Very quick update for followers.
The past week the portfolio has dropped off around 3% for various and unrelated reasons. Exchange rate against the USD for Euros, British banks had a sell off because of rumours of a windfall tax on them, and a general cooling off for some stocks that had has recent rapid gains. I can understand this is unfortunate if you have only just started to copy, but this kind of weekly swing is very normal, I do invest to minimise drawdowns, but to go further would cut potential for gains. The nature of my portfolio is to be a little contrarian so to see it not following the overall market is to be expected.
OK with that out of the way, we do look to be moving into more volatility, this week could be very interesting I feel, there seems more movement happening on little news and rumours. The US market seems to not be able to push any higher and is getting jittery about economic data. Possibly big news is rumoured for the US later today which is driving down the pre-market. I have a small position on $UVXY (ProShares Ultra VIX Short-Term Futures ETF) but I really should have bought more, I'll be looking to sell out of this later today.
All the best everyone and hold firm if your financial circumstances allow, investment is risky, this is not financial advice, etc, etc.... Show More
Weekly swings are part of the game what counts is the long-term view. Discipline and patience through volatility are what keep a strategy on track and turn drawdowns into future gains.... Show More
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Wed Nov 12 2025 05:55:42 GMT+0000 (Coordinated Universal Time)
