Why I moved to 100% cash on 3rd March
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On 3rd March, I made the decision to liquidate every single position in the North Tech 15. Since we launched on 24th August, the portfolio has gained 47.62%, compared to 25.52% for the S&P 500. For anyone managing their own SIPP or ISA, those are the kind of gains that demand protection. While many investors were still focused on the AI rally, the escalating conflict involving Iran introduced a level of systemic risk that the market simply hadn't priced in. I didn't sell because I lost faith in tech. I sold because when a regional conflict threatens global energy and shipping routes, the "tech trade" becomes secondary to the preservation of your capital. In my latest post, I explain the logic behind hitting the "reset button" and why sitting on dry powder is currently the most strategic move we can make. Read the full analysis: How to lock in a 123% gain in 18 months To clear thinking, David Thomas Founder, North Tech Capital P.S. Since the liquidation alert went out to our community, the S&P 500 has dropped nearly 3.5%, and the "Magnificent Seven" lost $330 billion in value last Friday alone. You can see the exact breakdown of how we are navigating this "war premium" here. |
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