Here’s my monthly update:
The US presidential elecetion is a few days and Europe is going back into lock down.
In my Swedish portfolio I’ve added a bit to AQ Group AB and Hufvudstaden AB. My silver futures were sold but I’ve probably buy them back if silver dips down in price within 1-2 weeks.
Foreign portfolio: I’ve added to my Bitcoin XBT and I’ve started a position in Prosus NV. Prosus is the is the international internet assets division of Naspers. Their main asset is Tencent. I’m still bullish on Chinese markets and already own Tencent through my pension portfolios.
My trading account had some losing trades which I cut loose. They were positivte at first but then got stopped out.
I’ve reached 3% of my long term target of 1 000 000 USD.
Best interesting links this month:
- 4-7% stop loss
- Take more partial profits when trading, 10-20% is good enough even if targets are higher.
Plan for November
- Wait for election.
- I’m still reading Extraordinary Popular Delusions and the Madness of Crowds
Available for free at https://www.gutenberg.org/
- Summary of Berkshire letters (see July monthly update)
Good luck and trade safe!