M* forums have this kind of thread every month. It is quite vibrant as most of them who in that thread are traders who relies on both fundamental as well as T&A for their short term trades.
We used to have one by Scott earlier but he would have lost interest due to lack of participation or whatever.
In general, most of us invest mainly in funds, we may not have much to share on a daily/weekly/monthly basis, nevertheless, I am string it as Markets have become volatile again and many of us might have done some changes.
Please post here your buys/sales and reasons, if you can share.
Thanks!
Comments
Here is what I did today.
Bought a small amount CEF(a CEF), and bought MSMLX with initial minimum.
CEF is more of a speculation/trade. We were talking about EM being cheap even before this downturn, so it must be even cheaper now. Thinking of eliminating MAPIX (a very good fund), and slowly increase MSMLX as volatile funds are better when the trend reverses. I might loose much more before it reverses but ready to face it. Moreover, I already have SFGIX, though not an apple-to-apple comparison with MAPIX.
With recent sales (PAUDX, VTIPX, PONDX, MAINX, HSFNX, etc), I am at 19% cash now.
Pondering over where to invest that money.
Hold 70% in my core funds; Some of them are held since 2005/06.
I am still with my asset allocation model. Recently, I reduced income by 5% form 30% to 25% and raised my equity allocation form 40% to 45%. Cash remains at 20% and alternative at 10%. Although, I am somewhat near these targets I still have a ways to go to get to my 45% equity target. I am awaiting more than a dip (up to a 5% reduction) to do some equity buying. For me a dip is up to a 5% reduction, a pull back is a 5% to 10% reduction, a down draft is 10% to 15% reduction and a correction is 15% to 20% reduction and more than a 20% reduction would be classified a recession.
I am looking for a pull back in the S&P 500 Index to around 1625 before I do any major buying. I put full year 2013 earnings (TTM) for the Index at about $108.50. And, at 1625 this equates to a P/E Ratio of about 15.
oops typo, 32/68, thanks for letting me know
Brought down MAPIX to a foothold as it is a closed now. Nothing against the fund. Just trying to realign EM allocation.
Eliminated AEMGX, my best performing fund ever as I invested in March 2009. Eliminated it as I have too many funds in EM space, though I still like it for EM Diversified space. Would like to invest in Grandeur's EM fund whenever it comes, as it would nicely cover EM smallcap space.
Bought ARTKX in Roth IRA account. I could buy it at TDA as I already hold it in my taxable a/c.
My 401k rollover triggered the review of my entire portfolio and resulted in this hectic activity. I still hold about 15% of cash.