Building the structure.
How the portfolio is built before any single position is added. The permanent core, the tactical layer, and the rules that decide when a position leaves.
Gold or bonds: you should only hold one at a time
Both sound safe. They work in opposite environments. Holding both at the same time usually means one of them is hurting you.
Read →Portfolio Series · 2026Why energy belongs in your portfolio even if you never think about oil
Energy stocks go up when almost everything else goes down. That's not a coincidence — it's one of the best protections a beginner can hold.
Read →Portfolio Series · 2026The currencies that protect you: CHF and SGD
Most currencies slowly lose value. A few don't. Holding ~10% in one of them is the last line of defense when everything else falls.
Read →Portfolio Series · 2026How to find investments nobody is talking about yet
By the time it's on the news, most of the move is done. Read the macro regime before the narrative catches up.
Read →Portfolio Series · 2026Why uncorrelated assets matter more than high returns
Two portfolios with the same average return produce very different outcomes. The difference is whether they fall together.
Read →Portfolio Series · 2026Invest where the country is doing well: how to use the macro map
A good business in a bad country goes nowhere. A mediocre business in a thriving country can return 50%.
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