The simple way of investing in Silver juniors would be the Amplify Junior Silver Miners ETF SILJ

Last night U.S. time (5 Dec 2025), S&P Dow Jones Indices announced that three more companies will be added at the upcoming December rebalance: CRH plc (CRH) Carvana (CVNA) Comfort Systems USA (FIX) These are announced to join the S&P 500, with corresponding deletions and mid-cap/small-cap moves, but their inclusion becomes effective later in December (typical rebalance effective date is around the week of 19–22 Dec).

- Berkshire Hathaway’s operating earnings improved to $14.4 billion in what marks Warren Buffett’s final earnings call as CEO. - Revenue grew 2% to $95.0 billion, while net earnings rose 17% to $30.9 billion. - The operating profit jump was driven almost entirely by the insurance underwriting business, where earnings more than tripled to $2.4 billion due to a mild catastrophe season. - Profit gains at BNSF (+5%) and manufacturing (+8%) also helped offset a 9% decline at Berkshire Hathaway Energy. - The cash hoard swelled to a new record of $382 billion, up from $344 billion in June. - Berkshire’s cautious stance continued, with no share buybacks for the fifth straight quarter and net equity sales of $6.1 billion. - The company has been a net seller of stocks for the 12th consecutive quarter. - With Buffett set to step down as CEO at year-end, successor Greg Abel’s first major move was announced just after Q3 closed: a $9.7 billion deal to buy OxyChem, signalling a new catalyst and the first significant deployment of the cash pile.

As we are approaching 2026, my student asks me - when should I invest in small caps given large caps are so high? What about international markets? Currently, the market is high Not just for US, but for Asia and Europe as well. Large caps are high mainly due to the AI bubble which makes you feel like you should pursue smaller "unnoticed companies." This is exactly the trap I fell into in the last market cycle. This causes me (and potentially you) to find "hidden gems" when the market is high and find small companies to invest in. The problem with small caps is that - it generally drops faster than large cap when we are in a bear market. Large caps can drop and they will recover most of the time The key difference between large-cap and small-cap is that small-caps can drop and never recover.​​​​​​​​ This is why during good times, you can invest in small caps for a short term momentum play but not to invest in small caps hoping they will survive the bear makret (becasue they usually don't). Instead, you should find small caps once you observe and see the bear market ending. ​​​ ​ Then and only then, should you find great small caps with good fundamentals and strong momentum to invest in.​ Large cap is my bread and butter because I know it will come back and recover given enough time while there is no such "promise" for small caps. ​ Cheers, Eric ---- Eric Seto Chartered Professional Accountant (CPA) Chartered Investment Manager (CIM) Founder of 5MinInvesting.com In January, my goal is to help 20 people without a financial background to master investing through Investing Accelerator. Investing Accelerator is designed for people without a financial background. The goal is to achieve 30% return per year. In the first phase, you will learn long term investing and targeting 30% for tax free compound growth. This will help accelerate your overall wealth. In the second phase, you will learn monthly passive income to provide a more predictable cash flow (target 30% per year) which can cover your expenses. This will help accelerate your retirement goals.