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This site will already celebrate its 15th anniversary next year. To mark the occasion, I have been working for quite some time on changes to be made, not only to the editorial content, but also to the determining portfolio.

In terms of articles, it is true that I have paradoxically slowed down the pace since I left salaried employment. There are several reasons for this. First, it is more difficult for me to talk about subjects that I am no longer directly confronted with, such as Rat Race. That's a pretty good sign. I also admit that I've had a bit of a good time and have been a little less available to write.

However, I am getting motivated again and I am thinking of introducing a new series of articles devoted to backtests soon. The idea is to see how certain fundamental and technical factors can influence stock prices, particularly in Switzerland, but also in France, for my readers in France. It is also possible that stock analyses will be added to this, as I have already done in the past.

At the portfolio level, many changes are also planned. The goal is to build on the key concepts discussed in my book, trying to enhance them with new approaches, which I have been testing for a few months. Here are some new features planned:

• Complement existing strategies (Micro Caps, Blue Chips, TAA and Trading Auto Signal) by one or two new strategies, probably one of the "Value" type and another of the "Growth" type, in order to benefit from their synergies (they often work alternately).
• Underweight the current Blue Chips strategy, which is currently clearly in the majority, in order to make some room for new ones and reduce the risk inherent in over-representation. To do this, focus, among the current Blue Chips, on those with the best short/medium term potential to possibly return later to the others and so on.
• Substantially increase the frequency of rebalancing/revaluations of equity strategies. Micro Caps would thus go from a period of 6 to 1 month and Blue Chips from 12 to 3 months. The future strategies mentioned above should be, like Micro Caps, at a monthly rebalancing frequency. The advantage of this approach is that it allows you to react early enough to any micro or macroeconomic change, whether positive or negative. Thanks to this, we can do without the manual monthly trailing stop loss method 15%, which did a bit the same, but only for negative events of a technical nature (price drop). Shortening the duration of rebalancing certainly implies a higher turnover (more transactions). However, the additional gains generated easily cover the additional costs (as long as you don't stay with an old-school financial intermediary). The investor who prefers a lower turnover can stick to the Blue Chips strategies (few transactions, despite a shortening to 3 months) and TAA (unlike the others, its rebalancing frequency is increased to 2 months, see next paragraph).
• The more I advance with the TAA strategy, the more I realize that it benefits from simplicity. We remember that this strategy initially included a multitude of assets. Today, it only includes gold, long-term bonds and cryptos. In the very near future, I even think of doing without Bitcoin and Ethereum altogether. This may seem surprising, because I remain more than convinced of their long-term potential (I even buy some for myself in dollar cost averaging, outside the determining portfolio, in cold storage). However, the goal of the determining portfolio has always been to maximize gains while minimizing risks (which allows the withdrawal rate to be increased). A better return/risk ratio can be obtained by investing in stocks, without cryptos. Even if the latter display a low correlation with stocks, their addition to the PF unfortunately does not improve its Sharpe ratio. Additionally, by focusing on gold and bonds, both of which are significantly less volatile than cryptos, we can afford to reduce the frequency of rebalancing, going from 1 to 2 months, as mentioned above.

Here are my thoughts, a bit random. If you have any questions or suggestions, feel free to submit them to me below, or directly in PM. I think that most of you should not be too disturbed by these changes. If so, let me know.