act as an insurance policy for our gains. As the portfolio has grown, this hedge has been adjusted to ensure our profits are appropriately protected heading into the final quarter. And finally, our large cash position is our strategic reserve, giving us the 'dry powder' to act decisively when new buying opportunities arise.
I am confident in our approach for the months ahead. Thank you for your trust.... Show More
the truth of the matter is that the long american bond has been going up ( the yield ) so far this year. And there is a lot of general wisdom about interest rates going down for the 6 months, 1 year, 2years bonds, at the same time that the 20, 30 year bond yields tend to go up... Show More
Excellent results, letโs hope the next quarter keeps the good streak going.... Show More
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Wed Dec 10 2025 12:07:07 GMT+0000 (Coordinated Universal Time)
