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I do not see any green across any of my risk asset watch lists. Good timing on your recent selling.
Are you done selling or more risk off to go?
What percentage of portfolio are you targeting for low to no risk (fixed income + MM + cash) with all the selling? “Low risk” is a personal criteria and is not meant to be measured and evaluated by others. Apologies if you already shared, if you are comfortable, pl share your age as IMO portfolio stories must be read in context.
The timing just felt helpless, so to speak, meaning things rocketing up for no good or even good reason, really. One might think my orange-menace hatred would modulate.
I will be back buying JQUA and TCAF at some point, I am sure. Combined they make it unnecessary to add QLTY, it appears.
I am done selling for now. The remaining bond funds are all significantly underwater. I am increasingly risk-averse at 77, sure --- we have enough to make it the next decade and more, even in Massachusetts --- but with grandchildren, I hear the greed call sometimes, and we also want to leave moneys to their parents as feasible. (I also have this newly rich friend who asked me for advice, so I have been rethinking many things; mentioned a few posts back.)
So I am now probably 85% in ~4.5% mm funds at the moment plus the several bond funds underwater for years now. Maybe more than 85%. (The bond funds represent a dumbass decision, although I did lots of study at the time, read smarties here and elsewhere, felt that interest factors were already baked in, blah blah.)
One droll thing that happened, not that you asked, is that 3-4 individual stocks, bought on rando tips here and from plutocrat friends (and again I researched, and so they dove soon after I bought them, natch), just went significantly above breakeven the last month; and therefore I sold them too.
FMSDX turned out not to do quite what I had expected ('a good idea until not', as the quip goes), and so I was waiting for it to get significantly above breakeven, and it did, and out it went. I woulda done better w oldies FBALX and FPURX. Or even as well, sometimes better, in AOR and AOA.
QLTY is too focused (not diversified enough) so it can make idiosyncratic price moves. I would recommend SPHQ to anyone exploring Large Quality factor. I happen to own both.
In the IRA: Flipped FDVV for DGRW. I think I have enough Fidelity stock-picking mojo between FMILX and FDSVX. DGRW has under-performed recently but is roughly equal over the last 3 and 5 year periods with lower volatility.
Flipped XMHQ for BIAVX. XMHQ has been too much fun for the IRA. I continue to hold XMHQ in the taxable. Here is the strategy for BIAVX:
The Fund seeks to invest in companies at discounts to their business value, which the managers consider to be the present value of sustainable free cash flow. To identify these investment opportunities, the portfolio managers employ a disciplined, bottom-up investment process highlighted by rigorous, internally generated fundamental research. Accordingly, the portfolio managers only make investments when the managers believe that there is a sufficient discount to business value to mitigate the loss of capital in the event of adverse circumstances.
Sold FBALX. Duration was too long, and it's too volatile for me. I have enough Fidelity stock picking to suit me. PRWCX is the one allocation fund to rule them all in my portfolio.
Bought FFRHX. Over the last five years it has done a lot better than all those steady Eddy intermediate core funds we're supposed to own.
Sold GLIFX. Nice fund, but since I'm trying to consolidate it seems like an easy one to do without. Proceeds will be divided between FSUTX and IYK.
In the taxable: I put down markers in FIW, AIRR, PAVE, and GRID. There was a lot less overlap between the last three than I expected.
I have plenty of dry powder in the taxable for future buying opportunities.
@WABAC: not sure what putting down markers means. I have marked my territory in AIRR and PAVE, but I no longer own FIW. I think you have done OK in GRID, IIRC.
Hi @BenWP. A marker for me is a little bit I put down in the taxable to remind me to put down a little more when the price is right.
I still hold GRID and FIW in the IRA, and will probably hold on as long as possible. I have always regretted that I didn't buy them for the taxable at the same time. Of course I'm paying a premium now over what I paid in July 2022, or even November 2021.
They say we shouldn't invest based on politics. It seems to me small bets placed on energy infrastructure, infrastructure, and re-shoring were reasonable bets regardless of who won. I think water will be a reliable long-term bet at least.
I probably will regret but I sold out of FNMA. I have been watching a lot of Trump trades reversing in their post election price bumps and this turned down today for the first time in a week.
@BaluBalu ….it stabilized a bit this afternoon. It spiked up to be my third largest individual holding yesterday, but I’ll continue to watch and wait. Some folks with deep pockets close to Trump have a boatload…Ackman specifically.
