iiinova — where your digital self keeps evolving

A1Mhigh @a1mhigh.bsky.social · 02/07/2026

If you are a long term investor with a well diversified portfolio it is debatable if they add that much - particularly if trading/investing in small caps (because they often make big moves that blow thru your SL anyway).

020

A1Mhigh @a1mhigh.bsky.social · 02/07/2026

They are a double edge sword. I never put stops in the market, and execute on an EOD basis. Critically you need methods to get back in (signal new strength). Also you must accept they are a method to manage downside & risk adjusted return. Not something that magically improves CAGR.

110

A1Mhigh @a1mhigh.bsky.social · 01/07/2026

Been a tough year for stock picking. Looks like you peaked last week of February - like me. 😄 Just before the 💩 hit the fan. A lot of trends broke at that point. And UK small caps got massacred in March (AIM100 was down -15%). Still not back at YTD highs here.

030

A1Mhigh @a1mhigh.bsky.social · 14/04/2026

The T4Q 10-year Gilt is on a Gross yield to maturity of 4.91% on the open market. So this is exactly what you would expect. The only argument is does this offer better value for buyer or seller?

020

A1Mhigh @a1mhigh.bsky.social · 11/04/2026

Prof. John Mearsheimer - University of Chicago "The only off ramp for US is surrender and accept the Iranian 10 point plan" 🤯 Well worth a watch imo. www.youtube.com/watch?v=c9wX...

youtube.com

John Mearsheimer: TRUMP'S ONLY OPTION IS SURRENDER

YouTube video by Breaking Points

010

A1Mhigh @a1mhigh.bsky.social · 07/04/2026

Huge day. Will Trump join Netanyahu and Putin in the war criminals rogues gallery, by bombing civilian infrastructure in Iran? Or will he TACO? Could have huge implications for him and the US going forward.

010

A1Mhigh @a1mhigh.bsky.social · 25/03/2026

Lets just say after a few years in the market I can spot the difference between real investors and cheerleaders.

010

A1Mhigh @a1mhigh.bsky.social · 25/03/2026

I keep my eye on social media, who is pumping what etc. I have no evidence other than repeated patterns of behaviour. Maybe the individuals I identify are just really bad investors ? 😂

010

A1Mhigh @a1mhigh.bsky.social · 19/03/2026

If I end up looking like an idiot but I don't care. The danger of trend following (TF) is that you sell at the absolute bottom of a market correction. Its just the price you pay to reduce volatility/drawdowns. Other TF's may be using loser stops and doing things differently.

010

A1Mhigh @a1mhigh.bsky.social · 19/03/2026

Many Stops hit this month in gold and financials after a long period of calm (SL clusters are never good in my experience). I am a position trader and not a long term buy&hold investor so not recommending any course of action for anyone else, as ever DYOR, this is just a FYI.

120

A1Mhigh @a1mhigh.bsky.social · 18/03/2026

FYI - Just like COVID in February 2020 I am considerably in cash & cash-like holdings, and only 20% exposed to equities. Mainly low beta, commodity related, or difficult to exit low liquidity names. Sold all my gold and financial stocks this month.

250

A1Mhigh @a1mhigh.bsky.social · 22/02/2026

Mohnish Pabrai looks like a big winning manager in his US portfolio since 2025-12-31. All individual stock selection with $RIG being a big winner & $VAL a significant winner. Sector focus is 66%: Basic materials, 33%: Energy. Concentrated!

010

A1Mhigh @a1mhigh.bsky.social · 22/02/2026

Stanley Druckenmiller Top Holdings of 2025-12-31. In top 10 has added $XLF financials, $RSP equal weight S&P500, $EWZ Brasil. Moving away from market cap weighted $SPY (Mag-7 underweight), and towards Latin America are interesting tactical moves imo.

020

A1Mhigh @a1mhigh.bsky.social · 10/02/2026

Software cos. have been weak for some months, coming to a head after latest SaaS vs. AI sell off. Sold #MONY last year as it took out a Stop loss. Same with #KNOS this year. But investors are sell first, ask questions later atm. I am sure bargains will emerge when the smoke clears.

010

A1Mhigh @a1mhigh.bsky.social · 04/02/2026

I think they are probably very good. I am talking about the level of over exaggeration used in the pitch. This seemed excessive given what is available in the public domain. Maybe he has a hotline to management and it is trading on a forward PE of 15?

