{"id":3624,"date":"2026-05-04T11:47:15","date_gmt":"2026-05-04T08:47:15","guid":{"rendered":"https:\/\/baytutumlu.com\/?p=3624"},"modified":"2026-05-04T11:47:16","modified_gmt":"2026-05-04T08:47:16","slug":"nisan-2026-sonu-portfoy-durumu","status":"publish","type":"post","link":"https:\/\/baytutumlu.com\/index.php\/2026\/05\/04\/nisan-2026-sonu-portfoy-durumu\/","title":{"rendered":"Nisan 2026 Sonu Portf\u00f6y Durumu"},"content":{"rendered":"\n<p><br>Herkese selamlar. Yeni bir ay\u0131n daha sonuna geldik. Finansal \u00f6zg\u00fcrl\u00fck yolculu\u011funa ba\u015flayal\u0131 tam 94 ay, hedefime ula\u015fal\u0131 ise 31 ay ge\u00e7mi\u015f. Nisan ay\u0131n\u0131 tek kelimeyle tan\u0131mlamam gerekirse rekor ay\u0131 oldu. Mart sonunda 12.791 seviyesinden devrald\u0131\u011f\u0131m\u0131z BIST 100, nisan i\u00e7inde 14.621 puanla tarihi zirve g\u00f6rd\u00fc ve ay\u0131 14.442 seviyesinden kapatt\u0131. Sava\u015f ortam\u0131na ra\u011fmen ayl\u0131k bazda yakla\u015f\u0131k %12&#8217;lik bir y\u00fckseli\u015f geldi.<br><br>Global geli\u015fmelere ge\u00e7meden \u00f6nce ki\u015fisel taraftan biraz bahsedeyim. Mart sonunda ald\u0131\u011f\u0131m\u0131z arac\u0131m\u0131z ile baya\u011f\u0131 yol yapt\u0131k. \u015earj altyap\u0131s\u0131n\u0131n bekledi\u011fimden daha iyi oldu\u011funu g\u00f6r\u00fcyorum, \u015fehir i\u00e7i kullan\u0131mda tasarruf ger\u00e7ekten g\u00f6zle g\u00f6r\u00fcl\u00fcr hale geliyor. Evde \u015farj imkan\u0131m\u0131z\u0131n olmas\u0131 da maliyetleri a\u015fa\u011f\u0131 \u00e7ekiyor. Sa\u011fl\u0131k taraf\u0131nda mart ay\u0131ndaki o ufak gribal enfeksiyondan tamamen kurtuldum. Salonda haftada en az 3 kez antrenman rutinim devam ediyor. Bunun yan\u0131nda havalar\u0131n d\u00fczelmesiyle birlikte haftada 1 g\u00fcn\u00fc de y\u00fcr\u00fcy\u00fc\u015fe ay\u0131rmaya karar verdim. <\/p>\n\n\n\n<p>\u0130\u00e7erik taraf\u0131nda ise Midas&#8217;\u0131n kulaklar\u0131nda Kristy Shen&#8217;in finansal \u00f6zg\u00fcrl\u00fck hikayesini kaleme ald\u0131m. G\u00fcnl\u00fck 44 sentle ge\u00e7inen bir aileden gelip milyon dolarl\u0131k bir portf\u00f6ye uzanan ger\u00e7ekten s\u0131rad\u0131\u015f\u0131 bir yolculuk olmu\u015f. Okumak isteyenler i\u00e7in linki ekliyorum.<br><\/p>\n\n\n\n<p><a href=\"https:\/\/www.getmidas.com\/midasin-kulaklari\/gunluk-44-sentlik-yasamdan-milyonerlige-kristy-shenin-hikayesi-p-393838\">https:\/\/www.getmidas.com\/midasin-kulaklari\/gunluk-44-sentlik-yasamdan-milyonerlige-kristy-shenin-hikayesi-p-393838<\/a><\/p>\n\n\n\n<p><br>Patreon taraf\u0131nda i\u00e7eriklere devam ediyorum. Finansal \u00f6zg\u00fcrl\u00fck serisi kapsam\u0131nda Coast FIRE konulu yeni bir video haz\u0131rlad\u0131m. Ayr\u0131ca Turcas Holding (TRCAS), Gelecek Varl\u0131k(GLCVY), K\u0131ra\u00e7 Galvaniz(TCKRC) ve T\u0131naztepe Sa\u011fl\u0131k(TNZTP) yat\u0131r\u0131m tezlerini yay\u0131nlad\u0131m. Bir aksilik olmazsa haftada bir \u015firket incelemesi al\u0131\u015fkanl\u0131\u011f\u0131n\u0131 s\u00fcrd\u00fcrmek istiyorum. B\u00f6ylece daha az bilinen \u015firketler hakk\u0131nda bir ar\u015fiv olu\u015fturmu\u015f olaca\u011f\u0131m. Merak edenler ve incelemek isteyenler i\u00e7in hesab\u0131m\u0131n linkini payla\u015f\u0131yorum.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.patreon.com\/collection\/1561592\" target=\"_blank\" rel=\"noreferrer noopener\">Bay Tutumlu Yat\u0131r\u0131m Tezleri Ar\u015fiv<\/a><\/p>\n\n\n\n<p>Haftal\u0131k b\u00fcltenlere de devam ediyorum tabi.  Bunun yan\u0131nda Finansal \u00d6zg\u00fcrl\u00fck Kul\u00fcb\u00fc podcast&#8217;inde de iki yeni b\u00f6l\u00fcm yay\u0131na girdi. \u0130lki yava\u015f ya\u015fam manifestosu, ikincisi ise fiat para sistemi ve bitcoin hakk\u0131nda. Dileyenler a\u015fa\u011f\u0131dan linklere ula\u015fabilir.