Alpesh B Patel OBEManaging Partner (UK), RootBridge Capital · Asset Management. Great Investments Programme. 18 Books, Bloomberg TV alum & FT Columnist, BBC Paper Reviewer; Fmr Visiting Fellow, Oxford Uni. Multi-TEDx. UK Govt Dealmaker. alpeshpatel.com/links Pro

Bond Market Danger: Investing Strategy & Stock Holdings Revealed #shorts

9 Jun 2026 · 1 min

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1:14

In this short video, the speaker warns that rising bond yields pose the greatest danger to markets, referencing a self‑created dashboard that tracks this risk. He conducts a poll on whether the FTSE will be higher in 12 months and explains his valuation approach, emphasizing stock‑level price‑to‑earnings and growth multiples rather than sector averages. He discloses his current holdings—Broadcom, Nvidia, Micron, Microsoft, and Oracle—while noting the unexpectedly strong performance of his portfolio. The speaker characterises his mindset as "cautiously optimistic" and describes a recent rebalancing trade that yielded a £300 profit, framing it as a legitimate free‑rider strategy to maintain equal weight across a 40‑stock portfolio.

Chapters

The biggest, most biggest danger is, and we created a dashboard for this, is the bond market. If bond yields go up too much. Okay, 50% of you think the FTSE would be higher in 12 months. Let me do another poll. I've got more material for you yet. Have I gone on? No, not an hour yet. Price to earnings. Those are the multiples. That's the growth rate. So you can see why people would pay more multiple for a higher growth rate. I don't tend to look at price to earnings and forecasted growth at the sector level. I look at it at the stock level. Okay, because sectors hide a lot of stocks. Now I do own Broadcom, Nvidia, Micron, Microsoft, Oracle. That's not why I've shown these. That is a ridiculously good year. Did I know it was going to be this good? No, because just go back to my January. I never am irrationally exuberant. I'm always in some degree of equanimity towards what might happen and cautious. I think, I think, I think you'd say I'm always cautiously optimistic. I think that's probably the safest way to describe how I am. Yes, well, but I released my stock holdings on a company I still believe in. Okay, my wrong sell, £300 profit, keep the initial investment in, so technically a free stock. I don't think that's wrong. It's rebalancing. It's one way to do it. And people do that, free rider. They say, look, I'm going to go back. If you If you have 40 stocks and you got 2.5% in each, rebalance would be having 2.5% in each, which would be the exact same of what you just did. What you've actually just done is rebalance back to your original holding amount.