Thought it would be a good time to check in with folks on a couple of questions. Was curious how you are currently allocated in this market across different asset classes. Also what is at the top of your buy list for whenever this market does turn around?
For me, I'm currently about 30% equities and equity mutual funds and 70% short term government treasuries and cash. On my buy list are the following funds: GQEPX (large cap value), JENSX (large cap blend with emphasis on quality), BIAWX (large cap growth. Would love to hear what you are doing and thinking...
thanks
Michael
Comments
Soxl
Spxl
Tqqq
Moon if bottom occurred
Already dca past 3 4 wks
No more $$
Very aggressive portfolio
Need close watch every 20 30 mins - short term plays tradings
Did buy qqq voo iwm also med long term positions
What's on my buy list? If I did hold a cash stash, I'd buy POWW Ammo, Inc. and might jump into the Helsinki-based Nordea Bank ADR. NRDBY. But I'd wait for a pullback. It's on fire. I started a thread just lately about NRDBY. There's been thoughtful input from others, there. I'm still buying shares of ET in baby-sized bites when I can; it's hugely undervalued at the moment. It's a K-1 tax form Limited Partnership. Also, looking at GRIN. Grinrod Shipping out of Singapore. Funds? PRFDX TRP Equity Income. Defensive play right now, for the dividends.
Last March I sold out my wife's inheritance, which was mostly in a regional utility. She has hopes of buying a small house in a location cooler than Arizona. So we decided to invest 25% of her funds.
Her priorities were dividends and green investing as her "speculative" bet. And then some assets set aside to grow, i.e S&P 500, tech, and med tech. So this is what we agreed to:
The following is copied from the rough notes I have in a spread sheet. Good thing I'm not being graded for formatting.
20.00% Schwab US Dividend Equity ETF™ SCHD
10.00% VictoryShares US SmCp Hi Div Vol Wtd ETF CSB
8.00% Fidelity® Select Medical Tech and Devcs FSMEX
8.00% Fidelity® 500 Index FXAIX
5.00% Cambria Foreign Shareholder Yield ETF FYLD
5.00% GLFOX Lazard Global Infrastructure
5.00% WisdomTree Intl Hdgd Qual Div Gr ETF IHDG
5.00% SPDR® Russell 1000® Yield Focus ETF ONEY
5.00% Invesco High Yield Eq Div Achiev™ ETF PEY
5.00% Principal Real Estate Securities Inst PIREX
5.00% Invesco S&P 500® Eql Wt Cnsm Stapl ETF RHS
5.00% Invesco S&P 500® Equal Weight Utilts ETF RYU
2.00% FSCSX
2.00% TDV tech dividend
2.00% Columbia Seligman Global TECH
2.00% FTEC tech index
1.00% TAN Solar
1.00% First Trust Water ETF
1.00% First Trust NASDAQ® Cln Edge®Offsetting
1.00% iShares Global Clean Energy ETF
1.00% Invesco Global Clean Energy ETF
1.00% Invesco Global Water ETF
As you can see, I bought baskets to represent tech and "green." I see enough moving parts in those fields that I wanted to encompass a variety of theses. For the alt energy funds I specifically avoided those with large stakes in Tesla. And also avoided China as well as I could.
I have also been buying into beaten down funds in our IRA's, and my taxable account, whittling down our cash holdings. I tarried too long during the COVID debacle, so wanted to make a more muscular entry. Still plenty of cash for cushion, and for buying, if the autumn inflation and elections push markets another leg down; which would not surprise me in the least.
There's nothing in my wife's IRA, or my taxable, that hasn't previously been mentioned.
Individual stocks are just plain dangerous to me and I'm really not good at it, but I do like to play a little. I've held SNOW and ASML for a while and they are both still down around -25% since I bought (told you I wasn't good at it
Good luck to all. I'm thinking we are seeing that dead cat bounce again, but who knows.
In the small cap area I am also a fan of RWJ, which is revenue weighted S&P small cap fund. I have it in our IRA's for total return. I haven't added to it yet. But I'm thinking about it. I am also thinking of adding it to my taxable holdings, which are less focused on dividends than my wife's.