<br><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-spotify wp-block-embed-spotify wp-embed-aspect-21-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Spotify Embed: Krizlere ra\u011fmen &amp;apos;yava\u015flamak&amp;apos; yat\u0131r\u0131mlar\u0131n\u0131z\u0131 kurtarabilir mi? | F\u00d6K #42\" style=\"border-radius: 12px\" width=\"100%\" height=\"152\" frameborder=\"0\" allowfullscreen allow=\"autoplay; clipboard-write; encrypted-media; fullscreen; picture-in-picture\" loading=\"lazy\" src=\"https:\/\/open.spotify.com\/embed\/episode\/2CUPjneYMzcO5Nbu1ka7tZ?si=uUpELaiRRhGXuKXtuE7JNQ&amp;utm_source=oembed\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-spotify wp-block-embed-spotify wp-embed-aspect-21-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Spotify Embed: D\u00fcnyan\u0131n Gelece\u011fini De\u011fi\u015ftiren O G\u00fcn | F\u00d6K #43\" style=\"border-radius: 12px\" width=\"100%\" height=\"152\" frameborder=\"0\" allowfullscreen allow=\"autoplay; clipboard-write; encrypted-media; fullscreen; picture-in-picture\" loading=\"lazy\" src=\"https:\/\/open.spotify.com\/embed\/episode\/7hYcUVhDJpkDyyNCAkBGCX?si=FP5jTuwORBixOP_pXYidrw&amp;utm_source=oembed\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><strong>Jeopolitik Geli\u015fmeler<\/strong><\/p>\n\n\n\n<p>\u015eimdi g\u00fcncel geli\u015fmelere d\u00f6nelim. Nisan ay\u0131 \u0130ran sava\u015f\u0131n\u0131n ikinci perdesi oldu. Mart ay\u0131nda 32 g\u00fcn\u00fc a\u015fan \u00e7at\u0131\u015fma sonras\u0131nda 8 nisanda iki haftal\u0131k k\u0131r\u0131lgan bir ate\u015fkes ilan edildi. Piyasalar bu haberle moral bulurken i\u015fin perde arkas\u0131 farkl\u0131 \u015fekilde i\u015flemeye devam etti.<\/p>\n\n\n\n<p>11 Nisan&#8217;da Pakistan&#8217;\u0131n arabuluculu\u011funda kal\u0131c\u0131 ate\u015fkes i\u00e7in taraflar\u0131n g\u00f6r\u00fc\u015fmeye oturdu\u011funu \u00f6\u011frendik. 21 saat s\u00fcren maratona ra\u011fmen m\u00fczakerelerden somut bir sonu\u00e7 \u00e7\u0131kmad\u0131. ABD&#8217;nin 9 maddelik teklifi ile \u0130ran&#8217;\u0131n talepleri aras\u0131ndaki u\u00e7urum \u00e7ok b\u00fcy\u00fckt\u00fc. G\u00f6r\u00fc\u015fmelerin t\u0131kanmas\u0131n\u0131n ard\u0131ndan 13 Nisan&#8217;da Trump&#8217;\u0131n talimat\u0131yla ABD donanmas\u0131 \u0130ran limanlar\u0131na ve H\u00fcrm\u00fcz Bo\u011faz\u0131&#8217;na deniz ablukas\u0131 ba\u015flatt\u0131. Pentagon a\u00e7\u0131klamas\u0131na g\u00f6re nisan sonuna kadar 49 ticari gemi farkl\u0131 rotalara y\u00f6nlendirildi.<\/p>\n\n\n\n<p>17 Nisan&#8217;da L\u00fcbnan cephesinde sa\u011flanan ate\u015fkesin ard\u0131ndan \u0130ran k\u0131sa s\u00fcreli\u011fine H\u00fcrm\u00fcz Bo\u011faz\u0131&#8217;n\u0131 ticari gemilere a\u00e7t\u0131\u011f\u0131n\u0131 duyurdu. Ancak ABD&#8217;nin liman ablukas\u0131n\u0131 s\u00fcrd\u00fcrece\u011fini a\u00e7\u0131klamas\u0131 \u00fczerine \u0130ran tekrar ge\u00e7i\u015flere k\u0131s\u0131tlamalar getirdi. Nisan sonuna geldi\u011fimizde Tahran 14 maddelik g\u00fcncellenmi\u015f bir teklifi Pakistan \u00fczerinden ABD&#8217;ye iletti. Teklif iki a\u015famal\u0131 bir takvim \u00f6ng\u00f6r\u00fcyor. \u0130lk ay H\u00fcrm\u00fcz&#8217;\u00fcn a\u00e7\u0131lmas\u0131, ablukan\u0131n kalkmas\u0131 ve sava\u015f\u0131n sonlanmas\u0131, ikinci ayda n\u00fckleer dosyan\u0131n ele al\u0131nmas\u0131. Trump bu yaz\u0131y\u0131 yazd\u0131\u011f\u0131m s\u0131rada teklifi inceleyece\u011fini ancak kabul edilebilir bulmad\u0131\u011f\u0131n\u0131 s\u00f6yledi. H\u00fcrm\u00fcz&#8217;de mahsur kalan gemiler i\u00e7in \u00d6zg\u00fcrl\u00fck Projesi ad\u0131yla yeni bir operasyon plan\u0131n\u0131 da duyurdu.<\/p>\n\n\n\n<p>Bu tablonun k\u00fcresel ekonomi \u00fczerindeki etkileri devam ediyor. Brent petrol nisan ay\u0131nda %7,60 daha prim yapt\u0131 ve ay\u0131 111 dolardan kapatt\u0131. H\u00fcrm\u00fcz&#8217;\u00fcn fiilen kapal\u0131 kalmas\u0131, b\u00f6lgedeki gemi trafi\u011finin kesintiye u\u011framas\u0131 ve enerji fiyatlar\u0131ndaki y\u00fcksek seyir k\u00fcresel enflasyon endi\u015felerini canl\u0131 tutuyor.<\/p>\n\n\n\n<p><strong>Yurti\u00e7i Piyasalar<\/strong><\/p>\n\n\n\n<p>T\u00fcrkiye&#8217;ye d\u00f6necek olursak, BIST 100 nisan ay\u0131nda sava\u015f\u0131n yaratt\u0131\u011f\u0131 sat\u0131\u015f bask\u0131s\u0131na ra\u011fmen g\u00fc\u00e7l\u00fc bir ralliyle toparland\u0131. Endeks ay ba\u015f\u0131nda 13.000 civar\u0131ndayken nisan boyunca y\u00fckseli\u015f trendine girdi. Ay i\u00e7inde tarihi zirvesi olan 14.621&#8217;i g\u00f6rd\u00fc. Ayl\u0131k kapan\u0131\u015f 14.442 seviyesinde ger\u00e7ekle\u015fti ve TL baz\u0131nda %12,91, dolar baz\u0131nda %11,05 de\u011fer kazan\u00e7 anlam\u0131na geldi. BIST 30 ise %14,35 ile daha g\u00fc\u00e7l\u00fc bir performans sergiledi. D\u00fcnya genelinde en \u00e7ok kazand\u0131ran ilk 10 borsa endeksi aras\u0131na girdik. