Harpinder Kang @HarpinderKang: "𝙀𝙣𝙙 𝙤𝙛 𝙈𝙤𝙣𝙩𝙝 𝙋𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤 𝙐𝙥𝙙𝙖𝙩𝙚:..."

United Kingdom

𝙀𝙣𝙙 𝙤𝙛 𝙈𝙤𝙣𝙩𝙝 𝙋𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤 𝙐𝙥𝙙𝙖𝙩𝙚: 𝙈𝙖𝙧𝙘𝙝 Portfolio Performance: -2.83% (current) for the month, outperforming during a broadly negative period where the $NSDQ100 fell -6.48% (current) and the $SPX500 declined -6.34% (current). 𝙈𝙖𝙧𝙠𝙚𝙩 𝙊𝙫𝙚𝙧𝙫𝙞𝙚𝙬 March proved to be another extremely difficult month for the markets. The SAAS bloodbath that began in Feb extended deeply into March, driven by persistent fears that AI disruption is structurally threatening traditional SAAS business models. This tech selloff was further exacerbated by the massive geopolitical shock of escalating US Iran war headlines, which triggered widespread risk off behavior and a flight to safety across all indices. 𝙋𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤 𝙈𝙤𝙫𝙚𝙨 My concentrated positions in high-beta tech and SaaS names continued to be a significant drag this month. Core holdings like $CRM (Salesforce Inc), $MSFT (Microsoft), and $SPGI (S&P Global Inc) took hits in the broader sector selloff. My short $NSDQ100 and short $SMH (VanEck Vectors Semiconductor ETF) positions provided some necessary hedging, but not enough to fully offset the concentrated long exposure in software. Because I still have plenty of cash on the sidelines, I am treating this SaaS and tech panic as a buying opportunity. I have begun deploying capital into high-quality names that are being unfairly dragged down. Specifically, I'm focusing on cybersecurity and Microsoft, adding exposure there via $CIBR (First Trust NASDAQ Cybersecurity ETF), as well as slowly accumulating more $AMZN (Amazon.com Inc) and $MSFT at these discounted levels. 𝙁𝙞𝙣𝙖𝙡 𝙏𝙝𝙤𝙪𝙜𝙝𝙩𝙨 March tested the conviction, heavily punishing the growth and tech sectors where my portfolio is concentrated. Despite the drawdown, my core thesis remains completely intact. The positions currently dragging the portfolio are longer duration growth companies that I firmly believe are being mispriced by a market driven by AI panic and short-term geopolitical fear. I will continue holding these names and selectively buying the dip on extreme weakness. Technically, I still believe the SPX500 will eventually find its footing and head toward my 7,200–7,400 target once the market digests the current US-Iran headlines and the Fed's next moves. I am keeping powder dry to capitalize on any aggressive panic selling in the coming weeks. Thanks for reading! Happy to answer any questions below.

Not investment advice. The author may have financial interests in the mentioned instruments.