GTAA: regrouping at the turn of the month.

Sell: EMU Smallcaps (-2.0%)

Buy: Gold (USD)

GTAA allocation current:

40% Gold

17.5% Nasdaq100 (target: 40%)

17.5% Bitcoin (target: 20%)

25% Cash (for post-buy Nasdaq100, Bitcoin)

Note on buying gold: I have now included this asset in my GTAA model despite an already high proportion of gold in my overall portfolio, as this significantly improves the long-term return-risk ratios. And that's what matters, isn't it?

GTAA is a process, not an outcome.