Looking at the portfolio, I wonder if the Nasdaq would be a better benchmark for measuring relative performance. You could also measure your beta against the Nasdaq (to not assume a beta of 1) and check the returns beta adjusted. Finally you could consider a momentum-based hedging strategy to try to improve relative performance (buying some index puts when momentum starts to turn and letting them run off when momentum is stronger).
This next year may be rough for tech as there feels like there is a building rotation story into old-school companies (energy, healthcare, commodities, Germany in general, Brazil ) and out of tech.
I use the S&P as my personal benchmark, as this is what I would invest in if I were not an active investor. I also have significant exposure to emerging markets and regions outside the US, which is not captured by the Nasdaq.
I’m wondering if SE has the right momentum to add more for the year ahead or if I should wait until earnings. I’m already in profit but only have a small position and would like to build it up.
Very solid portfolio, Wolf! High-quality companies + growth at a reasonable price
Cheers Jimmy and Happy New Year
Got it. Yep I'll maybe aim some now and some after earnings. Thanks and happy new year 2026!!
Looking at the portfolio, I wonder if the Nasdaq would be a better benchmark for measuring relative performance. You could also measure your beta against the Nasdaq (to not assume a beta of 1) and check the returns beta adjusted. Finally you could consider a momentum-based hedging strategy to try to improve relative performance (buying some index puts when momentum starts to turn and letting them run off when momentum is stronger).
This next year may be rough for tech as there feels like there is a building rotation story into old-school companies (energy, healthcare, commodities, Germany in general, Brazil ) and out of tech.
Hi Art,
I use the S&P as my personal benchmark, as this is what I would invest in if I were not an active investor. I also have significant exposure to emerging markets and regions outside the US, which is not captured by the Nasdaq.
Thanks Wolf!
I’m wondering if SE has the right momentum to add more for the year ahead or if I should wait until earnings. I’m already in profit but only have a small position and would like to build it up.
Thats a very personal decision RB, only you can make that call. Bear in mind that Q4 earnings are probably only 4 or 5 weeks away.