Dear partners,
The past week saw the markets slowly recover as Trump walked back tariffs on China and other products. That he also expressed he had no intention to fire Fed Chair Jerome Powell also contributed to said relief.
The portfolio invested more into the ETFs of both precious metals, namely gold and silver. While I'm glad that these tariffs have been reduced, the 10% baseline still remains. I am of the opinion that, like many times before, Mr Market now expresses recency bias. Hence, our addition to these positions as they drop while stocks across the board rise.
On a sidenote, it is somewhat gratifying to see our positions in Verisign rise 8% in the past week. Having first entered in 2019, we have added to our positions in the company over time. That these investments are starting to pay off affords a silver lining in a time of turbulence.
Verisign article written in 2020:
www.linkedin.com/pulse/verisign-internets-tollgate-aaron-wee/
Alderique.
PS: Capital reserved for Q2 2025 is now at 0.20% of the portfolio's current net worth. ... Show More
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Sat Jun 14 2025 14:05:16 GMT+0000 (Coordinated Universal Time)
