Hi friends,

💡 Investing Doesn’t Have to Be Complicated, R2R is built on simple, time-tested principles:

✅ Focus on high-quality assets
✅ Keep a Margin of Safety
✅ Use options with intention
✅ Stay patient, let time and compounding do the heavy lifting

• No stock trades this week • Closed Tesla puts for profit and reopen new positions

Steady, intentional, exactly how I like it.

This was an interesting week.

The major indices pulled back, yet my portfolio continued to make new highs. The reason is simple: roughly 60% of my portfolio is hedged. When the market moves lower, I’m not just protected, I’m actually getting paid.

This is the power of intentional positioning.

I’m not trying to predict every market move. I’m structuring the portfolio so that:

That asymmetry creates a very different emotional experience as an investor. Instead of reacting to volatility, I welcome it.

And honestly, it feels good.

🚗 Tesla (TSLA)

1. U.S. Sales Decline in November

Tesla’s U.S. vehicle sales fell below 40,000 units in November, the lowest monthly figure since early 2022. Cybertruck sales were ~1,200 units.

My take: This highlights near-term demand pressure in the U.S. auto market and reinforces why Tesla’s long-term valuation cannot rely on vehicle volumes alone. Margins may face pressure if incentives expand. The strategic importance of energy, autonomy, and software monetization continues to increase.

2. 2025 Holiday Update & Grok Integration

My take: Grok integration is the real story here. This is the first real embedding of xAI into Tesla’s utility layer, not just entertainment. It strengthens Tesla’s ecosystem moat and software differentiation. That said, the Tesla–xAI relationship introduces governance and value-sharing questions that deserve close monitoring.

3. Optimus Teleoperation Controversy

A viral clip from Tesla’s Miami event sparked debate about whether Optimus demonstrations relied on human teleoperation rather than full autonomy.

My take: This is a healthy reality check. The market is currently pricing Optimus as a trillion-dollar opportunity. If autonomy timelines are further out than implied, near-term expectations may cool. For now, I treat robotics as long-dated optionality, not a core valuation driver yet.

🌐 QQQ / Nasdaq 100

1: Nasdaq 100 Annual Reconstitution

On December 12, 2025, Nasdaq announced the results of the annual reconstitution of the Nasdaq 100 index, effective prior to market open on December 22, 2025.

My Take :

Short-term volatility from rebalancing is noise. Long term, this process ensures the index remains aligned with innovation leaders, exactly why QQQ remains a core exposure for me.

2: Fed Cuts Rates by 25 bps

On December 10, 2025, the Federal Reserve cut its benchmark interest rate by 25 basis points to a range of 3.50-3.75%, marking the third reduction in the current cycle.

My Take:

Lower rates support valuation multiples and reduce financing pressure for growth companies. However, with fewer cuts expected in 2026, earnings growth, not liquidity, must carry the next leg higher.

🐉 Tencent

1. “Delta Force” Global Open Beta

My take: This is Tencent’s most serious attempt to break into the global AAA shooter market. Early engagement is promising, but retention will decide everything. Competing with Call of Duty is hard but not impossible.

2. Ongoing Share Buybacks

Tencent continues to absorb HK$700M–1B of shares daily.

My Take:

This creates a structural downside floor and steadily boosts EPS. It’s slow-motion privatization and a strong signal of management confidence in long-term free cash flow.

William | Relax to Rich Club

Thanks for reading, see you next week.

I am not a licensed financial advisor, and the information shared here reflects my personal investment decisions and opinions only. This content is for informational and educational purposes and should not be construed as financial, investment, or trading advice. Past performance is not indicative of future results. Investing involves risks, including the potential loss of capital.