From +10% to 0% in 2 weeks
In the last two weeks of February, the handsome profit evaporated completely. On February 16, we were still up a nice 10%, but by the28th , itwas 0. The month of February ended with a loss of 6.56%.
We closed one position: CRM Salesforce. The profit was a meager 75 euros.
Tesla
The biggest loser was Tesla. Attempted to sell at 380, but that was not quite achieved. With the price now at 280, I expect that the bottom has been reached. The negative anti-Musk news has already been factored into the price. However, the next upturn will still result in selling.
Palantir
Purchased on January 15 at 67.80. It turned out to be a great buy. The share price exploded to 125 euros exactly one month later (February 16). But it fell back to 83 at the end of February. However, I still have a lot of confidence in this share.
General overview
I must admit that it seems unpredictable. No one can accurately assess the consequences of Trump's policies. Is it bad for Europe? Is it bad for America or global trade? No one knows, and no one knows how this will develop.
But I am still convinced that tech, AI, etc. are the future. It will definitely not be the food industry, automotive industry, etc. that will lead the way. I think we need to sit tight and wait for the next boom, however painful that may feel.
Where do I still see opportunities?
I have been looking at the European arms industry for some time now. But after the nearly 20% increase last Monday, that doesn't seem like the best idea at the moment. Finally, I am looking to see if we can still get into a bitcoin tracker. But that will be a very modest amount of max. 4% of the portfolio.
Sincerely,
Ruud Hoefnagels