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"370\" src=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-101753.png?resize=1024%2C370&#038;ssl=1\" alt=\"\" class=\"wp-image-3626\" srcset=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-101753.png?resize=1024%2C370&amp;ssl=1 1024w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-101753.png?resize=300%2C108&amp;ssl=1 300w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-101753.png?resize=768%2C277&amp;ssl=1 768w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-101753.png?resize=600%2C217&amp;ssl=1 600w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-101753.png?w=1421&amp;ssl=1 1421w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" data-recalc-dims=\"1\" \/><\/figure>\n\n\n\n<p>Burada tabi \u015firketler aras\u0131nda ayr\u0131\u015fmalar g\u00f6zlemliyoruz. Aselsan, Astor gibi \u015firketlerin yan\u0131nda birka\u00e7 spek\u00fclatif \u015firket endeksi s\u0131rtl\u0131yor. Bu da bireysel yat\u0131r\u0131mc\u0131lar\u0131n ve yat\u0131r\u0131m fonlar\u0131n\u0131n endeksin gerisinde kalmas\u0131na neden oluyor. Benim d\u00fc\u015f\u00fcnceme g\u00f6re ki\u015filer kendilerini endeksle de\u011fil d\u00f6viz veya enflasyon gibi bir enstr\u00fcmanla k\u0131yaslamal\u0131lar. \u00c7\u00fcnk\u00fc endeksin i\u00e7eri\u011fi sabit de\u011fil ve s\u00fcrekli olarak de\u011fi\u015fken getirilere sahip. Bizde endekse yat\u0131r\u0131m yapan fon da olmad\u0131\u011f\u0131 i\u00e7in zaten bu getirilerden direkt olarak faydalanmak olas\u0131 de\u011fil. Ben de mesela bu ay endeksin olduk\u00e7a gerisinde kald\u0131m fakat bunu kafaya takm\u0131yorum.<br><br>TCMB taraf\u0131nda 22 Nisan&#8217;daki PPK toplant\u0131s\u0131nda politika faizi beklentilere paralel %37&#8217;de sabit tutuldu. Karar metninde dikkat \u00e7eken birka\u00e7 nokta var. Birincisi enflasyonun ana e\u011filiminin mart ay\u0131nda gerilemesine ra\u011fmen \u00f6nc\u00fc verilerin nisanda bir miktar y\u00fckselece\u011fine i\u015faret etti\u011fi vurguland\u0131. \u0130kincisi enerji fiyatlar\u0131ndaki y\u00fcksek seyir ve oynakl\u0131\u011f\u0131n iktisadi faaliyet ve enflasyon g\u00f6r\u00fcn\u00fcm\u00fc \u00fczerindeki etkilerinin yak\u0131ndan takip edildi\u011fi belirtildi. \u00dc\u00e7\u00fcnc\u00fcs\u00fc ise gerekli g\u00f6r\u00fclmesi halinde para politikas\u0131n\u0131n s\u0131k\u0131la\u015ft\u0131r\u0131labilece\u011fi mesaj\u0131n\u0131n korunmas\u0131. Bu metin TCMB&#8217;nin y\u0131l i\u00e7inde faiz indirim d\u00f6ng\u00fcs\u00fcn\u00fc tamamen rafa kald\u0131rd\u0131\u011f\u0131n\u0131 g\u00f6stermiyor ama \u00f6n\u00fcm\u00fczdeki birka\u00e7 ay i\u00e7in bekle-g\u00f6r politikas\u0131n\u0131n s\u00fcrd\u00fcr\u00fclece\u011fine i\u015faret. Muhtemelen ilk faiz indirimi eyl\u00fcl-ekim aylar\u0131nda yap\u0131lacak.<\/p>\n\n\n\n<p>\u015eu enteresan detay\u0131 not etmek laz\u0131m. Sava\u015f\u0131n ba\u015flad\u0131\u011f\u0131 ilk haftalarda TCMB&#8217;nin yakla\u015f\u0131k 50 milyar dolarl\u0131k d\u00f6viz sat\u0131\u015f\u0131 yapt\u0131\u011f\u0131 tahmin ediliyor. Ay i\u00e7inde portf\u00f6y giri\u015flerinin g\u00fc\u00e7lenmesiyle bu rezervlerin bir k\u0131sm\u0131n\u0131n geri kazan\u0131ld\u0131\u011f\u0131 d\u00fc\u015f\u00fcn\u00fcl\u00fcyor. Bir hafta vadeli repo ihalelerine de mart ay\u0131nda ara verilmi\u015fti, fonlama faiz koridorunun \u00fcst band\u0131 olan %40&#8217;tan yap\u0131lmaya ba\u015flanm\u0131\u015ft\u0131. D\u00f6viz pozisyonu konusunda twitter&#8217;da 507&#8217;nin payla\u015f\u0131mlar\u0131n\u0131 yak\u0131ndan takip ediyorum.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"698\" height=\"404\" src=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/HGgakerW8AAerEN.png?resize=698%2C404&#038;ssl=1\" alt=\"\" class=\"wp-image-3625\" srcset=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/HGgakerW8AAerEN.png?w=698&amp;ssl=1 698w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/HGgakerW8AAerEN.png?resize=300%2C174&amp;ssl=1 300w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/HGgakerW8AAerEN.png?resize=600%2C347&amp;ssl=1 600w\" sizes=\"auto, (max-width: 698px) 100vw, 698px\" data-recalc-dims=\"1\" \/><\/figure>\n\n\n\n<p>Nisan enflasyonu bu yaz\u0131y\u0131 yazd\u0131\u011f\u0131m dakikalarda a\u00e7\u0131kland\u0131 ve %4.18 geldi. \u0130stanbul Ticaret Odas\u0131&#8217;n\u0131n \u00f6n verisi ayl\u0131k %3,74 art\u0131\u015fa i\u015faret etmi\u015fti. Mart ay\u0131ndaki %1,94&#8217;l\u00fck rahatlamadan sonra petrol kaynakl\u0131 bir bask\u0131 g\u00f6rm\u00fc\u015f olduk.