Since Friday’s rally, I no longer hold $ASTS or $RKLB.
Not because they’re bad companies. They’re not.
But at this point in the bull market, valuation and margin of safety matter. A LOT.
I kept some of my $RDW and a small $ETHA position, but at this stage I’d rather hunt for undiscovered names and raise more cash than assume high-fliers keep compounding forever.
After just one trading day in 2026, my portfolio is up ~13% YTD.
I could sit in cash at ~4% for the rest of the year and still likely beat the major averages by year end.
I know this won’t be a popular post. I’m not here to say what people want to hear, but to be transparent about my investment process.
Great stories can stay great until it suddenly doesn't and capital discipline is about recognizing when the risk reward has shifted.
Protecting the downside is part of winning long term.