In this blog, I also explain some of my investment plans for 2026.
IRR is a disappointing 20% but I am hoping the US stocks in the ISA will gain a lot more in the next month or two.
I had held some leveraged x3 funds (e.g. 3SLV, 3BAL, AVG3) and then sold them for a profit, except that Broadcom AVG3 has dived a lot this week so I am holding that as I expected people to realise that their chips are being taken up by many different companies instead of them buying expensive nVidia chips.
Broadcom's (AVG) largest customers can be segmented into two main categories: its single largest overall customer, Apple, and its major high-profile customers for custom AI chips, which include Google, Meta, ByteDance and potentially OpenAI and Anthropic. Sales to Samsung account for over 20% and Apple 13% in mid-2025 but Rivian have developed car AI s/w and h/w (for drive assist and autonomous self-drive) which massively undercuts Tesla's and nVidia's offerings.
My top holding in my T212 ISA are now:
As you can see, there are some large unrealised 'losses' in there as nuclear stocks have suddenly turned very bearish this month but I am holding until they come back into fashion. The trouble with nuclear is that it takes many years to bear fruit and meanwhile the prices seem to follow fashion.
It had peaked at £117k a month or so ago, but I am relieved that it has recovered from a low of £107k to back up to £114k.
This has put my IRR back up to 50% which I am also pleased about.
Warner Brothers WBD was a speculative buy which paid off (not yet sold). I would have liked to buy this wholly inside my ISA to avoid CGT but I didn't have any spare cash and I did not want to sell any stocks in my ISA while the market was down.
Almost £60k of the total £114k is invested in just 9 holdings.
You can see that I also have WBD in here too.
In 2026, I would like to reduce the number of holdings in my ISA and GIA accounts and buy more of:
T212 ISA
IRR is a disappointing 20% but I am hoping the US stocks in the ISA will gain a lot more in the next month or two.
This ISA is my 'play' portfolio. I take risks here and trade far more often than within my T212 Invest GIA account.
Friday's overview map for my ISA is shown below:
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| minus £340 down on AVG3 :-( |
Broadcom's (AVG) largest customers can be segmented into two main categories: its single largest overall customer, Apple, and its major high-profile customers for custom AI chips, which include Google, Meta, ByteDance and potentially OpenAI and Anthropic. Sales to Samsung account for over 20% and Apple 13% in mid-2025 but Rivian have developed car AI s/w and h/w (for drive assist and autonomous self-drive) which massively undercuts Tesla's and nVidia's offerings.
I also invested in Rivian Automotive (RIVN) recently and expect to hold this (and even top-up) for many months.
My top holding in my T212 ISA are now:
As you can see, there are some large unrealised 'losses' in there as nuclear stocks have suddenly turned very bearish this month but I am holding until they come back into fashion. The trouble with nuclear is that it takes many years to bear fruit and meanwhile the prices seem to follow fashion.
This is a learning point for me. Note to self: nuclear stocks follow sentiment/trends - either buy when low and hold - or buy when low and sell at the top of the next trend cycle. Lesson learned!
T212 GIA
My £100k Invest GIA recovered this week also:
It had peaked at £117k a month or so ago, but I am relieved that it has recovered from a low of £107k to back up to £114k.
This has put my IRR back up to 50% which I am also pleased about.
Some of my more recent buys are listed below:
Warner Brothers WBD was a speculative buy which paid off (not yet sold). I would have liked to buy this wholly inside my ISA to avoid CGT but I didn't have any spare cash and I did not want to sell any stocks in my ISA while the market was down.
I do like the storage market still (storage is needed in Data and AI centres in large amounts) and Sandisk, Seagate and Western Digital are all in my portfolio.
Here is Friday's portfolio map:
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| T212 Invest GIA portfolio |
Almost £60k of the total £114k is invested in just 9 holdings.
Here are my most recent purchases in this T212 GIA account:
You can see that I also have WBD in here too.
What to buy in 2026?
I fully realise that my current portfolio holdings are all over the place. I have deliberately spread them out to cover many sectors due to Trump uncertainties and the weakening $USD in 2025.
For 2026, I like gold/silver/copper mining (e.g. GIGB and DMAD) and value stocks (e.g. XDEV, IWVG).
I am currently doubting that my investment into nuclear/uranium shares was a good move, but I am going to hold them for the longer term because they can only go up in the next 4 years and I don't want to sell at a loss.
