So hurricane Irma has not killed the power at my house yet. It looks like Irma going up the west coast of Florida.
So I called Fidelity this morning since their list of this weekend’s distribution was wrong again. The representative said he would report it again for me. So the numbers have a potential of being adjusted but probably not a large change.
Each week I update my list of 100 funds with any better performing fund I am not following and dump the worst performing of the fund. This week I dumped Fidelity Select Banking Portfolio – FSRBX. Since the end of June, it has fallen 10%. Gary Kaltbaum has always claimed the market can not go up without the banks going up and will eventually go down. I listen to his show every evening, most often on the biztalkradio app.
I had previously mention that Jim Rohrback of Investment-Models.com was offering a free 2 month subscription to his timing letter. This week his two emails said remained invested in both the NYSE and Nasdaq.
My S&P500 investment is in RSP (S&P500 EqualWeighted) which has a price of 93.33, 50 day MA of 93.19, a 200 day MA of 90.46, and a 7% stop loss is 87.99.Fidelity has a fund, FUSEX, which follows the S&P500 index. It is currently ranked 70 on my list of best 100 funds. Not something to own. Fidelity also has a fund, FNCMX, which follows the Nasdaq index. It is currently ranked 53 on my list of best 100 funds. Not something to own. During a buy week when a fund I own is not one of the top 20 and I am fully invested, I will sell it and buy a top 20 fund. A good way to get rid of the “not bad enough to sell but not good enough to buy” funds.
My current investments:
IRA#1 and IRA#2 – STechnology has a price of 174.54, a sell price 166.96, a rank of 06, and is a hold. (ETF – CQQQ – current stoploss 52.12)
IRA#2
SComputers has a price of 88.75, a sell price 84.96, a rank of of 38, and is a hold for now. (ETF – PSI – stopped out 6/12 11% gain)
OTCPortfolio has a price of 107.03, a sell price 102.80, a rank of 20, and is a hold. (ETF – MTUM – stoploss 87.02)
EmergingMarketsIndex – IC has a price of 10.89, a sell price 10.35, and a rank of 02. (ETF – EEMO – stoploss 18.80)
SBiotechnology – has a price of 228.50, a sell price 217.08, a rank of 03, and is a hold. (ETF – SBIO – stoploss TBD)
My portfolio changes this weekend:
IRA #1 – None
IRA #2 – None
My portfolio market exposure after this weekend’s changes:
IRA #1 – 100% invested
IRA #2 – 100% invested
The top 20 (out of 100+ I follow) Fidelity funds (percent deviation, rank & weeks on top 20 list, fund symbol, fund price, fund name, and %dev increasing last 2 weeks).
This week:
15.69 01-05 FLATX 26.03 LatinAmerica
13.76 02-10 FPEMX 10.89 EmergingMarketsIndex – IC
13.75 03-03 FBIOX 228.50 SBiotechnology
13.70 04-23 FEMKX 30.97 EmergingMarkets
13.26 05-18 FHKCX 32.51 ChinaReqion
12.35 06-33 FSPTX 174.54 STechnology
11.65 07-16 FSEAX 41.21 EmergingAsia
11.06 08-09 FISMX 29.08 InternationalSmallCap
10.53 09-03 FFGCX 12.10 GlobalCommodityStock Yes
10.40 10-04 FEDDX 14.92 EmergingMarketsDiscovery
10.33 11-09 FPBFX 33.45 PacificBasin
10.08 12-20 FDSVX 31.47 Growth Discovery
9.88 13-04 FIVFX 20.54 InternationalCapApp Yes
9.81 14-07 FIGRX 45.71 InternationalDiscovery
9.66 15-08 FTIEX 9.14 TotalInternationalEquity
9.60 16-01 FSCOX 18.26 InternationalSmallCapOpportunities Yes
9.50 17-07 FIREX 11.39 InternationalRealEstate Yes
9.30 18-07 FSDAX 152.81 SDefense&Aerospace
9.14 19-01 FSAGX 22.67 SGold
9.05 20-11 FOCPX 107.03 OTCPortfolio
Last week:
14.62 01-17 FHKCX 32.67 ChinaReqion
14.49 02-09 FPEMX 10.88 EmergingMarketsIndex – IC
14.46 03-02 FBIOX 228.26 SBiotechnology Yes
13.87 04-32 FSPTX 175.75 STechnology Yes
12.37 05-15 FSEAX 41.22 EmergingAsia
11.82 06-04 FLATX 24.95 LatinAmerica
11.24 07-22 FEMKX 30.08 EmergingMarkets
11.11 08-06 FSDAX 154.58 SDefense&Aerospace Yes
10.78 09-10 FOCPX 108.21 OTCPortfolio Yes
10.74 10-19 FDSVX 31.49 Growth Discovery Yes
10.33 11-08 FISMX 28.72 InternationalSmallCap
10.27 12-08 FPBFX 33.25 PacificBasin
9.95 13-02 FFGCX 11.97 GlobalCommodityStock Yes
9.74 14-03 FEDDX 14.75 EmergingMarketsDiscovery
9.38 15-01 FSCSX 158.15 SSoftware&ITServices Yes
9.28 16-01 FBGRX 84.74 BlueChipGrowth Yes
9.26 17-07 FTIEX 9.06 TotalInternationalEquity
9.11 18-03 FIVFX 20.29 InternationalCapApp Yes
8.99 19-06 FIREX 11.28 InternationalRealEstate Yes
8.90 20-06 FIGRX 45.10 InternationalDiscovery
IRA#1 is currently invested in:
100% – STechnology(FSPTX)(01May17) from CashReserves(FDRXX)
Jul17 1m+5% 3m+8% 6m+5% 12m+6% 24m+7% 36m+17% 60m+81% 120m-18%
Jun17 1m-2% 3m+3% 6m+0% 12m+7% 24m-4% 36m+9% 60m+71% 120m-11%
Average annual return since 1/82 11%
IRA#2 is currently invested in:
20% – SBiotechnology(FBIOX)(05Sep17) from CashResrves(FDRXX)
20% – EmergingMarketsIndex – IC(FPEMX)(24Jul17) from CashResrves(FDRXX)
20% – OTCPortfolio(FOCPX)(15May17) from CashReserves(FDRXX)
20% – STechnology(FSPTX)(01May17) from CashReserves(FDRXX)
20% – SComputers(FDCPX)(13Feb17) from SNaturalGas(FSNGX)
Jul17 1m+1% 3m+2% 6m+5% 12m+5% 24m+7% 36m+16% 60m+25% 120m+22%
Jun17 1m-2% 3m+1% 6m+5% 12m+9% 24m+7% 36m+11% 60m+24% 120m+20%
Average annual return since 1/82 11%