@BaluBalu ….it stabilized a bit this afternoon. It spiked up to be my third largest individual holding yesterday, but I’ll continue to watch and wait. Some folks with deep pockets close to Trump have a boatload…Ackman specifically.
I had updated my previous post but then saw your post. So, I am posting my update here.
Near the close, I bought back 50% of what I sold. Bought back at a higher price than I sold at. Talk about FOMO!
Unlike you, I did not buy much because I did not see anyone in this forum buying- lack of confirmation! Now that you mention, I do remember many of Trump friends buying months before the election. Interestingly, a lot of Trump faithful in this forum are very conservatively positioned on the risk spectrum. I guess people who are making money are making it quietly while the rest are caught up in election related noise.
Comments
Are you done selling or more risk off to go?
What percentage of portfolio are you targeting for low to no risk (fixed income + MM + cash) with all the selling? “Low risk” is a personal criteria and is not meant to be measured and evaluated by others. Apologies if you already shared, if you are comfortable, pl share your age as IMO portfolio stories must be read in context.
The timing just felt helpless, so to speak, meaning things rocketing up for no good or even good reason, really. One might think my orange-menace hatred would modulate.
I will be back buying JQUA and TCAF at some point, I am sure. Combined they make it unnecessary to add QLTY, it appears.
I am done selling for now. The remaining bond funds are all significantly underwater. I am increasingly risk-averse at 77, sure --- we have enough to make it the next decade and more, even in Massachusetts --- but with grandchildren, I hear the greed call sometimes, and we also want to leave moneys to their parents as feasible. (I also have this newly rich friend who asked me for advice, so I have been rethinking many things; mentioned a few posts back.)
So I am now probably 85% in ~4.5% mm funds at the moment plus the several bond funds underwater for years now. Maybe more than 85%. (The bond funds represent a dumbass decision, although I did lots of study at the time, read smarties here and elsewhere, felt that interest factors were already baked in, blah blah.)
One droll thing that happened, not that you asked, is that 3-4 individual stocks, bought on rando tips here and from plutocrat friends (and again I researched, and so they dove soon after I bought them, natch), just went significantly above breakeven the last month; and therefore I sold them too.
FMSDX turned out not to do quite what I had expected ('a good idea until not', as the quip goes), and so I was waiting for it to get significantly above breakeven, and it did, and out it went. I woulda done better w oldies FBALX and FPURX. Or even as well, sometimes better, in AOR and AOA.
QLTY is too focused (not diversified enough) so it can make idiosyncratic price moves. I would recommend SPHQ to anyone exploring Large Quality factor. I happen to own both.
it certainly had quite the summer
Flipped XMHQ for BIAVX. XMHQ has been too much fun for the IRA. I continue to hold XMHQ in the taxable. Here is the strategy for BIAVX: Sold FBALX. Duration was too long, and it's too volatile for me. I have enough Fidelity stock picking to suit me. PRWCX is the one allocation fund to rule them all in my portfolio.
Bought FFRHX. Over the last five years it has done a lot better than all those steady Eddy intermediate core funds we're supposed to own.
Sold GLIFX. Nice fund, but since I'm trying to consolidate it seems like an easy one to do without. Proceeds will be divided between FSUTX and IYK.
In the taxable: I put down markers in FIW, AIRR, PAVE, and GRID. There was a lot less overlap between the last three than I expected.
I have plenty of dry powder in the taxable for future buying opportunities.
I still hold GRID and FIW in the IRA, and will probably hold on as long as possible. I have always regretted that I didn't buy them for the taxable at the same time. Of course I'm paying a premium now over what I paid in July 2022, or even November 2021.
They say we shouldn't invest based on politics. It seems to me small bets placed on energy infrastructure, infrastructure, and re-shoring were reasonable bets regardless of who won. I think water will be a reliable long-term bet at least.
You must be very happy with AIRR these days.
Near the close, I bought back 50% of what I sold. Bought back at a higher price than I sold at. Talk about FOMO!
Unlike you, I did not buy much because I did not see anyone in this forum buying- lack of confirmation! Now that you mention, I do remember many of Trump friends buying months before the election. Interestingly, a lot of Trump faithful in this forum are very conservatively positioned on the risk spectrum. I guess people who are making money are making it quietly while the rest are caught up in election related noise.
Perhaps stale news but 13F filings would be out today or tomorrow.