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"975\" height=\"544\" src=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-101909.png?resize=975%2C544&#038;ssl=1\" alt=\"\" class=\"wp-image-3627\" srcset=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-101909.png?w=975&amp;ssl=1 975w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-101909.png?resize=300%2C167&amp;ssl=1 300w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-101909.png?resize=768%2C429&amp;ssl=1 768w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-101909.png?resize=600%2C335&amp;ssl=1 600w\" sizes=\"auto, (max-width: 975px) 100vw, 975px\" data-recalc-dims=\"1\" \/><\/figure>\n\n\n\n<p><br><br><strong>Ki\u015fisel Portf\u00f6y<\/strong><\/p>\n\n\n\n<p><br>Nisan ay\u0131nda portf\u00f6y\u00fcmde \u00f6nemli bir hareket yapmad\u0131m. Nisan ba\u015f\u0131nda ISMEN hisselerimden bir miktar eksilterek TRCAS \u015firketini portf\u00f6y\u00fcme ekledim. Nisan\u0131n ikinci haftas\u0131nda da ufak bir ekleme yapt\u0131m. \u015eu anda hisse portf\u00f6y\u00fcmde %5 civar\u0131nda bir a\u011f\u0131rl\u0131\u011f\u0131 bulunuyor. <br><br><br>Bunun d\u0131\u015f\u0131nda d\u00fczenli BTC al\u0131m\u0131na devam ettim. Eurobond kuponlar\u0131n\u0131 ise tahvil fiyatlamalar\u0131ndaki rahatlamay\u0131 bekleyerek nakit pozisyonunda tuttum. Bu t\u00fcr kriz d\u00f6nemlerinde sakin kalmak ve uzun vadeli plana sad\u0131k kalmak en do\u011fru strateji.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1015\" height=\"567\" src=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-103245.png?resize=1015%2C567&#038;ssl=1\" alt=\"\" class=\"wp-image-3629\" srcset=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-103245.png?w=1015&amp;ssl=1 1015w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-103245.png?resize=300%2C168&amp;ssl=1 300w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-103245.png?resize=768%2C429&amp;ssl=1 768w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-103245.png?resize=600%2C335&amp;ssl=1 600w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" data-recalc-dims=\"1\" \/><\/figure>\n\n\n\n<p><br><br><br>\u015eimdi portf\u00f6ydeki \u015firketlerle ilgili nisan ay\u0131 geli\u015fmelerine bakal\u0131m. T\u00fcm \u015firketleri yazmayaca\u011f\u0131m, sadece nemli geli\u015fme olanlar\u0131 payla\u015fmay\u0131 d\u00fc\u015f\u00fcn\u00fcyorum.<\/p>\n\n\n\n<p><strong>ISMEN<\/strong><\/p>\n\n\n\n<p>Mart ay\u0131nda sava\u015f\u0131n g\u00f6lgesinde sert sat\u0131\u015flar g\u00f6ren borsa nisanda toparlanma trendine girdi. Bu, kredi i\u015ftah\u0131 i\u00e7in olumlu bir sinyal. Faiz indirim d\u00f6ng\u00fcs\u00fcn\u00fcn duraksam\u0131\u015f olmas\u0131 k\u0131sa vadede arac\u0131 kurumlar i\u00e7in bask\u0131 unsuru olmaya devam ediyor. Mart ay\u0131ndaki margin call dalgas\u0131n\u0131n ard\u0131ndan nisanda i\u015flem hacimlerinde kademeli bir normalle\u015fme bekliyorum. \u015eirketin nisan kredili i\u015flem verileri hen\u00fcz yay\u0131nlanmad\u0131 ama iyimserli\u011fin geri d\u00f6nmesiyle birlikte hacimde bir miktar canlanma g\u00f6rmek m\u00fcmk\u00fcn. Birinci \u00e7eyrek bilan\u00e7osu \u00f6n\u00fcm\u00fczdeki g\u00fcnlerde gelecek, takipteyim.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"732\" src=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-112600.png?resize=839%2C732&#038;ssl=1\" alt=\"\" class=\"wp-image-3631\" srcset=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-112600.png?w=839&amp;ssl=1 839w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-112600.png?resize=300%2C262&amp;ssl=1 300w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-112600.png?resize=768%2C670&amp;ssl=1 768w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-112600.png?resize=600%2C523&amp;ssl=1 600w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" data-recalc-dims=\"1\" \/><\/figure>\n\n\n\n<p><strong>RYGYO<\/strong><\/p>\n\n\n\n<p>Reysa\u015f GYO i\u00e7in 29 Nisan&#8217;da yap\u0131lan genel kurul ay\u0131n en kritik g\u00fcndemiydi. \u015eirketin temett\u00fc da\u011f\u0131tmama karar\u0131 genel kurulda da netle\u015fti. Yat\u0131r\u0131mc\u0131 ili\u015fkilerinin daha sa\u011flam y\u00f6netilmesi gerekti\u011fini