150

A1Mhigh @a1mhigh.bsky.social · 03/02/2026

Hindsight Harry talks a load of bowls. His pitch on a certain well known Stoke based engineering company was a laugh a minute. Problem is inexperienced investors might well be taken in. 🤔

160

A1Mhigh @a1mhigh.bsky.social · 02/02/2026

Interesting. In the U.S., Robinhood earns a lot from Payment for Order Flow (PFOF) a practice where market makers pay the broker for routing retail orders their way. But in the UK, PFOF is effectively banned under local best-execution rules. So how is it making money in UK?

110

A1Mhigh @a1mhigh.bsky.social · 28/01/2026

The idea that US big tech can keep AI all to itself and monetise it just for its own benefit was always a fantasy, as DeepSeek showed many months ago. Open source AI & Chinese AI cos. will be disruptors for sure.

000

A1Mhigh @a1mhigh.bsky.social · 27/01/2026

Posted this chart after a "parabolic" gold move 9 months ago. $GLD is up 48% since then. Not saying that $SLV doesn't looks way over done short term. But as the old Wall St. saying goes "keep calling tops and you will be pushing mops".

010

A1Mhigh @a1mhigh.bsky.social · 26/01/2026

These are quite significant changes (as Dealing a/c was free before now) i.e. fees going from £45/pa to £300/pa unless you have small account sizes. Increase of about £21/pm.

010

A1Mhigh @a1mhigh.bsky.social · 26/01/2026

Well spotted missed that.

000

A1Mhigh @a1mhigh.bsky.social · 25/01/2026

Crypto driven by liquidity according to Richard Bernstein. If credit spreads blow out crypto gets creamed. Note the inverse relationship (RHS axis). i.e. crypto is "digital gold" is a v. bad take.

000

Reposted by A1Mhigh

PensionCraft @pensioncraft.com · 22/01/2026

Standing ovation at Davos for a Mark Carney speech that argued the global order has fractured, not evolved. He warned that pretending the old rules still work is dangerous and called on middle powers to stop performing a comforting fiction and start acting in the world as it actually is

1161

A1Mhigh @a1mhigh.bsky.social · 22/01/2026

very odd time to make these changes imo. Because this will place UK investors in a greater proportion of US assets net-net.

110

A1Mhigh @a1mhigh.bsky.social · 22/01/2026

$AJB AJ Bell statement below. There was £500m increase in pension withdrawals ahead of the budget compared with Q1 FY25. This is not a good look for Reeves, or stated govt. policy to boost UK retail investment.

000

A1Mhigh @a1mhigh.bsky.social · 21/01/2026

Yes. It works in the same way. However, there are other constraints on qualification (such as it has to be profitable etc.). So for example $TSLA did not qualify until it was huge (and profitable). And yes it was almost certainly front run.

000

A1Mhigh @a1mhigh.bsky.social · 21/01/2026

Not sure Iceland want to be drawn into this. 😂 Geography not one of his strong points? But then what is?

020

A1Mhigh @a1mhigh.bsky.social · 21/01/2026

Thanks. Been thinking about this for a while, and wanted to post something. Fine line between crying wolf (I may be too early), and people sleep walking into a "passive" investing wealth trap. I think there are similarities between this "bubble" and the one in LT bonds $TLT that burst in 2021-22.

100

A1Mhigh @a1mhigh.bsky.social · 21/01/2026

BTW the European market is not the odd one out, UK, Indian, etc. markets all show the same thing i.e. the the domestic market index (FTSE100 etc.) looks a lot like the "mid" performers. The odd one out is the US market.

120

A1Mhigh @a1mhigh.bsky.social · 21/01/2026

My response to this is 2-fold. 1. At what point does the $SPY index composition diverge from QVM metrics to such an extent it becomes dangerously unstable? I don't know. 2. if I pick my own stocks from the top quintile in either UK, Europe etc. I can in a self directed way outperform the S&P500.

110

A1Mhigh @a1mhigh.bsky.social · 21/01/2026

Even if investors mainly pick their own stocks you can bet their work place pension invests almost totally via passive indexing (UK, EU or US funds alike). What is less clear is: 1. How long this Size factor can last - is it perpetual? 2: Is it not just sensible to join this momentum jugernaught?

100

A1Mhigh @a1mhigh.bsky.social · 21/01/2026

Because US market is dominant, as % of World index (~70%) performance is driven by a NEW mother of all factor returns, Size. Because we live in a "passive" indexing world (where investors from around the globe invest in a world index tracker & not their local market). Flows are #1 driver of returns

120

A1Mhigh @a1mhigh.bsky.social · 21/01/2026

Exhibit B: Here we have European stocks ranked in the same way as US market. Again you can see outperformance of the top quintile, stacking nicely down to the under performing bottom quintile (red). This time the European index ranks approximately at the mid-quintile (ranks 40-60), not at the top.

