Clarification on the Hong Kong Trade
Following today’s update of The Multi-Asset Investor, “Boring Is Beautiful”, this information may be useful when trading.
TMAI
A diversified portfolio service that blends traditional bonds and equities with alternative assets such as gold, commodities, and digital assets
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Boring Is Beautiful
The NASDAQ team, namely NVIDIA, Apple, Microsoft, etc., has reached 55% of the US cap. There can be no doubt that this is a major bubble.
Money Back to Work
We are awash with cash, and I need to put it back to work. As a value seeker, there is plenty to do that is detached from the bubbles and manias.
Gold, TIPS, and Linkers
Since 2022, the price of gold has soared, and thankfully, we have held it. Prior to that, gold had sat comfortably in a regime whereby the price mirrored real interest rates.
Flash Note
Risk Reduction
Friday’s Shakeup and Taking Profits
A lot has happened this week with President Trump threatening to hike tariffs on China. It has led me to reduce risks in the portfolio, to take the edge off, and lock in some profits.