AscendEquity @AscendEquity: "Dear Investors, In a quick move..."

Portugal

Edited

Dear Investors, In a quick move on July 23rd, I made a change to our portfolio to make it safer, as I saw the stock market scenario as likely to undergo a correction soon - and this actually happened yesterday and today, and everything indicates that this trend will continue. We exited the most volatile assets subject to falls, especially $SMH, and distributed the "risk" allocation to AMLP (linked to $OIL and gas infrastructure) and $GDX (gold miners - a good safe haven asset when the economy is shaking). The remaining allocation was in investment grade bonds, senior bonds and dollars index - all very safe assets. The new portfolio can be seen in the image below. We will remain in this more defensive position until the January rebalance, and then we will reassess whether we can expose ourselves to more risk or not. Until then, rest assured that there will be no volatility, as the impact on our portfolio will be residual. Thank you for your trust, Bernardo $SPX500 $GER40

5 Mentioned

SMH

VanEck Vectors Semiconductor ETF

OIL

GDX

VanEck Vectors Gold Miners ETF

SPX500

GER40