110

A1Mhigh @a1mhigh.bsky.social · 21/01/2026

However, even the top decile (10%) does'nt outperform the S&P500 index (blue). If you think about this then it becomes clear that size of index membership ALONE is the top quantitative metric for outperformance. i.e. the market returns are being driven by passive flows. Not QVM factor returns.

110

A1Mhigh @a1mhigh.bsky.social · 21/01/2026

Stockopedia: ranks stocks in terms of Quality, Value and Momentum. The top quintile in green (top 20%) should outperform lower ranked ones in a quarterly rebalanced portfolio over time. The US market (exhibit A) shows this to be the case (green at the top (ranks 80-100), red (0-20) at the bottom).

100

A1Mhigh @a1mhigh.bsky.social · 21/01/2026

I no longer own US index trackers of the S&P500 ($SPY) or Nasdaq100 ($QQQ). Or for that matter World tracker funds (~70% are US stocks). I sold out completely in January of 2025. I explained my reasons in my 2025 review. But I thought it useful to show my reasoning in terms of a Quantitative view.

100

A1Mhigh @a1mhigh.bsky.social · 21/01/2026

A thread on why I won't be investing in either a US index tracker or World tracker fund/ETF any time soon (Warning: could be a long thread..) (1/n)

160

A1Mhigh @a1mhigh.bsky.social · 19/01/2026

I think the biggest risk to US economy is if EU pension funds (who own a shed load) start dumping US equities (and switching to equities in the RoW). It is happening already imo.

030

A1Mhigh @a1mhigh.bsky.social · 19/01/2026

I am with @brokenbanker.bsky.social on this. I don't see a credible way EU weaponize this debt. Most of it owned by pension funds anyway. There has already been 3-4yrs of slow bleed in USTs by EU pension funds, China and the rest.

120

A1Mhigh @a1mhigh.bsky.social · 19/01/2026

The irony is that his mother is Scottish and he owns two golf resorts in Scotland. 😂

000

A1Mhigh @a1mhigh.bsky.social · 19/01/2026

Is it just me or are we seeing repeatable patterns in Trump's modus operandi? Start the year with threats of Tariffs in a situation entirely created by him (for his & his mates own financial benefit). Create a crisis (buy into the chaos), then solve it by withdrawing said threats. Rinse & repeat 🤔

340

A1Mhigh @a1mhigh.bsky.social · 19/01/2026

Informative thread on potential retaliation by the EU to Greenland tariff threat 👇

121

A1Mhigh @a1mhigh.bsky.social · 18/01/2026

The chart I posted (good analysis done by someone else btw) bears out your UK small cap experience in 2025. Lot of domestic (quality) stocks went nowhere. Whilst we might hope 2026 will be different something tells me it might be more of the same :-(

110

A1Mhigh @a1mhigh.bsky.social · 18/01/2026

Anything you feel comfortable writing about imo. Building more dialogue and activity on this platform will help to establish a community (that goes for me too). The decline in X content is already driving traffic. Sadly many quality investors of old have withdrawn completely from X and disappeared.

110

A1Mhigh @a1mhigh.bsky.social · 18/01/2026

To "throttle exports of services such as those provided by US Big Tech companies in the EU" would cause some big market moves. But since Trump changes his mind a LOT in a short space of time, let us hope cool heads prevail for now.

000

A1Mhigh @a1mhigh.bsky.social · 18/01/2026

True. But you got a nice cushion by making some good decisions the last few years. 😉

000

A1Mhigh @a1mhigh.bsky.social · 18/01/2026

May be too cautious. 😂 But after 3 decades in the markets simple survival is a much under rated metric. The kinds of risk I took in my younger days make me cringe.

110

Reposted by A1Mhigh

Henry Viola-Heir @htviolaheir.bsky.social · 18/01/2026

A common complaint people have about Bluesky...it's too quiet. I was once told that "if you want something improved, stop waiting for others to do it and get it done yourself". With that in mind if you follow me and would like more investing content - what would you like to see in 2026?

231

A1Mhigh @a1mhigh.bsky.social · 18/01/2026

I am posting my 2025 reflections on BlueSky only this year. In part because I am getting little engagement on Xitter, and partly because I won't be posting much on Xitter going forward.

160