d\u00fc\u015f\u00fcn\u00fcyorum. Yine de yat\u0131r\u0131m hikayesinin temelinde de\u011fi\u015fiklik yok. Tuzla, Arnavutk\u00f6y ve Ankara Kazan&#8217;daki depo yat\u0131r\u0131mlar\u0131 portf\u00f6y de\u011ferini ve kira gelirlerini ileriye ta\u015f\u0131yacak. Bulgaristan&#8217;da bir gayrimenkul projesi i\u00e7in \u015firket kuruldu. Mohnish Pabrai&#8217;nin pay oran\u0131 %10 s\u0131n\u0131r\u0131n\u0131n \u00fczerine \u00e7\u0131kt\u0131. <\/p>\n\n\n\n<p><strong>TUPRS<\/strong><\/p>\n\n\n\n<p>T\u00fcpra\u015f i\u00e7in H\u00fcrm\u00fcz Bo\u011faz\u0131&#8217;n\u0131n kapal\u0131 kalmas\u0131 en kritik konu olmaya devam ediyor. Ham petrol tedarik kanallar\u0131n\u0131n \u00e7e\u015fitlendirilmesi ve maliyet etkileri yak\u0131ndan izleniyor. Di\u011fer taraftan Brent petrol\u00fcn 110 dolar \u00fczerinde s\u0131k\u0131\u015fmas\u0131 rafineri marjlar\u0131 i\u00e7in olumlu bir tablo \u00e7iziyor. Y\u00f6netimin 2026 marj hedeflerinin olduk\u00e7a muhafazakar g\u00f6r\u00fcnd\u00fc\u011f\u00fcn\u00fc zaten yat\u0131r\u0131mc\u0131 sunumu analizimde belirtmi\u015ftim. Mevcut petrol fiyatlar\u0131 ve crack marjlar\u0131yla bu rakamlar fazlas\u0131yla a\u015f\u0131labilir.  \u0130lk \u00e7eyrek bilan\u00e7osunda H\u00fcrm\u00fcz krizinin tam etkisini g\u00f6rmeyece\u011fiz \u00e7\u00fcnk\u00fc kriz \u015fubat sonunda ba\u015flad\u0131. As\u0131l sonu\u00e7lar ikinci \u00e7eyrek bilan\u00e7osunda olacak.<\/p>\n\n\n\n<p><strong>GLYHO<\/strong><\/p>\n\n\n\n<p>Global Yat\u0131r\u0131m Holding nisan ay\u0131nda benim de ekleme yapt\u0131\u011f\u0131m hisselerden biri oldu ve hisse fiyat\u0131 taraf\u0131nda g\u00fczel bir performans sergiledi. Mart 2026 yolcu istatistikleri a\u00e7\u0131kland\u0131. konsolide gemi say\u0131s\u0131nda %16, yolcu hareketlerinde %20 y\u0131ll\u0131k art\u0131\u015f var. Y\u0131la agresif ba\u015flang\u0131\u00e7 s\u00fcr\u00fcyor.<\/p>\n\n\n\n<p>Acapulco Liman\u0131&#8217;n\u0131n 24 y\u0131ll\u0131k imtiyaz anla\u015fmas\u0131n\u0131n resmi KAP duyurusu nisanda geldi. ASIPONA taraf\u0131ndan in\u015fa edilecek 350 metre uzunlu\u011fundaki yeni r\u0131ht\u0131m\u0131n 2027 ilk \u00e7eyre\u011finde devreye al\u0131nmas\u0131 planlan\u0131yor. Buras\u0131 Pasifik taraf\u0131na \u00f6nemli bir kale olacak. Antigua terminal yat\u0131r\u0131m\u0131n\u0131n haziran 2026&#8217;da tamamlanma plan\u0131, Las Palmas yeni terminalinin nisan ba\u015f\u0131nda hizmete girmesi ve Bodrum&#8217;daki paym\u0131z\u0131n %90&#8217;a \u00e7\u0131kmas\u0131 zaten devam eden pozitif kataliz\u00f6rler.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1020\" height=\"523\" src=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-04-20-125537.png?resize=1020%2C523&#038;ssl=1\" alt=\"\" class=\"wp-image-3632\" srcset=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-04-20-125537.png?w=1020&amp;ssl=1 1020w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-04-20-125537.png?resize=300%2C154&amp;ssl=1 300w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-04-20-125537.png?resize=768%2C394&amp;ssl=1 768w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-04-20-125537.png?resize=600%2C308&amp;ssl=1 600w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" data-recalc-dims=\"1\" \/><\/figure>\n\n\n\n<p>Sava\u015f ortam\u0131n\u0131n Do\u011fu Akdeniz kruvaziyer trafi\u011fine etkisi en kritik takip noktas\u0131. Nisan ay\u0131ndaki geli\u015fmeler \u0131\u015f\u0131\u011f\u0131nda 2026 Akdeniz sezonu i\u00e7in baz\u0131 rotalar\u0131n yeniden \u00e7izilmesi g\u00fcndeme gelebilir. Yine de Karayipler, Atlantik ve Asya&#8217;daki \u00e7e\u015fitlendirilmi\u015f portf\u00f6y bu riski belli \u00f6l\u00e7\u00fcde tamponluyor.<\/p>\n\n\n\n<p>\u015eirket nisan ay\u0131nda geri al\u0131m program\u0131n\u0131 s\u00fcrd\u00fcrd\u00fc. Y\u00f6netim kurulu ba\u015fkan\u0131 Mehmet Kutman&#8217;\u0131n da ki\u015fisel al\u0131mlar\u0131 devam ediyor.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.patreon.com\/posts\/global-yatirim-156070068?utm_medium=clipboard_copy&amp;utm_source=copyLink&amp;utm_campaign=postshare_creator&amp;utm_content=join_link\">https:\/\/www.patreon.com\/posts\/global-yatirim-156070068?utm_medium=clipboard_copy&amp;utm_source=copyLink&amp;utm_campaign=postshare_creator&amp;utm_content=join_link<\/a><\/p>\n\n\n\n<p><strong>ANSGR<\/strong><\/p>\n\n\n\n<p>Anadolu Sigorta i\u00e7in 2 y\u0131ll\u0131k tahvil faizinin %37,8 seviyesinden ay i\u00e7inde kademeli olarak %41 seviyelerine \u00e7\u0131kmas\u0131 defterdeki tahvil portf\u00f6y\u00fc i\u00e7in olumsuz bir geli\u015fme.  