Before we get into the positions — a quick word on what this is.
I've been managing a real US stock portfolio for a while now using a framework I built around one core idea: most investors lose money not because they pick bad stocks, but because they don't know when to sell.
So I built a six-trigger exit system. Every position in the portfolio gets run through all six triggers every week. One trigger fires - I watch. Two triggers fire - I act. Three or more - I'm out. No gut feel. No headlines. No panic.
I'm not a day trader. I execute trades every few weeks at most. The waiting is the strategy.
Every Friday this newsletter documents exactly what the framework is saying - what I'm holding, what I'm watching, and the one or two things that would actually change my behaviour. Real money. Real decisions. Shown in public.
That's The Slow Capitalist. Let's get into it.
THE MACRO READ
Two forces are pulling this market in opposite directions right now.
On one side, the US Treasury has been quietly buying back its own bonds — what markets are calling "QE-lite." When governments inject liquidity like this, hard assets respond - which is why gold continues to act as the ultimate structural beneficiary of that underlying current.
On the other side, the 10-year Treasury yield is pushing toward 4.8%. That matters because every stock in my portfolio has to earn a better return than what risk-free cash pays. When yields rise, the bar gets higher. Anything that can't clear it becomes a rotation candidate - that's the core mechanics of how I decide when to sell.
Same market. Completely different implications depending on where you're sitting.
This is our first edition, we’re feeling the ropes. We’ll skip the individual stock deep dives this week and hit the ground running next week.
The Slow Capitalist documents personal portfolio decisions and technical observations. This is financial education and transparency — not personalised financial advice. Do your own research.