“Last week, Third Avenue Focused Credit Fund suspended investor redemptions, and credit markets reacted violently. This was the first time mutual fund investors were similarly gated since the financial crisis of 2008. However, the $788.5 million Third Avenue fund might be the tip of the iceberg.”
http://finance.yahoo.com/news/why-the-current-credit-crisis-might-be-35-times-worse-than-you-thought-134706002.html
Contains a list in this URL which names the 35 funds which may freeze customer sales. If you own one of these mutual funds, I suggest you sell while you can.
Talking to Fidelity, they explained that the their list of “all” Fidelity fund distributions does not contain all Fidelity fund distributions. Turns out that there is not list of all Fidelity fund distributions. And again, calling Fidelity and entering your userid and password results in a longer wait than just calling Fidelity without identifying yourself. So their fund data not always easy to use and their phone support is not good.
Any time CashReserves, which never goes up, is on your top 20 funds, you know you are in a down market.
IBD TBP’s Market Pulse is “Uptrend under pressure” as of 12/18/15 – Not a time to buy. The Market Pulse went to Confirmed Uptrend on 12/16/15 and then to Uptrend under pressure.
My current investments:
IRA#1 and IRA#2
SRetailing has a price of 104.49, a sell price of 103.16, a rank of 01, and is a Hold. (ETF – XLY) – DIS
IRA#2
SITServices has a price of 39.43, a sell price 39.62, a rank of 13, and is a Sell. (ETF – XLK) -DIS
SSoftware&ComputerServices has a price of 122.87, a sell price 121.89, a rank of 02, and is a Hold. (ETF – MTK) – DIS
SConsumerDiscretionary has a price of 33.92, a sell price of 33.88, a rank of 19, and is a Hold. (ETF – FDIS) – DIS
STechnology has a price of 116.82, a sell price of 115.61, a rank of 08, and is a Hold. (ETF – IGM)
Four of these funds has a distribution which changes their sell price.
My portfolio changes this weekend:
IRA #1 – None
IRA #2 – Sell SITservices
My portfolio market exposure after this weekend’s changes:
IRA #1 – 100% invested
IRA #2 – 80% invested