Bununla birlikte son bilan\u00e7oda tahvil a\u011f\u0131rl\u0131\u011f\u0131n\u0131n b\u00fcy\u00fck \u00f6l\u00e7\u00fcde azald\u0131\u011f\u0131n\u0131 g\u00f6rd\u00fck. \u015eirket daha fazla k\u0131sa vadeli yat\u0131r\u0131m ara\u00e7lar\u0131na y\u00f6nelmi\u015f durumda. Hisse ba\u015f\u0131na 1,17 TL temett\u00fc \u00f6demesi hesaplara ula\u015ft\u0131. Y\u00fcksek faiz ortam\u0131 sigorta \u015firketlerinin teknik olmayan gelirini desteklemeye devam ediyor. Sava\u015f ortam\u0131na ra\u011fmen finans kesimindeki bu durulma dezenflasyon hikayesinin kademeli olarak tekrar fiyatland\u0131\u011f\u0131n\u0131 g\u00f6steriyor. \u015eirketin g\u00fcncel portf\u00f6y de\u011feri 83 milyara yak\u0131n fakat piyasa de\u011feri hala 60 milyar\u0131n alt\u0131nda seyrediyor.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"965\" height=\"833\" src=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-112941.png?resize=965%2C833&#038;ssl=1\" alt=\"\" class=\"wp-image-3633\" srcset=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-112941.png?w=965&amp;ssl=1 965w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-112941.png?resize=300%2C259&amp;ssl=1 300w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-112941.png?resize=768%2C663&amp;ssl=1 768w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-112941.png?resize=600%2C518&amp;ssl=1 600w\" sizes=\"auto, (max-width: 965px) 100vw, 965px\" data-recalc-dims=\"1\" \/><\/figure>\n\n\n\n<p><strong>TRGYO<\/strong><\/p>\n\n\n\n<p>Torunlar GYO endeks toparlanmas\u0131yla birlikte nisan ay\u0131nda pozitif ayr\u0131\u015ft\u0131. Forum Mersin ve Forum Kayseri sat\u0131n almalar\u0131n\u0131n kira geliri katk\u0131s\u0131 2026 boyunca artarak devam edecek. GYO&#8217;lar i\u00e7in faiz indirim d\u00f6ng\u00fcs\u00fcn\u00fcn duraklat\u0131lm\u0131\u015f olmas\u0131 k\u0131sa vadeli olumsuz unsur. Ancak kira geliri kanal\u0131n\u0131n g\u00fc\u00e7l\u00fc oldu\u011fu \u015firketler bu s\u00fcre\u00e7te pozitif ayr\u0131\u015facakt\u0131r. \u015eirketin 5 y\u0131ll\u0131k net nakit yarat\u0131m plan\u0131 (yakla\u015f\u0131k 64 milyar TL temett\u00fc, 2030&#8217;da 88 milyar TL net nakit hedefi) yat\u0131r\u0131m tezimin \u00e7ekirde\u011fini olu\u015fturuyor.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"738\" src=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/image-3.webp?resize=1024%2C738&#038;ssl=1\" alt=\"\" class=\"wp-image-3634\" srcset=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/image-3.webp?resize=1024%2C738&amp;ssl=1 1024w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/image-3.webp?resize=300%2C216&amp;ssl=1 300w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/image-3.webp?resize=768%2C554&amp;ssl=1 768w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/image-3.webp?resize=600%2C432&amp;ssl=1 600w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/image-3.webp?w=1336&amp;ssl=1 1336w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" data-recalc-dims=\"1\" \/><\/figure>\n\n\n\n<p><strong>KLKIM<\/strong><\/p>\n\n\n\n<p>Kalekim&#8217;de 2026 reel sat\u0131\u015f b\u00fcy\u00fcmesi ve %20-25 FAV\u00d6K marj\u0131 band\u0131 y\u00f6netim hedefi olarak korunuyor. \u015eirket 8 May\u0131s&#8217;ta 0,55 TL net temett\u00fc da\u011f\u0131tacak.Faiz indirim d\u00f6ng\u00fcs\u00fcn\u00fcn duraksamas\u0131 in\u015faat sekt\u00f6r\u00fc i\u00e7in olumsuz olsa da ge\u00e7ici bir r\u00fczgar. 2 milyar TL \u00fczeri net nakit pozisyonu ile \u015firket konjonkt\u00fcrel bask\u0131lar\u0131 rahatl\u0131kla g\u00f6\u011f\u00fcsleyebilir. \u0130lk \u00e7eyrek bilan\u00e7osunda in\u015faat segmentinin nas\u0131l sergilenirken takipteyim.