New Year’s eve and old tricks as markets were in general favourable despite all the turmoil around the world. At the time of writing this US markets will still be open for few hours but main porfolio gained about 16,75% in value while total dividend income was 15425,74 EUR for FY2025 (before taxes, converted to EUR at the time of writing). Solid progress there but in the real world progress has not always been positive. War in Ukraine is still raging on but perhaps there’s some hope for some kind of resolution in 2026. I would not get my hopes up since US is in many ways spiralling down when it comes to international alliances. Russia does what Russia typically does: fuck up everything it can get it’s hands on. Then there are the US activies around Venezuela and potential conflict with China over Taiwan. Latter would easily have huge impact globally but perhaps final showdown there will not take place just yet. This has potential for perfect storm type of a situation if multiple issues co-exist and escalate at the same time. There are some side shows that might see need to have increased presence in the global stage: Iran, North Korea and perhaps even India but likely more so in behind the scenes. Then again, if major risks don’t materialize we might see solid progress during FY2026. My main scenario is somewhat positive progress in Europe and potentially huge stock bubble in US. Therefore I’ll likely mainly add on ETF positions and fund those purchases mainly from received dividends. Should be thesis for IREN hold, I’ll start exiting the position during Q2/2026 and likely divert that money to other positions.