A good week, almost a buy week. The sum of all the deviations has been 728, 499, and now 799 – still not up two weeks in a row.
The number of funds I rate as a buy over the last 3 weeks has been 61, 01, and now 02.
I continue to be invested in only 2 Fidelity funds waiting for what seems to be the end of this downturn. I am not ready to invest yet – maybe next week end.
With a US budget deficit of 3b per day, we are now accumulating 1T per year in additional debt. The head of the fed says he is not worried about the budget deficit or the national debt. Remember excessive debt cause the 08/09 market crash.
Jim Grant, editor of Grant’s Interest Rate Observer, was on MacroVoices 08Mar18. He points out that in the 5000 year history of the world, there have never been negative interest rates like the world had in 2016. Bonds are destined to move lower as interest rates move up. His favorite investment is gold and gold stocks.
Bill Miller was a guest on the 03Mar18 issue of The Investors Podcast. He is one of the greatest money managers ever. He is short bonds and continues to add to that position. He uses moving averages to validate his investment decision. He feels stocks will go up this year as long as interest rates only increase slowly. He thinks any market pull back is a buying opportunity.
IRA#1
Cash
IRA#2
SRetailing has a price of 145.96, a sell price 141.45, a rank of 06, and is a hold. (ETF – RTH – stopped out)
EmergingEuropeMiddleEastAfrica has a price of 11.10, a sell price 10.74, a rank of 13, and is a hold. (ETF – EMQQ – stopped out)
My mutual fund portfolio changes this weekend:
IRA #1 – None
IRA #2 – None
My mutual fund portfolio market exposure after this weekend’s changes:
IRA #1 – 00% invested
IRA #2 – 40% 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:
15.79 01-03 FSELX 123.88 SSemiconductors Yes
15.27 02-07 FSCSX 186.69 SSoftware&ITServices
14.98 03-06 FSPTX 201.84 STechnology
14.61 04-05 FSDCX 40.73 SCommunicationsEquipment
14.60 05-08 FSDAX 185.97 SDefense&Aerospace
14.56 06-17 FSRPX 145.96 SRetailing
13.93 07-09 FBSOX 60.58 SITServices
13.55 08-02 FSLBX 88.72 SBrokerageandInvestmentManagement
13.26 09-04 FCPGX 27.54 SmallCapGrowth
13.25 10-04 FOCPX 121.94 OTCPortfolio
12.61 11-09 FTQGX 25.06 FocusedStock
12.38 12-07 FCNTX 133.15 Contrafund
12.13 13-12 FEMEX 11.10 EmergingEuropeMiddleEastAfrica
12.04 14-13 FHKCX 38.53 ChinaReqion
12.00 15-07 FBGRX 96.08 BlueChipGrowth
11.88 16-01 FDCPX 96.72 SComputers
11.80 17-02 FNCMX 99.31 NasdaqCompositeIndex
11.36 18-01 FTRNX 106.51 Trend
11.36 19-01 FIVLX 9.90 InternationalValue
10.92 20-01 FSUIX 14.39 LargeCapGrowthIndex – Inv
Last week
12.54 01-07 FSDAX 181.22 SDefense&Aerospace
12.53 02-16 FSRPX 142.28 SRetailing
11.52 03-11 FEMEX 10.97 EmergingEuropeMiddleEastAfrica
11.05 04-02 FSELX 117.83 SSemiconductors Yes
11.05 05-05 FSPTX 193.40 STechnology
11.03 06-06 FSCSX 178.38 SSoftware&ITServices
10.90 07-04 FSDCX 39.11 SCommunicationsEquipment
10.72 08-08 FBSOX 58.44 SITServices
9.29 09-03 FCPGX 26.39 SmallCapGrowth
9.25 10-03 FOCPX 116.81 OTCPortfolio
9.24 11-01 FLGEX 19.85 LargeCapGrowthEnhancedIndex
8.73 12-06 FCNTX 127.99 Contrafund
8.69 13-06 FBGRX 92.66 BlueChipGrowth
8.48 14-12 FHKCX 37.07 ChinaReqion
8.30 15-09 FTQGX 23.94 FocusedStock
7.95 16-01 FNCMX 95.30 NasdaqCompositeIndex
7.79 17-08 FSCPX 43.30 SConsumerDiscretionary
7.77 18-01 FSLBX 83.60 SBrokerageandInvestmentManagement
7.65 19-02 FLATX 27.30 LatinAmerica
7.57 20-01 FEDDX 15.93 EmergingMarketsDiscovery
IRA#1 is currently invested in:
100% – CashReserves(FDRXX)(12Feb18) from SSemiconductors(FSELX)(26Dec17)
Jan17 1m+6% 3m+5% 6m+18% 12m+24% 24m+63% 36m+27% 60m+89% 120m+18%
Dec17 1m-1% 3m+7% 6m+18% 12m+18% 24m+46% 36m+28% 60m+92% 120m-5%
Average annual return since 1/82 11%
IRA#2 is currently invested in:
20% – CashReserves(FDRXX)(05Mar18) from SBrokerageandInvestmentManagement(FSLBX)(22Jan18)
20% – CashReserves(FDRXX)(12Feb18) from EmergingMarketsIndex – InvC(FPEMX)(24Jul17)
20% – CashReserves(FDRXX)(12Feb18) from SSemiconductors(FSELX)(26Dec17)
20% – EmergingEuropeMiddleEastAfrica(FEMEX)(29Jan18) from CashReserves(FDRXX)
20% – SRetailing(FSRPX)(16Jan18) from CashReserves(FDRXX)
Jan17 1m+3% 3m+4% 6m+9% 12m+15% 24m+33% 36m+26% 60m+36% 120m+44%
Dec17 1m-0% 3m+4% 6m+7% 12m+13% 24m+23% 36m+22% 60m+35% 120m+41%
Average annual return since 1/82 11%