Monthly Report (January, 2021)
January (2021), first month of the first Quarter 2021 Dear Copier and Followers, a new very interesting year is beginning with probably a higher degree of volatility than the average of the last years. Our strategy is studied to take advantage of that through very volatile instruments such as TQQQ, GDXJ and one of the most volatile among the defensive assets TLT. Figure 1 shows how we were positioned by end of January. January was a consolidation month for Gold and TLT, while stocks kept rising at a moderate pace, the month ended with a -1,32% but our strategic positioning is preparing for a pool back of the market that should give us a good chance to increase again our stocks positions and gain during the rest of the Quarter. Figure 1: Portfolio structure The ETFs remain the largest component of the PortFolio, on Figure 2, you can analyze the major components of it. Figure 2: ETF structure The major component is TLT, which has been consolidating for the best part of the last