Hi everyone,
The portfolio is slowly ticking forward, and we are in a great, flexible spot. The market has been on a wild run lately, especially in tech and AI, but it still feels like a lot of the rally is being propped up. Valuations are high and some metrics haven't been this stretched since the dot-com era, which makes it hard to ignore the risk that prices aren't fully supported by fundamentals.
The Fed's recent rate cuts have added fuel, signaling support for the economy, but they also reflect concerns about slower growth and persistent inflation. The market has responded positively, but there's a cautious undertone as investors watch for any signs of strain.
Overall, sentiment is a mix of optimism and caution. My current approach is to be highly selective and focus on areas that still have clear upside, rather than chasing broad momentum in an otherwise elevated market.
I’ve reflected my caution with a 53% equity and 47% bond allocation. This could change quickly depending on how the market moves from here. The equity portion still has a strong concentration in growth stocks, so I’m not concerned if the market stays elevated, as this would actually work in our favor. On the downside, the portfolio is structured to be significantly less painful if we see a major correction in the stock market.
Speaking of growth stocks, Roku has been making headlines with its recent achievements. Streaming on Roku-powered devices accounted for 21.4% of all U.S. TV viewing time, surpassing broadcast TV's 18.4% share for the third consecutive month.
Additionally, Roku has expanded its free ad-supported streaming television lineup by adding 10 new live channels, bringing the total offerings to more than 570 options. This move caters to viewers seeking diverse content without subscriptions, logins, or extra fees.
Furthermore, Roku launched a new ad-free streaming service called Howdy, priced at $2.99 per month. This service offers a budget-friendly alternative to traditional streaming platforms, providing access to a wide array of on-demand films and series from major studios like Lionsgate and Warner Bros., alongside Roku Originals.
$ROKU (Roku Inc) is still my largest stock position. It hasn’t seen the same bullish momentum as $U (Unity Software Inc.) yet, but that’s likely just a matter of time. And as always, there’s potential for Roku to be acquired as long as it trades below $100.
I’ve also been building up a position in $UBI.PA (Ubisoft Entertainment SA) as the stock looks fairly distressed and offers value. This isn’t strictly a long-term position and I’ll trade it as long as it continues to fluctuate around current levels.
I will remain selective across the portfolio, focusing on areas with clear upside while keeping risk well-managed in a market that’s elevated overall.
As always, thank you for copying!... Show More
Vi invito a dare un'occhiata al mio profilo, un cordiale saluto, GV... Show More Translate
.
We use our own and third-party cookies on our websites to enhance your experience, analyze traffic, and for security and marketing. For more info, see our Cookie Policy or go to Manage Settings.
Privacy Preference Center
When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. The information does not usually directly identify you, but it can give you a more personalized web experience. Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change our default settings. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer.
More information
Manage Consent Preferences
Strictly Necessary Cookies
Always Active
These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. These cookies do not store any personally identifiable information.
Performance Cookies
These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance.
Functional Cookies
These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly.
Targeting Cookies
These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising.
Cookie List
label
ConsentLeg.Interest
label
label
label
Fri Nov 07 2025 13:23:10 GMT+0000 (Coordinated Universal Time)