I rely heavily on MFO premium to do research on all funds. I also use etf.com as a quick look at the thesis, and holdings, of an etf. I enjoy researching the funds. So I don't mind sharing. It has been something of a warmup to writing up plan for my wife, children, and any others, to understand why it was put together the way it was.
With GLFOX. FIW, and a utility I always think of the railroads, Water Works, and The Electric Company in Monopoly. It gives me a silly amount of pleasure.
I have looked at PAVE in the past. But GLFOX has been such a pleasure to own I didn't feel the need. GRID seemed like an interesting bet even before the war in Ukraine disrupted energy markets. I like its international exposure given the way European summers have been trending.
If you ever find yourself thinking about trash, check out EVX. Not enough of a dividend for me though.
Sold the small ARKK holding purchased just 2 or 3 weeks ago at a 8-10%% gain. Up near 6% this morning. Added to Cash and BAMBX. Wanted to raise some dry power following recent market uptick. Selling Cathie’s fund won out over selling TCHP purchased about the same time. Tough choice. I like them both at these levels. In terms of positioning, ARKK occupied a seat in the “Speculative” sleeve whereas TCHP is in the more stable “Growth” sleeve.
@MikwW - My allocation isn’t easy to explain to others. I won’t even try except to say it’s a complex mix of about 15 funds and 5 stocks. Major areas are: Growth - currently 26%, Income - currently 20%, Alternatives - about 45% and the remainder - about 9% in a Spec Sleeve. Making it really confusing is that the Alternative sleeve contains about 30% in 3 stocks. (Go figure) The remaining 70% of the Alt sleeve is in 4 more traditional Alt funds. The small Spec sleeve has about 60% in a couple inverse funds that move opposite the markets. The remainder is in a precious metals (not mining) fund. About as much as I care to share. Like I said, it’s a confusing mishmash that I don’t think would serve as a good model for anyone else. If I had to guess at the % in equities, I’d guess maybe 40-45% give or take, depending on what the 4 alternative funds contain.
PS - A member recently posted an image of a “Rube Goldberg” invention and it closely resembled my allocation model.
You can't tell me you don't have a buck or two on the Bills !?
Go PackGo, Derf
@WABAC, thank for for sharing your wish list. MFO premium is very helpful to analyze the possible fund candidates.
Maybe will reach 360 or 340 next month (hope that is the last leg down )
Will slowly dca more in if sp500 @ 3400
https://stockcharts.com/h-sc/ui?s=SPY&p=D&b=5&g=0&id=p61200726936
You put your finger on part of the appeal of an ETF -- the ability to buy and sell throughout the day. You saw that ARKK was up about 6% and you could sell immediately and capture that. As it happened today, ARKK only dropped a little by the end of the day (which would have determined your selling price if it had been a mutual fund). But we've recently seen many days where the behavior in the morning gave no clue about the behavior at the close of the day.
So if you are considering buying or selling a mutual fund, it's probably best to wait until the end of the trading day to make your final decision. It's just the nature of the beast.
David
I’ve tracked ARKK quite a while and have observed that it moves up or down by 5-10% in a single day quite often. Same goes for one of its holdings, DKNG, which I’ve owned in the past. And 15-20% moves over 4 week stints have been common of late. These “innovative” stocks are incredible volatile.
Any accolades are undeserved. No joy in capturing a bit of upside. Just got to a point where my cash / income sleeve had gotten uncomfortably low. Seemed like a good time to reign in risk a bit. Good point on buying and selling mutual funds late in the day, particularly those invested in the more volatile stocks.
Gold
Silver maybe bottoming processed/consolidation
May get some and hold 2 4 yrs...
May not be at this price in 2 months
Not sure about oil
Why? I listened to an in-depth interview that day with an industry expert who explained the significant differences between ad revenues between the two, and how the about 5% drop in GOOGL that day was largely unwarranted. He made a convincing enough case that day to cause me to BUY, and his analysis seems to have been spot on, for the time being at least.