Money · Investing
The Half That
Needs No Opinion.
Forty percent of the book is stocks and ETFs. One index fund does the work, five convictions sit on top of it, and the split between those two jobs is the whole idea.
Stocks and ETFs are forty percent of the book. The largest single position is XEQT, an all equity index fund of funds, and the rest is five individual companies chosen for a specific reason each. The index half is there so the portfolio does not depend on being right about any one company, and the concentrated half is there because a portfolio that is only an index has no view in it at all.
Of The Book
The rest is crypto and a small memecoin sleeve.
Positions
One index fund and five companies.
Largest Line
The index fund, not a stock pick.
Index Cost
The MER on XEQT, the whole cost of that line.
Two Jobs, One Sleeve
The index does not need me to be right. The five positions are the part where I am taking a view.
The Index Is The Floor
One fund, roughly 8,300 companies, rebalanced without me. It is the largest single line in the sleeve and the one I do nothing to. Its whole job is to make sure the outcome does not hang on a stock pick.
The Five Are The View
Compute, energy and autonomy, distribution, logistics and cloud, and software that is hard to remove once installed. Each is a sentence I can defend, and if I cannot say the sentence the position does not belong here.
The Ratio Is The Risk Setting
How much sits in the index versus the five is the actual decision. Changing it is a real change to the book. Changing which five is a much smaller one.
Nothing Here Is Traded
These are held. The turnover in this sleeve is close to nothing, which is the point of splitting it this way rather than running one concentrated book and hoping.
What Is In The Sleeve
Weights within the stocks and ETFs allocation, not of the whole book. Illustrative, same as every figure on the investing page.
iShares Core Equity (XEQT) · 32%
All equity global index. The part of the book that needs no opinion.
NVIDIA (NVDA) · 19%
The compute layer everything else in this list depends on.
Tesla (TSLA) · 13%
Energy, autonomy and manufacturing in one line.
Apple (AAPL) · 13%
Distribution. The device the customer is already holding.
Amazon (AMZN) · 12%
Retail, logistics and AWS under one roof. The last one is the part that compounds.
Palantir (PLTR) · 11%
Software that embeds inside governments and large enterprises, which makes it hard to remove once it is in.
Common Questions
Forty percent. The other sixty is crypto and a small memecoin sleeve, and the whole allocation is published on the investing page with the reasoning behind each split.
They do different jobs. The index removes the risk that the outcome depends on one company being right. The five individual positions are where an actual view is expressed. A book that is only one or only the other is either opinionless or fragile.
XEQT, the iShares Core Equity ETF Portfolio. It is an all equity fund of five iShares index funds with a 0.20 percent MER, listed on the TSX. There is a full page on it.
The price table on the investing page is live and covers every position including this sleeve. These pages carry no price, because a number printed into a static page is wrong within the hour.
No. It is a published book with the reasoning attached, which is a different thing. Nothing here is financial advice and I am not a licensed advisor.
The Book Is Published.
The Reasoning Is The Point.
Every position, every split, and the four rules underneath it, on one page with live prices.