On Jim Lange’s podcast, #160 New Social Security Law Changes, he discusses what you need to do if you are eligible for Social Security before 01May16. At his web site, paytaxeslater.com, you can sign up for a free report on the Social Security Law changes. One of his comments was that if you need to take Social Security before full retirement age, you cannot retire.
I have not found any detailed news on FV and DWTR, but both these ETFs changed their portfolio recently. These ETFs are momentum managed ETFs which purchase other ETFs. Each of them eliminated a health related ETF and replaced it with a utility ETF. This is a move to more defensive investments. I’ve owned both and in both cases were stopped out.
For my latest 4 purchases for IRA#2 (which were sold last month) I also purchased corresponding ETFs in another portfolio. ETFs were sold with a stop loss of 7% below the highest daily close. The funds were sold any time the weekly close was 5% below a previous weekly close. All the investments lost money but the ETFs lost less.
SRetailing FSPRX lost 7.64%. ETF – XLY lost 2.72%.
SSoftware&ComputerServices FSCSX lost 9.85%. ETF – MTK lost 5.54%.
SConsumerDiscretionary FSCPX lost 11.07%. ETF – FDIS lost 8.51%.
STechnology FXPTX lost 12.29%. ETF – IGM lost 6.81%
IBD TBP’s Market Pulse is “Uptrend under pressure” as of 02/05/16. Not a time to buy. It lasted as an “Uptrend” for 7 days. not a sign of a bull market.
On Wednesday, the Federal Reserve Board (FRB) member Dudley expressed concern about the FRB’s plan to increase interest rates. Finguring perhaps the FRB may losen interest rates, the market went up modestly for two days and the decided to ignore his statements. The impact of the FRB is less and less.
My current investments:
IRA#1 and IRA#2
GovernmentCashReserves
My portfolio changes this weekend:
IRA #1 – None
IRA #2 – None
My portfolio market exposure after this weekend’s changes:
IRA #1 – 00% invested
IRA #2 – 00% invested