Position Update: Increasing existing holdings in Rheinmetall, Alibaba, Silver Miners, and Gold Producers within our virtual portfolio | Long-term conviction holds
Following a recent retreat in prices across several of our holdings, we believe this is an excellent opportunity to strategically increase our position sizes at more favorable valuations. These are all long-term buys, and we are using the current market weakness to build up our allocations.
Transaction Details:
- Rheinmetall (RHM.DE): Buy 10 shares @ EUR 945.20
- Alibaba (BABA): Buy 100 shares @ USD 102.60
- iShares MSCI Global Silver and Metals Miners ETF (SLVP): Buy 400 shares @ USD 29.32
- iShares Gold Producers UCITS ETF USD Acc (IAUP.L): Buy 250 shares @ USD 34.62
Why we are buying:
For Rheinmetall, the Silver Miners ETF (SLVP), and the Gold Producers ETF (IAUP.L), these recent pullbacks provided the perfect window to bring our holdings up to the final position sizes that we originally planned for this portfolio. We remain highly confident in the long-term tailwinds for both defense and precious metals miners, and are glad to complete our buildup at these levels.
Alibaba (BABA) is the exception to our original sizing plan. We already hold quite a decent chunk of Alibaba in our portfolio, but we are choosing to increase our position regardless of our current exposure. The reasoning is straightforward: the stock price is simply too low to ignore. We see a significant value opportunity here and decided to allocate more capital to take advantage of these depressed levels.
Portfolio Status:
These transactions have already been executed. The positions are now officially updated in our portfolio to reflect the newly added shares and adjusted average cost prices.
Disclosure: These are simulated positions for nobelselect.com research purposes. Not financial advice.