Pretty boring and uneventful update from me this month. Another bit of a roller-coaster of a month. Mini-rally at the very end but my portfolio is still down for the month, for the first time this year.
I did not make any transactions this month.
I’m leaning towards opening a position in MELI but have not yet done so. The big reasons I’m thinking about this are that I’m not very comfortable with just 5 positions, I usually like 6-9. Also, I’d like a bit more diversification away from SaaS. I used to hold MELI and think its likely to continue to be a long-term winner.
One thing making me hesitant is the timing. Seems they’ve had a nice run recently.