Performance

[SteveRutter]

Mine is down too, taken to not looking and relying on something cropping up here to act as a signal on when things are on the up.

[Jason Knowles]

Not been alot of up for me of late.

[Steve H]

Not been a good week for chipmakers I think. If you have the same strong tech bias as me you will have had better weeks for sure.

[bogie]

Some of the holdings in PHT have had a big drop this month e.g. Oracle is down over 30%. Others are down from their recent peaks. Overall PHT is doing well considering the Oracle drop. My PHT looks about 10% down from ATH.

[Adam Kay]

The tech portfolio by its nature is more volatile than others we offer. As Bogie mentioned 10% odd off of its all time high. We have seen this many many times before and we will continue to experience periods of volatility. Whenever new highs are reached you always find a proliferation of media, social media/vested interest 'opinions' resurface to influence prices. The businesses we hold are sound, are executing at an elite operational level and earning record profits. That is what matters long term. The day to day whilst irritating(often) are part of investing.

[n5tew]

Thanks @Adam-Kay, as you say the investment journey would be uneventful if there wasn’t volatility along the way. Patience is key, but ultimately the quality is there and its time in the market!

[Cappo]

Just thought I’d check in and see what’s going on currently. Taking recent withdrawals into account, and a small move to cash, my pot nevertheless seems to be on a not-insignificant downward trajectory just now. Any thoughts on that? Play the long game, etc etc, I know of course, but just seems to have taken a bit of a hit recently?

[Adam Kay]

Hi Cappo, this thread is a good historical record of the reasons/logic behind the shifts over time. Recently it’s FUD. Google reported fantastic results, mentioned. Apex and the stock fell. You will be a significant move up today based on yesterday. Volatility in play but fundamentals/earnings/growth all rock solid. Apple fell a bit after reporting-imo that was bound to happen. The stock was at a very recent ATH. Klac unloved the past 2 weeks despite record results.
Amazon just reported a monster last night and popped, msft the same the prior day. Meta incurred a one time 2.1b legal settlement, operations beat. Not our first rodeo.

[Cappo]

Thanks Adam, insights and updates always appreciated!

[Adam Kay]

You can choose any number of reasons why occasionally markets ‘lose their mind’, like sk Hynix trading at a 5 pe, reporting 557% growth and the headline is ‘they missed’. The only ‘miss’ was the opportunity. When a business grows at 557% you don’t get to say they missed anything when you’re valuing it at virtually nothing. A peg of .01.