Many thanks for completing my weekend polls (here they are if you missed them: paying subscribers / non-paying).
Your answers were extremely useful: roughly the right amount of content, stick with the audio, the balance of investment ideas and other stuff is about right, and the price too is about right (interestingly, paying subscribers thought that, non-paying less so — that put a smile on my face). Also: keep writing about what I know.
You’re a bit more equivocal about the video content. There are more gold than bitcoin bugs in the readership, with a healthy number are in the “own both” camp.
And so many of you joined my Comedy Substack, it became one of Substack Humor’s fastest movers. Yippee. Thank you!
Today I am going to tell you about my seven largest investment positions.
Take note: the asset allocation I advocate is the Dolce Far Niente portfolio. This is 15% in gold, 5% in bitcoin, and we have a large allocation to global equities, especially the US. It also has a 10% allocation to risky/fun investments: small caps, special situations and so on (the kind of flutters I write about here). The reason for this allocation is to minimise risk and any damage caused by losses.
Do as I say, not as I do and all that. My personal allocation does not fully correspond to the Dolce Far Niente, partly for lack of discipline, partly because I have a greater appetite for risk and will stomach bad losses, if they come around, partly because I am overweight bitcoin.
My largest positions
As I am sure you know, my two largest positions are in bitcoin and gold. In my view everyone should have an allocation to these assets. Given the debasement of currency taking place worldwide, the greater risk is not owning them.
On which note …
If you want to buy gold or silver to protect yourself in these interesting times, the bullion dealer I use and recommend is the Pure Gold Company. Pricing is competitive, quality of service is high. They deliver to the UK, the US, Canada and Europe or you can store your gold with them. Find out more here.
But we will put those to one side.
After bitcoin and gold, my seven largest positions are:
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