August 2025: 20% YTD

 

The stock market went crazy over Powell's speech at Jackson Hole even though he didn't actually say much. One wonders if it is a case of confirmation bias if everything he says is interpreted as pointing to a rate cut.

My YTD return has now hit 20%, handily outperforming the S&P500. 20% on a 7-figure portfolio is a pretty tidy sum and I have no complaints. Others may have higher returns but its not a competition so let's all Huat together!

I don't know when the next correction is coming but I will continue to DCA ETFs and do a little stock picking. 

Exited INTC @ 25.00 and also TEF

 

 

I mentioned in a previous post that I was practising trading and one of my test counters was Intel. In round 1 I exited at $26.10 then after it crashed below $20 I bought a 2nd round and now after many ups and downs, I managed to exit at $25.00

https://buyaftercrash.blogspot.com/2025/03/market-rally-is-good-time-to-tidy-up-by.html

It is goes below $20 again, I will buy again. If it keeps on going up  (like ETHA is doing now), no regrets since the objective of trading is suppose to be to realise profits.... 

Separately, I sold some some more Telefonica since it has been hitting a 52-week high. I have one more batch of Telefonica to see then I will have exited it fully.

NVO bleeding, but overall portfolio staying afloat

 

I have about 1,000 NVO shares (including recent averaging down trades) so the current price means I am suffering losses on this counter. On the bright side, the winners are helping to cushion the impact of the losers so my portfolio is still afloat and outperforming the S&P500 YTD. 

I plan to hold onto NVO for the long term and maybe DCA a little bit each month. In terms of position sizing, I will cap it at US$100k.