Update 29/01/2026
Dear investors,
I wanted to publish an extra update because today the market is down -2.71% ( $NSDQ100 at the moment of writing), and our portfolio is following with a -2.46%.
I'm not here to offend your intelligence and say the usual "this is a great opportunity, you should be happy". I'm here to share my view and explain how I'm approaching this current market situation.
Today many big tech stocks are moving sharply after the earnings reports.
One thing that the market seems to be particularly focused on, is how much companies are spending on artificial intelligence (AI) and whether these investments will turn into profits soon. We talked in another post about the possibility that the market was going to punish companies that have long-term prospects, but don't make money now.
This is hitting our top holdings hard:
$MSFT (Microsoft)
Microsoft reported strong revenue and profit, but investors are worried about how much it is spending on AI. In addition to that, cloud growth is slowing. The result is a -12.83% at the moment.
$NOW (ServiceNow Inc)
ServiceNow had a great quarter, beating expectations on sales and profit, and forecasting good future growth. Despite this, the stock is down a staggering -13.05%, apparently because investors are nervous about software sector performance and big acquisitions (at least according to Bloomberg, this is not a concern I personally share).
This is obviously not what we like to see.
However, I strongly believe we were positioned in a good way for this scenario.
First, we deployed another 13% of our cash to buy quality companies at much lower prices.
Second, the stocks that are falling the most in our portfolio all reported strong earnings and solid future prospects, which matters when we look beyond one single day and focus on the long term.
Finally, we still hold 35% in cash, ready to be used if more opportunities appear.
This is my personal analysis. It is not meant to reassure you so that you stay invested. I believe that being honest and transparent is the best approach. The final decision is, as always, yours.
Thanks for reading, and good luck!... Show More
Hello, I have a question: why do you often close some position of a company and the same day you open another position of that exact stock? Like today with NOW? I have seen this doing other investors too and I still don’t understand... Show More
1 reply
.
We use our own and third-party cookies on our websites to enhance your experience, analyze traffic, and for security and marketing. For more info, see our Cookie Policy or go to Manage Settings.
Privacy Preference Center
When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. The information does not usually directly identify you, but it can give you a more personalized web experience. Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change our default settings. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer.
More information
Manage Consent Preferences
Strictly Necessary Cookies
Always Active
These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. These cookies do not store any personally identifiable information.
Performance Cookies
These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance.
Functional Cookies
These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly.
Targeting Cookies
These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising.
Cookie List
label
ConsentLeg.Interest
label
label
label
Sun Apr 19 2026 04:50:27 GMT+0000 (Coordinated Universal Time)
