Hi dear community!
ith 2026 just starting and a great 2025 investment wise, this year I want to change my investment strategy slightly compared to last year.
1. Goal & Strategy
The primary goal for 2026 is to structurally outperform the World Index (FTSE All-World / VWCE) over a multi-year horizon. This is pursued by deliberately accepting a higher risk profile than the market, provided that this risk is taken in areas with a structurally higher expected return.
The chosen approach is a core–satellite strategy:
- The core ensures global market participation and stability.
- The satellites aim to generate alpha through thematic ETFs and a limited number of carefully selected individual stocks.
The focus is on long-term structural growth trends (AI, semiconductors, cybersecurity), rather than cyclical or opportunistic themes.
2. Portfolio Allocation
Core (±50%)
$VWCE (+0,27 %) – ±30%
- Global diversification and the foundation of the portfolio.
$VUSA (+0,16 %) – ±20%
- Additional exposure to the US as the primary engine of earnings
growth and innovation.
Thematic ETFs (±35%)
$SMH (+1,37 %) - Semiconductors ETF – ±17,5%
- Structural growth driven by AI, cloud computing, automation, and industrial applications.
$LOCK (-0,55 %) - Cybersecurity ETF – ±12,5%
- A defensive growth sector with high margins and recurring revenues.
Individual Stocks (±20%)
$CRWD (+1,13 %) - CrowdStrike – ±5%
- Core holding within the cybersecurity segment.
$AMD (-0,16 %) - AMD – ±5%
- Exposure to AI and data centres, with a deliberately limited weight due to overlap.
$RKLB (+4,56 %) - Rocket Lab – ±5%
- An asymmetric growth play with a long investment horizon.
$ASRNL (-1,36 %) - ASR Nederland – ±4%
- A defensive stabiliser within the equity allocation.
$IREN (+3,04 %) - IREN – ±1%
A speculative satellite position focused on optional upside.
$AIR (-0,85 %) and $ASWC (+1,18 %) will be fully sold.
3. Investment Plan
- Monthly contribution: €500
- Execution: transactions every two months (€1,000 per cycle)
Approach:
- Core positions remain largely unchanged
- New capital is primarily allocated to thematic ETFs and selected stocks
Reallocations (AMD, NATO, Airbus) are executed gradually.
Cost control: limited number of trades per cycle with a fixed structure
The plan prioritises consistent capital deployment, not market timing.
4. Risk Assessment
- Market risk: heavy exposure to growth and US equities leads to higher volatility.
- Sector concentration risk: semiconductors and cybersecurity carry significant weight
- Stock-specific risk: individual holdings may temporarily underperform materially
- Speculative risk: IREN and Rocket Lab can experience severe drawdowns
- Behavioural risk: temptation to react to volatility, mitigated through predefined rules
Drawdowns of −30% to −45% during market stress are explicitly accepted.
5. Expectations
Expected average annual return: approximately 12–15%, based on historical data and allocation
- Outperformance objective: beat the World Index over multiple years, not necessarily every calendar year
- Volatility: higher than VWCE, but with superior long-term return potential
Performance is evaluated over a full market cycle rather than short-term intervals.
6. Mental Rules
- No new positions without a clear structural investment thesis
- No impulsive trades outside the scheduled execution moments
- ETFs provide structure; individual stocks provide conviction
- Positions with significant overlap are intentionally capped
- Speculative holdings remain small and controlled
- Time in the market matters more than timing the market