At times I suggest investors who would like to start investing purchase SPY. SPY is an ETF which follows the S&P500 index by investing in each of the 500 stocks in the same ratio they are in the index. It the last year it is up 11%. If you had followed a method of staying invested in SPY as long as it was above its 200 day average, you would have been out about a week in October with minimum impact. The reason I suggest selling when the price falls below the 200 day average is because you never know if it is the start of another 2007/8 60% drop – which would not be fun. Fidelity has a fund, FUSEX, which does the same thing, but since it is a mutual fund instead of an exchange traded fund, it has greater fees, cannot be sold during the day, cannot have a stop loss, and may have of Fidelity’s dumb short term trading fees if you sell it too soon.
One of the most interesting movers in Fidelity funds is China Region. It has been in the top 20 of my funds list for 3 weeks and is now number 1 and has been up 17% over the last month. It sure looks like a bubble.
IBD TBP’s Current Outlook is “Uptrend Under Pressure” – NOT a time to invest.
My current investments:
SPharmaceuticals has a price of 23.48, a sell price 22.49, a rank of 04, and is a Hold.
SHealthCare has a price of 238.70 a sell price 228.67, a rank of 03, and is a Hold.
SElectronics has a price of 83.66, a sell price 80.17, a rank of 11, and is a Hold.
SRetailing has a price of 93.06, a sell price 90.65, a rank of 16, and is a Hold.
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 – 80% invested