Invest like Alejandro | eToro Popular Investor

Investing, Finances and Personal growth. My portfolio is public on eToro. Every position, every entry, every exit.

[Invest like Alejandro | eToro Popular Investor @amworld_inves]

Two red bars on my eToro chart. -20.68% in 2020. -27.76% in 2022.

I never deleted them. This is why.

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[Invest like Alejandro | eToro Popular Investor @amworld_inves]

That 1800 to 1940 number always stops me. We treat 2% inflation like a law of nature when it's really a fairly recent policy choice. It's also the best argument I know for owning real businesses with pricing power instead of holding cash, over a long enough horizon the quiet erosion does more damage than any crash. Slow risk is still risk.

[Invest like Alejandro | eToro Popular Investor @amworld_inves]

This is the stat that quietly kills market timing. Everyone waits for the all clear from the Fed and by the time it comes the market already moved. I stopped trying to position around rate decisions years ago, I just keep buying quality when it's cheap and sentiment is poor. The Fed is noise I can't forecast, the business is the thing I can actually judge.

[Peter Mallouk @PeterMallouk]

Are you ready to have your mind blown?
Since 1982, money invested after a Fed rate HIKE has actually outperformed money invested after a Fed rate CUT. 🤯🤯🤯

[Invest like Alejandro | eToro Popular Investor @amworld_inves]

This is the stat that quietly kills market timing. Everyone waits for the all clear from the Fed and by the time it comes the market already moved. I stopped trying to position around rate decisions years ago, I just keep buying quality when it's cheap and sentiment is poor. The Fed is noise I can't forecast, the business is the thing I can actually judge.

[Invest like Alejandro | eToro Popular Investor @amworld_inves]

145x is absurd, congrats. The quiet problem with a winner like that is it stops being a decision about the business and turns into a decision about weight. I own AMD too and I've been trimming into the run, not because the thesis changed but because the position got too big to sleep on. Quality didn't move, the size did.

[Invest like Alejandro | eToro Popular Investor @amworld_inves]

Adobe fell 4.52% and Intuit 3.87% on the day the Nasdaq closed at a record. Neither company published anything. That was not earnings being repriced. It was the multiple on incumbent software being reassigned, on a day with no new data about either business. $ADBE $INTU

[Invest like Alejandro | eToro Popular Investor @amworld_inves]

9/ How I read this: nothing on 22 Sep changed a KPI in a business I own. A record index, a geopolitical headline and a 4.5% drawdown are facts to update, not reasons to act. Price moves in a day. Value moves over years.
Follow me on X.

[Invest like Alejandro | eToro Popular Investor @amworld_inves]

20260922 - Daily Market News by AMWorld
Nasdaq closed at a record 27,244.28 (+0.45%). S&P 500 flat. The Fed is hiking, not cutting. Oil fell about 3% on an Iranian offer to reopen Hormuz.
Thread.

[Invest like Alejandro | eToro Popular Investor @amworld_inves]

8/ $ADBE -4.52% and $INTU -3.87% on a record index day, with no company news from either. That is multiple compression, not earnings.

[Invest like Alejandro | eToro Popular Investor @amworld_inves]

𝗔 𝗕𝗼𝗻𝗡 𝗥𝗼𝗮𝗱𝘀𝗵𝗼𝘄 𝗪𝗶𝘁𝗵 𝗡𝗼 𝗧𝗲𝗿𝗺𝘀 𝗔𝘁𝘁𝗮𝗰𝗵𝗲𝗱
$GLNG Golar, a company I own opened a bond roadshow on Monday morning.
Size, coupon, maturity and use of proceeds were all left out.

𝗪𝗛𝗔𝗧 𝗪𝗔𝗦 𝗔𝗡𝗡𝗢𝗨𝗡𝗖𝗘𝗗
On 21 September, before the US open, $GLNG (Golar LNG) said it had mandated a syndicate of banks to arrange fixed-income investor meetings beginning that day, with a possible USD 144A/Reg S benchmark senior unsecured notes offering to follow, subject to market conditions.

It is a company press release, signed by the CEO and CFO, and filed as a Form 6-K. The fact is solid. The word benchmark implies a certain minimum scale by convention. Beyond that, the release carries no figures at all.

