All open positions continue to grind higher with some making new all time highs. HOLD.
I like our current exposure and diversification.
You will notice only two out of fourteen open positions are individual stocks with the rest in ETF’s. I prefer ETF’s over individual stocks at this time considering the US market is a bit frothy. Frothy can last for a long time though. Frothy is a technical term by the way. 馃檪
I would prefer to wait for a pullback before loading up on individual stocks. Remember, ETF’s are typically not as volatile as an individual stock can be as price action tends to be much smoother.
So far so good for what is typically the worst month for equity markets.
Interest rates keep falling, $US continues to weaken, gold is having a mini rally and equities keep getting bid up. Hmmm.
So, for now, I remain patient. I have many individual stocks I would like to buy, but I would like to buy them lower. I’m trying to curb my FOMO (Fear of Missing Out).
Any questions? Just email me.
Trade Smart,
Don