A Down Week, That Changes Nothing... | Week 11

This past week was God testing our portfolio specifically, I’m convinced. All of our positions and bitcoin were hit the hardest out of the entire stock market.

In all seriousness, last week was a bad one for everybody no matter where you were invested in. AI and software focused technology was certainly hit the hardest, alongside Bitcoin. Last week the Nasdaq fell 2.7% and the S&P 0.9%, and the Dow decided to be the hero in the index industry by gaining 1.3%. Bitcoin usually follows the Nasdaq with more volatility loosely. However, last week was certainly a bigger drop than one could’ve predicted, losing ~9% alone.

However, does choppy waves change the enthusiasm of a sailor? Hopefully not, and I haven’t lost a drop of conviction in any positions. In fact, a new position was added to the portfolio that’s already up 4.5% (un-leveraged!)since purchasing Thursday. First we’ll review how much the uncertainty risk management strategy saved the portfolio’s butt last week.