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"319\" src=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/image-4.webp?resize=1024%2C319&#038;ssl=1\" alt=\"\" class=\"wp-image-3635\" srcset=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/image-4.webp?resize=1024%2C319&amp;ssl=1 1024w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/image-4.webp?resize=300%2C93&amp;ssl=1 300w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/image-4.webp?resize=768%2C239&amp;ssl=1 768w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/image-4.webp?resize=600%2C187&amp;ssl=1 600w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/image-4.webp?w=1169&amp;ssl=1 1169w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" data-recalc-dims=\"1\" \/><\/figure>\n\n\n\n<p><strong>TATGD<\/strong><\/p>\n\n\n\n<p>Tat G\u0131da i\u00e7in ilk \u00e7eyrek bilan\u00e7osu \u00f6n\u00fcm\u00fczdeki g\u00fcnlerde geliyor. Ge\u00e7en sene son \u00e7eyrek sonras\u0131nda verilen g\u00fc\u00e7l\u00fc beklentilerin teyit edilip edilmedi\u011fini g\u00f6rece\u011fiz. G\u0131da sekt\u00f6r\u00fcnde enflasyon ortam\u0131 fiyatlama g\u00fcc\u00fcn\u00fc desteklemeye devam ediyor. Sal\u00e7a segmentindeki konsolidasyon ve ihracat kanallar\u0131n\u0131n g\u00fc\u00e7lendirilmesi \u015firketin orta vadeli temas\u0131n\u0131n ana motorlar\u0131.<\/p>\n\n\n\n<p><strong>CVKMD<\/strong><\/p>\n\n\n\n<p>CVK Madencilik i\u00e7in en \u00f6nemli geli\u015fme 3 Nisan&#8217;da ger\u00e7ekle\u015fen ilk konsantre cevher sat\u0131\u015f\u0131 oldu. Trafigura ile yap\u0131lan off-take anla\u015fmas\u0131 kapsam\u0131nda \u00fcretim ticari d\u00f6ng\u00fcye girdi. 18 \u015eubat&#8217;ta ba\u015flayan deneme \u00fcretiminden konsantre sat\u0131\u015f\u0131na ge\u00e7ilmesi 6 hafta gibi k\u0131sa bir s\u00fcrede ger\u00e7ekle\u015fti. \u00dcretim taraf\u0131n\u0131n istikrarl\u0131 i\u015flemesi durumunda 2026 ikinci \u00e7eyre\u011finden itibaren operasyonel kar ivmelenmesini g\u00f6rmeye ba\u015flayabiliriz. Sar\u0131alan&#8217;daki kapasite art\u0131r\u0131m\u0131 ve TV Tower-Yenipazar projelerindeki ilerleme orta vadeli takip listemde.<\/p>\n\n\n\n<p><strong>Eurobond Portf\u00f6y\u00fc<\/strong><\/p>\n\n\n\n<p>Eurobond portf\u00f6y\u00fcnde nisan ay\u0131nda pozisyon de\u011fi\u015fikli\u011fi yapmad\u0131m. Bu ay yakla\u015f\u0131k 190 dolar kupon geliri elde ettim. T\u00fcrkiye&#8217;nin 5 y\u0131ll\u0131k CDS&#8217;i 243 baz puana kadar geriledi. Eurobond spreadlerinde paralel bir rahatlama g\u00f6r\u00fcyoruz. Kuponlar\u0131 halihaz\u0131rda nakit olarak biriktirmeye devam ediyorum. <\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"883\" height=\"285\" src=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-104444.png?resize=883%2C285&#038;ssl=1\" alt=\"\" class=\"wp-image-3630\" srcset=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-104444.png?w=883&amp;ssl=1 883w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-104444.png?resize=300%2C97&amp;ssl=1 300w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-104444.png?resize=768%2C248&amp;ssl=1 768w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-104444.png?resize=600%2C194&amp;ssl=1 600w\" sizes=\"auto, (max-width: 883px) 100vw, 883px\" data-recalc-dims=\"1\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"545\" src=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/HHc5lUlWgAAvr31.jpg?resize=1024%2C545&#038;ssl=1\" alt=\"\" class=\"wp-image-3636\" srcset=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/HHc5lUlWgAAvr31.jpg?resize=1024%2C545&amp;ssl=1 1024w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/HHc5lUlWgAAvr31.jpg?resize=300%2C160&amp;ssl=1 300w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/HHc5lUlWgAAvr31.jpg?resize=768%2C409&amp;ssl=1 768w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/HHc5lUlWgAAvr31.jpg?resize=600%2C319&amp;ssl=1 600w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/HHc5lUlWgAAvr31.jpg?w=1349&amp;ssl=1 1349w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" data-recalc-dims=\"1\" \/><\/figure>\n\n\n\n<p><strong>ABD Portf\u00f6y\u00fc<\/strong><\/p>\n\n\n\n<p>ABD taraf\u0131nda bu ay da d\u00fczenli VOO al\u0131m\u0131na devam ettim. S&amp;P 500&#8217;\u00fcn sava\u015f riskine ra\u011fmen g\u00f6receli diren\u00e7 g\u00f6stermesi olumlu. ABD taraf\u0131ndaki risk i\u015ftah\u0131 yapay zeka temas\u0131 ve teknoloji \u015firketlerinin g\u00fc\u00e7l\u00fc bilan\u00e7olar\u0131yla canl\u0131 kalmaya devam ediyor. Y\u0131l i\u00e7inde Fed&#8217;in faiz indirimi yapma penceresinin daralm\u0131\u015f olmas\u0131 de\u011ferlemeleri zorlasa da uzun vadeli bir yat\u0131r\u0131mc\u0131 olarak VOO al\u0131mlar\u0131ma devam ediyorum.