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This is what the posts of 90%+ of public pages and channels on “investments” look like, right? 😂

Today is exactly 5 months since my post dated March 17, in which I reviewed the largest position in my portfolio - Yandex. Let me remind you that the share price when writing the post was 2425 RUB, the target forecast was 4500 RUB, +85%. True, I did it for a horizon of ~3 years, but it turned out that the action went through this path in a shorter period. And yes, if you calculate the profitability in the best traditions of guru-investors and trading magicians, this 85% for 5 months comes out to 200% per annum 🙈.

But seriously, what am I going to do with the position now? It seems like a good goal has been achieved, maybe it’s time to take profits? If a stock is now overvalued, maybe close the position now and wait for a pullback, and buy it cheaper later? And still short it now? Should I shift to other, undervalued instruments?

I simply adore such reasoning, which, unfortunately, is typical for those who are new to the stock market and not entirely competent in this matter. You can catch the highs and lows and speculate about where the stock will be today, tomorrow or in a week, ad infinitum, and for some reason most beginners choose this path instead of analyzing companies and businesses, investing for the long term, minimizing the impact of short-term fluctuations on their results. In the short term, a stock can rise/fall for any reason or without any reason at all. Where will she be in an hour/day/week/month? God, I don’t know, and no one knows, maybe only dozens of people in senior management/insiders, and it’s unlikely that they will share it with anyone else 😆.

Now closer to Yandex. While I don’t see any point in doing a second review of the company, in general, all the information is cited by me 5 months ago is relevant. Well, except for the last one, not the best report for the 2nd quarter + that the company has become almost 2 times more expensive 😒 My vision of the situation is that the company will remain the same in the long term attractive, the growth drivers are the same - taxis and drive-thrus, drones, delivery, shop, zen and others. At the moment, it is obviously overvalued, I don’t see any point in going long on Yandex right now, shorting is also dangerous, because on impulse the price of a stock can go anywhere (by the way, hello to those who suggest catching the “lows and highs”, you can get out now at 4500, and the stock will go conditionally 5500 and higher, what then?) Look at Tesla’s chart, if you haven’t seen it yet, and you will understand everything yourself.

My position on Yandex currently has 36 stocks in its portfolio, 24-25%, I won’t somehow balance it / buy more / fix it partially or completely, let them do it guru traders. I continue to hold, I am currently considering the possibility of additional purchases no higher than 3000 RUB per share.

Thank you for your attention, read smart books and invest in good companies 💪😍 I will do a monthly portfolio update within a week.