Massimiliano Spallanzani
Italy
2m
๐ŸŽ‰ New Year Portfolio Update Hello everyone, First of all, Iโ€™d like to wish you all a Happy New Year. I hope 2026 starts on the right foot for you and your families. I also want to sincerely thank all my copiers and followers for the trust you place in me. Your support is never taken for granted, and itโ€™s a key part of the responsibility I feel when managing this portfolio. We closed 2025 with a return of around +21%, a result that reflects a disciplined approach, careful risk management, and a focus on long-term value rather than short-term speculation. It has been a solid year, achieved without excessive turnover and while maintaining a prudent balance between exposure and liquidity. As we enter a new year, we are ready for a new challenge. The goal remains clear: try to maintain similar growth levels over time by selectively entering new positions when risk-reward is attractive, while holding and managing our core strategic investments. Markets will continue to offer opportunities, but also moments of uncertainty. As always, patience, discipline, and flexibility will guide my decisions. Thank you again for being part of this journey. Letโ€™s build the next year step by step. Happy investing!
null
.