Market Update

Rise Market Update
Rise Market update

As the stock market continues to fall owing to massive corrections in growth companies, supply chain and Omicron issues, we are shifting some of our holdings to more defensive positions to reduce the impact on our portfolio. 

We’ve taken advantage of the correction to increase our stakes in Apple, MercadoLibre, JP Morgan, Berkshire Hathaway, BILL and more while trimming down our holdings Shopify, Cloudflare and ServiceNow.

While we have made these changes, we still expect high growth, low-profit shares to continue taking a beating in the short term which will continue to impact performance. We will continue adding to our holdings where it makes sense but users who cannot hold on or buy into these lows can take advantage of our more stable real estate and fixed income offerings to protect them from volatility. Long term, the quality of our stock holdings remain intact and we expect the portfolios to bounce back above the current drawdowns.

As always, our job is to grow your long term capital by investing in high-quality assets and navigating volatile markets so that you can focus on living your best life.