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"395\" height=\"155\" src=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-113331.png?resize=395%2C155&#038;ssl=1\" alt=\"\" class=\"wp-image-3637\" srcset=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-113331.png?w=395&amp;ssl=1 395w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-113331.png?resize=300%2C118&amp;ssl=1 300w\" sizes=\"auto, (max-width: 395px) 100vw, 395px\" data-recalc-dims=\"1\" \/><\/figure><\/div>\n\n\n<p>Toparlayacak olursam,<\/p>\n\n\n\n<p>BIST 100&#8217;\u00fcn TL baz\u0131nda %12 kazand\u0131\u011f\u0131 nisan ay\u0131nda toplam portf\u00f6y\u00fcm yakla\u015f\u0131k %6.61 de\u011fer kazand\u0131. Dolar baz\u0131nda getiri ise %4.98 oldu. Mart ay\u0131ndaki sert sat\u0131\u015flar\u0131n ard\u0131ndan ate\u015fkes ihtimalinin g\u00fc\u00e7lenmesi ve yabanc\u0131 yat\u0131r\u0131mc\u0131n\u0131n giri\u015fi sayesinde ufak bir ralli g\u00f6rsek de bu ralli tabana yay\u0131lmad\u0131.  Altta jeopolitik belirsizlik ve enflasyon kaynakl\u0131 bask\u0131lar s\u00fcr\u00fcyor.<\/p>\n\n\n\n<p>A\u015fa\u011f\u0131da TL ve d\u00f6viz bazl\u0131 finansal \u00f6zg\u00fcrl\u00fck yolculu\u011fumun bir \u00f6zetini g\u00f6r\u00fcyorsunuz. Mavi \u00e7izgi TL, k\u0131rm\u0131z\u0131 \u00e7izgi ise d\u00f6viz baz\u0131nda seyri g\u00f6steriyor.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"737\" src=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-114100.png?resize=1024%2C737&#038;ssl=1\" alt=\"\" class=\"wp-image-3639\" srcset=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-114100.png?resize=1024%2C737&amp;ssl=1 1024w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-114100.png?resize=300%2C216&amp;ssl=1 300w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-114100.png?resize=768%2C553&amp;ssl=1 768w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-114100.png?resize=600%2C432&amp;ssl=1 600w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Ekran-goruntusu-2026-05-04-114100.png?w=1071&amp;ssl=1 1071w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" data-recalc-dims=\"1\" \/><\/figure>\n\n\n\n<p><br>Bu t\u00fcr d\u00f6nemler bir \u015feyi \u00f6\u011fretiyor. Krizler, so\u011fukkanl\u0131 kalan ve uzun vadeli plana sad\u0131k kalan yat\u0131r\u0131mc\u0131y\u0131 \u00f6d\u00fcllendiriyor. Portf\u00f6y\u00fcmdeki \u015firketlerin b\u00fcy\u00fck \u00e7o\u011funlu\u011fu g\u00fc\u00e7l\u00fc bilan\u00e7olara, rekabet avantajlar\u0131na ve y\u00f6netim kalitesine sahip. Volatiliteye tak\u0131lmadan yoluma devam ediyorum.<br><br>Okudu\u011funuz i\u00e7in te\u015fekk\u00fcr ederim.<br><br>Bay Tutumlu<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Herkese selamlar. Yeni bir ay\u0131n daha sonuna geldik. Finansal \u00f6zg\u00fcrl\u00fck yolculu\u011funa ba\u015flayal\u0131 tam 94 ay, hedefime ula\u015fal\u0131 ise 31 ay ge\u00e7mi\u015f. Nisan ay\u0131n\u0131 tek kelimeyle&#8230;<\/p>\n","protected":false},"author":2,"featured_media":3640,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[34],"tags":[46],"class_list":["post-3624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-portfoy","tag-portfoy-durumu","entry","double"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/05\/Gemini_Generated_Image_g2psr1g2psr1g2ps-scaled.png?fit=2560%2C1396&ssl=1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/baytutumlu.com\/index.php\/wp-json\/wp\/v2\/posts\/3624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/baytutumlu.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/baytutumlu.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/baytutumlu.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/baytutumlu.com\/index.php\/wp-json\/wp\/v2\/comments?post=3624"}],"version-history":[{"count":2,"href":"https:\/\/baytutumlu.com\/index.php\/wp-json\/wp\/v2\/posts\/3624\/revisions"}],"predecessor-version":[{"id":3641,"href":"https:\/\/baytutumlu.com\/index.php\/wp-json\/wp\/v2\/posts\/3624\/revisions\/3641"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/baytutumlu.com\/index.php\/wp-json\/wp\/v2\/media\/3640"}],"wp:attachment":[{"href":"https:\/\/baytutumlu.com\/index.php\/wp-json\/wp\/v2\/media?parent=3624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/baytutumlu.com\/index.php\/wp-json\/wp\/v2\/categories?post=3624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/baytutumlu.com\/index.php\/wp-json\/wp\/v2\/tags?post=3624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}