September 2026 Portfolio Review: In a Closed Pool, Averaging Down Means Selling Winners
A month with no trades erased my YTD gain, and showed me that in a fixed pool, averaging down means selling winners to fund losers.
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My August 2026 Portfolio Review: A Good Month, More Selective Now
On 11 August my portfolio was up by double digits for the year. Three weeks later it was 4.1%. Nothing collapsed — the month just got less friendly, and it’s made me want to own fewer companies.