TRADE ALERT - Retirement & International Portfolio May 2025

Subscriber Meet Up in NYC

Before diving into today’s article, I wanted to let you know that I’m currently in New York City and planning to organize a casual meetup this week for any subscribers who would like to connect in person.

If you’re interested in joining, feel free to email me at jaskola@leonbergcapital.com, and I’ll follow up with the time and location.

Also, my apologies to those of you who hoped to meet me in other cities during my U.S. trip. My plans shifted more than expected, and I didn’t get the chance to respond to everyone. I truly appreciate your interest and hope to meet you on a future visit!

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TRADE ALERT - Retirement & International Portfolio May 2025

Industrial REITs have been hit hard recently, with a broad sell-off driven by rising concerns over the trade war, especially between the U.S. and China. This uncertainty is slowing down business decisions, including leasing and expansion plans. While near-term fundamentals may soften, we believe the pullback presents a buying opportunity for long-term-oriented investors.

Trade tensions appear to be now easing up, and yet, valuations remain very low, even despite today's surge in share prices.

That’s why we’re increasing our positions in…