𝗧𝗛𝗘 𝗖𝗢𝗡𝗗𝗜𝗧𝗜𝗢𝗡𝗦 𝗜𝗧 𝗜𝗦 𝗪𝗔𝗟𝗞𝗜𝗡𝗚 𝗜𝗡𝗧𝗢
The US 30-year Treasury closed Monday at 5.28% and the 10-year at roughly 4.95%. Both eased about five basis points on the day as crude fell. That was a reprieve inside a rising trend, not a turn in it. The 10-year had touched its highest level since 2007 the previous Friday.

On 16 September the Fed raised rates 25bp to 3.75-4.00%, its first hike since July 2023, and 16 of 19 members now expect at least one more this year. So an unsecured issuer picked the first calm day in a while to walk into a long end still near two-decade highs. That may be timing. It may be a deadline. The announcement does not say.

𝗛𝗢𝗪 𝗜 𝗥𝗘𝗔𝗗 𝗜𝗧
The pricing release is the information. The roadshow is the calendar entry. Three things decide what this means:
• The coupon relative to Golar's existing cost of debt
• The tenor, and what it does to the maturity wall
• Whether the proceeds refinance or fund contracted capacity
Refinancing at a higher coupon raises fixed interest expense against the same asset base. Funding contracted FLNG capacity adds an asset to carry it. One headline, two different businesses on the other side.

𝗢𝗡𝗘 𝗧𝗛𝗜𝗡𝗚 𝗜 𝗦𝗛𝗢𝗨𝗟𝗗 𝗕𝗘 𝗦𝗧𝗥𝗔𝗜𝗚𝗛𝗧 𝗔𝗕𝗢𝗨𝗧
I usually write about durable moats and predictable earnings power. That is not what this is. Golar sits in my book as exposure to LNG shipping and liquefaction economics, where the variables that decide the outcome - freight rates, spreads, contract timing - are largely exogenous and are not modellable the way a software P&L is.

I hold it knowing that. Which is exactly why capital structure is what I read on a day like this, and not the story around it.

𝗣𝗢𝗦𝗜𝗧𝗜𝗢𝗡𝗜𝗡𝗚
I am not adding and I am not trimming on an announcement that contains no terms. The decision point is the pricing, and the pricing is not out.

𝗔𝗻 𝗮𝗻𝗻𝗼𝘂𝗻𝗰𝗲𝗺𝗲𝗻𝘁 𝘄𝗶𝘁𝗵𝗼𝘂𝘁 𝗻𝘂𝗺𝗯𝗲𝗿𝘀 𝗶𝘀 𝗻𝗼𝘁 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻. 𝗜𝘁 𝗶𝘀 𝗮 𝗰𝗮𝗹𝗲𝗻𝗱𝗮𝗿 𝗲𝗻𝘁𝗿𝘆.

𝗤𝗨𝗘𝗦𝗧𝗜𝗢𝗡 - When a company you own announces a debt raise with no terms attached, do you act on the announcement or wait for the pricing?

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[Invest like Alejandro | eToro Popular Investor @amworld_inves]

Amazing milestone, congrats to everyone who held it. The part that chart never shows is how few people actually captured that +30,400%, because holding AMD meant sitting through some genuinely brutal drawdowns along the way and not flinching. I own it too. The math of compounding is the easy bit, the staying power is the whole game, and it's the part almost nobody posts about.

[Invest like Alejandro | eToro Popular Investor @amworld_inves]

Amazing milestone, congrats to everyone who held it. The part that chart never shows is how few people actually captured that +30,400%, because holding AMD meant sitting through some genuinely brutal drawdowns along the way and not flinching. I own it too. The math of compounding is the easy bit, the staying power is the whole game, and it's the part almost nobody posts about.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Advanced Micro Devices stock, $AMD, officially crosses above $1 trillion in market cap for the first time in history.

This puts the stock up +30,400% over the last 10 years.

$10,000 invested in AMD in 2016 would be worth $3,050,000 today.

[Invest like Alejandro | eToro Popular Investor @amworld_inves]

This is the part most people who think they're diversified have never actually checked. If half your index is one theme, you don't own the market, you own a leveraged bet on tech that happens to feel safe. I'm not anti-index at all, I just think you should know what you're holding. In my own book I cap how big any one name or theme can get, precisely so the portfolio isn't quietly making a bet I never decided to make.