This last week commodity oriented funds and countries which produce commodities seem to gain the most – yes I am repeating myself.
This week only 8 of the 130 stocks I follow are not a buy. It was another good week.
One of the podcasts I’ve started downloading is the Wealth & Purpose Show. It, like many others, has an emphasis on gold and other naturnal resources. On the show presented on the 22th of Febuary, “Silver Shortage Approaching, Metals Mining Sector Explained by Resource Expert Gwen Preston”, Ms. Preston indicate she like gold better than silver but copper and zinc are attractive investments with shortages developing. In addition to most mining stocks (she likes the smaller miners (one or two mines) most), she also likes in uranium which she thinks will be going up for several years due to increasing demand. Her web site is http://www.resourcemaven.ca/.
I have not updated my performance numbers in two months – too busy. The short version is January down, February even, March starting up. I will try to get that done this week.
IBD TBP’s Market Pulse is “Confirmed Uptrend ” as of 02/17/16. Time to buy.
This week the #2 fund is Telecom&Utilities and I am investing in it. It is more a yield play but has been going up. About 25% of the fund is invested in AT&T (T) which is yielding 5.2% and T also has been up about 5% over the last month.
My current investments:
IRA#1 and IRA#2
SGold has a price of 18.54, a sell price of 17.92, a rank of 01, and is a Hold. (ETF – GLDX – my current stop loss is 21.64)
IRA#2
Telecom&Utilities has a price of 23.77, a sell price TBD, a rank of 02, and is a Buy. (ETF – PUI)
My portfolio changes this weekend:
IRA #1 – No Change
IRA #2 – Invest 20% in Telecom&Utilities – FIUIX – or a similar performing ETF – PUI
My portfolio market exposure after this weekend’s changes:
IRA #1 – 100% invested
IRA #2 – 40% invested