Portfolio rebalancing - Is it time to think about reducing USD weightings a bit?

I am a pre-emptive kind of guy.... an early adopter if you will.

Back in the murky past when I was a fresh faced Marketing student at Strathclyde Uni we learned about the 5 stages of technology adoption in Everett M. Rogers' Diffusion of Innovations.  It was written back in 1962 and still kinda holds true today 57 years later.

Early Adopters -  'These individuals have the highest degree of opinion leadership among the adopter categories. Early adopters have a higher social status, financial liquidity, advanced education and are more socially forward than late adopters. They are more discreet in adoption choices than innovators.'    

I am not very discreet and probably focussed on the wrong kind of liquids in the past but I do like to try and see the next trend before it becomes a bandwaggon.

I am coming much closer to a fork in my investment strategy road. I think the Orange Swan is right and we must start to see some loosening of USD strength in the coming months. The question is when is this going to happen?  The rate cuts will start that process and I want to be ahead of the game.

The other fundamental elephant in my room is that even though I think we should see some USD loosening I still firmly believe America centric funds are going to do very well short to medium term.

To this end I am thinking about rebalancing USD weightings from 38%   to around 28% by buying Sterling or Euro  denominated funds that are invested in the US. I prefer GBP to EUR on a personal level.

I will sadly say goodbye to Invesco Global Leisure Fund A - Acc US LU0052864419  as it has returned me the princely sum of -5.31% in 379 days. (Net net I actually gained on it as my USD exposure has gained me 6.05% over the same period).

I would add to Fundsmith GBP or Baillie Gifford American Fund B Accumulation as they have done very well but am really  on the hunt for another stablemate for them.

As my old schoolmate Julius used to say Alea iacta est. Now I just have to jump.

happy hump day

Don