Zoom the hell out! Portfolio update.
Zooming out on cyclical sectors. The changes I've made since talking to my mentor and other experienced Geologists. Plus I've added a junior explorer I'm excited about.
It’s almost 6 months since my last comprehensive portfolio review which was one of the first articles I wrote for this publication. You can read that here.
Everybody wants to get rich quickly. When investing in cyclical sectors, you are better off forgetting your password for a few years.
No matter how many times you tell people to zoom out on cyclical sector charts they obsess over short-term noise. Most people can’t stomach the ride to make meaningful returns.
“Markets can remain irrational longer than you can remain solvent” - John Maynard Keynes.
This is evident from the emotional basket cases who post on Twitter/X.
I could torch a few of them on here and give you a long list of people to avoid, but it ain’t worth it. The approach I take to make sure these people don’t influence any of my thinking is to;
don’t follow.
hide posts like this option.
less time on the platform.
Number 3 would be easy for me if I wasn’t so interested in what’s happening in Argentina (where I live).
Below is a review of the cyclical sectors I’m invested in and the changes I’ve made to both of my portfolios (my trading and long-term portfolios).
I’ve added one junior explorer which I’m very excited about as an Exploration Geologist and want to highlight why.
I also summarise what I’m thinking after talking to my mentor and some very experienced Geologists lately.