One of the more interesting podcast I have found is FollowTheMoneyWeekly – ftmdaily.com/ftm-radio-show/ on the net. Two weeks ago Jerry Robinson discussed the problems Saudi Arabia was having since their budget and spending is based on $100 oil. Their investment assets are being sold to support their spending. In the last 6 months up to $70b in assets have been sold and at the current rate will be broke in 2018. Last week he talked about the crisis in the Middle East.
IBD TBP’s Market Pulse is “Confirmed Uptrend” as of 10/02/15 – a time to buy. It has been 8 days since IBD said we are in an uptrend. In my ETF portfolios, I have invested according to the rules I’ve previously mentioned. This week I plan to invest in the mutual funds identified by numbers I keep on Fidelity Funds. SRetailing is the number one fund in my Fidelity analysis and a corresponding ETF is XLY. XLY is not performing as well as SRetailing, but can be purchased, sold at anytime, and among the 20+ ETFs in retailing is the one which most closely matches SRetailing. I indend to buy XLY (instead of SRetailing) in some of my IRAs, maintaing a 7% stop loss.
My current investments:
IRA#1
None
IRA#2
None
My portfolio changes this weekend:
IRA #1 – Buy 100% SRetailing
IRA #2 – Buy 20% SRetailing
My portfolio market exposure after this weekend’s changes:
IRA #1 – 100% invested
IRA #2 – 20% invested