Today I closed four long-term positions on eToro — Repsol, E.ON, Enel, and HSBC — with gains ranging from +35% to +71%. These weren’t lucky swings; they were the result of a disciplined, fundamentals-first strategy focused on European value and dividend-rich sectors.
But let’s start with the comedy show that is global markets.
When $3 Trillion Evaporates Because Someone Misspoke
This morning, the S&P 500 performed a full Cirque du Soleil routine. One clown that everybody knows his name said the U.S. and Iran had “productive discussions.” Six minutes later, markets added $2 trillion. Twenty-seven minutes after that, Iran said “What discussions?” and the market promptly deleted $1 trillion like a teenager clearing browser history.
This is the environment we’re in:
- Headlines move markets faster than earnings do
- Algorithms react before humans blink
- And investors confuse noise with signal
Which is exactly why I stick to my strategy.
Why I Took Profits Today
The positions I closed had strong runs driven by solid fundamentals:
- Repsol: benefited from energy prices + refining margins
- E.ON & Enel: regulated utilities thriving on stability and rate expectations
- HSBC: higher-for-longer rates + strong Asia exposure
Taking profits here isn’t “timing the market.” It’s risk management, discipline, and portfolio hygiene.
What Happens Next
I’m keeping the strategy unchanged:
- European value remains the backbone
- Dividends remain the cashflow engine
- Utilities, energy, banks, insurance remain the pillars
- Cash buffer stays ready for when volatility gifts us better entry points
The goal isn’t to chase every headline. The goal is to build a portfolio that survives the headlines.
In Other Words…
While global markets are busy reenacting telenovelas, I’m doing the boring, profitable work: taking gains, reducing risk, and preparing for the next rotation.
If you’re copying my portfolio on eToro, know this: I’ll always choose discipline over drama — even when the drama is worth $3 trillion.
Ink And Reason 