eekly trade report: Week 38
Last week, we successfully closed a couple of trades! Among them, some were closed and then reopened. This strategic approach aims to reduce the number of smaller trades in our portfolio, allowing us to focus on larger, more profitable ones that can be easily copied with smaller amounts. Nevertheless we managed to secure some profit and increase our cash balance to protect ourselfs.
Our recent trades in the past week didn't yield significant profits due to the prevailing downward trend in the market. However, we did manage to preserve some cash, currently holding approximately 4% in cash reserves. I plan to deploy this cash strategically when I believe the market has reached its lowest point and is poised for a turnaround.
Considering the relatively subdued market conditions this week, we may not execute many additional trades. Instead, I intend to maintain a conservative approach, holding onto some cash to enhance the liquidity of our portfolio.
I am optimistic that we will witness a market shift in the coming month. My hope is for a rally in the final two or three months of the year. Nevertheless, even if this scenario does not materialize (which I consider highly unlikely), we can still count on a steady stream of dividends. Many of our investments pay dividends on a monthly, quarterly, and annual basis, which will contribute to our cash flow in the upcoming months.
Regarding $VPK.NV (Koninklijke Vopak NV) I've decided against opening a new position at this time. I believe it may take a considerable amount of time before we can realize a substantial profit. Instead, I prefer to allocate our available funds to more promising assets. Nonetheless, I remain confident that VPK.NV will experience growth over the next 12 months.
In addition, we have injected additional funds into $INTC (Intel) recognizing its strength as a company with substantial growth potential. I will actively consider increasing our position in INTC in the months ahead.
$BTC halving is comming next year. Anyone interested in buyinf crypto before this might blow up the market?
Interested in copying?
My portfolio is mainly based on receiving dividend payments weekly. If you are interested in joining this investment journey to financial independence, I recommend to follow and/or copy. I’m excited to help you achieve your goals and grow our money together. Read my pinned post before you make a decision!
Kind regards,
Kenny... Show More
