Ian Lombard
United Kingdom
8m
Dear copiers and followers. On Friday 4th April I decided to 'pause' the portfolio. I did not do this out of panic, and I did not do this in an attempt to predict the bottom – it was a reasoned move based upon perceived risk. Let's take a look at my reasoning. Throughout Thursday and Friday of last week (3rd & 4th) we saw the markets drop dramatically as a result of the Liberation Day announcements. We could not at that time have predicted how this was going to play out into the following week and for the rest of the month. We still can't and, although the markets look like they may recover some of those losses today, as far as we know the markets may very well continue to fall for a long time to come. I considered that it's better to risk missing out on a 10% gain than to risk another 10% loss. Whether or not the portfolio will benefit from this move remains to be seen. Either way, to protect the hard-earned gains accumulated over the last two years, it was the right thing to do. Pros in 'pausing' the portfolio: 1. Opportunity to rebalance. 2. Potentially prevent further big losses. 3. Protect gains to date. 4. Have lots of cash for emerging opportunities. 5. Coincides with the end of the tax year. Cons in 'pausing' the portfolio: 1. Additional spread fees. 2. Potentially miss out on quick rebounds. 3. Shows significant losses in portfolio history. I will this week and throughout the rest of the month start to slowly repopulate the portfolio, and at the same time take advantage of some of the discounted prices on offer. Let's continue to build personal wealth together over time. All the best, Ian.
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