Dear Followers, Dear Copiers,
May brought a welcome change of pace as markets began to stabilize following the turbulence of previous months. Much of that earlier volatility had been driven by uncertainty surrounding tariff policy in the United States, and it now seems that tensions have eased — a shift that markets responded to with optimism.
As a result, the portfolio gained 5.4% in May, finally pushing the overall performance for 2025 into positive territory.
With prices generally rising throughout the month, my focus — in line with my long-term strategy — was on evaluating existing long positions for potential exits. On May 2nd, I closed the $ADSK (Autodesk, Inc.) position with a gain of 11.45%, a position that had only been opened in March. A few days later, on May 8th, I exited $META (Meta Platforms Inc) with a gain of over 17%.
As always, questions come to mind: Should I have held the positions longer? Should I have opened them in larger size? But the answer remains consistent — with hindsight, everything is obvious. At the time of opening these positions, the environment was one of high uncertainty, and it made sense to keep a portion of the portfolio in cash in case the downturn deepened. Similarly, when it came time to close those positions, the future remained unclear, and locking in profit was a sound decision given the information available.
Looking ahead, I hope that the current upward trend continues, which could open the door for more profit-taking opportunities. The position closest to that point right now is in $ADBE. On the other hand, after a strong month, some form of correction is more likely — but that’s no cause for concern. Corrections simply offer the next round of buying opportunities at better prices.
Thank you all for following along, and I wish each of you a pleasant and peaceful start to the summer.
Best regards,
Libor Vasa... Show More
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Sun Jan 25 2026 04:59:36 GMT+0000 (Coordinated Universal Time)