The next USA Presidential election is in November 2028 (if DJT doesn't change that too using an executive order due to being at war with Russia!). His reckless ideas with DOGE, $Trump meme coins, tariffs, etc. will not be tolerated much longer - you can't put a 5 year old playground bully in charge of the most powerful country in the world for long without something bad happening. Meanwhile, the USA economy resembles the shiny steel ball that crashes around inside a pinball machine with DJT in control of the flippers!
That is why I will be looking at investing in other world markets such as the EU STOXX, FTSE and South Korea CSKR (besides the NASDAQ EQQQ). I am avoiding China because I think their heavy investment in EVs will come back to bite them soon. The 2nd hand value of Chinese EVs will plummet (esp. if using Li-ion based batteries).
Silicon batteries look very promising to me. If an old EV car cannot burst into flames in your garage and burn your house down, that is a 'killer' advantage. Combine this with lower cost, less polluting materials, better battery aging (slower degradation) and a wider temperature of operation range and we have a winner. Battery swaps will be cheaper (if needed - e.g. if damaged). I don't see investing in Lithium as a good strategy.
The world does not have enough copper for a fully EV-based auto industry. Copper is also used in grid infrastructure and wind turbines. New copper mines will be needed. Solar panels are more efficient and lower cost than ever - this will increase the need for silver. I am thus very keen on the large copper and silver miners for 2026 (preferably buying them in a dip).
For copper and silver, I prefer to invest in companies which own geo-stable mines in places such as Australia, USA and Canada.
- Codelco Chile State owned Copper 1.7 million tonnes ~10% Sustainability, technological upgrades
- Glencore DRC/Peru Copper 1.3 million tonnes ~7% Resource diversification, ESG focus
- BHP Australia/Chile Copper 1.2 million tonnes ~6% Expansion, green mining
- Grupo México Mexico/Peru Copper/Silver 1.1 million tonnes (Cu) /1,847 tonnes (Ag) 5-7% Integrated mining, smelting
- Fresnillo plc Mexico Silver 2,600 tonnes ~10% Polymetallic mining, tech upgrades
The ETF GIGB acc. (11% gain in 1 month) has good coverage (60% in Canada+Australia+USA+UK):
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| GIGB holdings |
I also bought Fresnillo FRES separately (36% gain in 1 month) and recently bought COPX (18% gain in 1 month). I am also currently looking at buying Newmont NEM (16% gain in 1 month - 150% in 1 year).
For the EU, I will look at STOXX banks BNKE because the EU will need to fund the 'loan' to Ukraine and that money has to go through the banks (probably several times). BNKE has gained 11% in the last month and almost 100% in the last year. I also see VISA and Mastercard improving as interest rates fall but their commission rates remain the same, plus more people will be living in debt in 2026. The S&P Financials ETF UIFS has been good (100% gain in 5 years) but Trump in April 2025 knocked the stuffing out of it. I expect it to return at least 15% in 2026 and maybe more for UK investors due to a strengthening $USD.
I always try to look at what governments are spending other people's money on!
Another, area I like is the FTSE and PSRU. However, I feel it's current excellent performance was partly due to this year's favourable $USD Fx rate and it may not perform so well in 2026. There is also PSRW which performs well when compared to ACWI All world, but PSRW holds 3000 all-world stocks and is very widely diversified. Generally, PSRU has outperformed PSRW over 1, 3 and 5 years.
Looking at financial institutions and banks - we can see how USA banks have fared in 2025:
In 2026, I would like to reduce the number of holdings in my ISA and GIA accounts and buy more of:
GIGB acc. in ISA
PSRU dist. in GIA
IWVG dist. in GIA
NEM dist. Newmont in GIA
XSFN dist. or IUFS acc. (if signs of growth)
BNKE acc. in ISA - buy on dip?
Of course, I will buy EQQQ dist. and the Tech S&P 500 XLKQ synth. acc. too as I like Tech.
Each week I will look for a dip in the price of these and try to buy a bargain.
Note that I have other (much larger) investment accounts which mainly hold All World ETFs for stability.
Tuesday's Rivian tip
My previous tip on Rivian RIVN (16th Dec 2025) seems to have paid off (currently 20% unrealised gain):
My Excel macro report
See previous blog if you want this macro or worksheet.
I put some of these tickers into my Excel worksheet which compares the current price vs. the average over the last month:
Excel Macro on ISA and GIA
Current price vs. monthly average
This helps me to quickly find the trending holdings and the trailing ones :-( ...
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| ISA |
and now the Invest portfolio...
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| GIA |
The information in these blog articles is not financial advice - your circumstances may differ from mine - please do your own research. I am NOT a financial advisor and my risk tolerance may be greater than yours!
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