Another good week. Obviously it can’t continue, but until it does I plan to remain investing.
Those of you whose accounts I previously managed with a limited trading authorization received a letter this week indicating Fidelity would not allow me to continue to use any limited trading authorization. I mentioned this two weeks ago and sent the account owners an email on it 3 weeks ago. I prefer that you manage your own account, but if you do not have the inclination, time, etc. call or email me.
I made a mistake last week. I put in an order to buy DWTR at market open buying enough shares to fill the Roth IRA account to within $1,000. However the stock opened up 77 cents higher which caused the total cost of the purchase to be greater than the balance of the account. Fidelity called and we were able to transfer the funds required to cover the shortage from another Roth IRA with the same registration. Next time I will try to leave $2000 in cash after the purchase.
One of the good things about ETFs is that you can enter a stop loss order and be sold out before a ETF continues to fall. One of the bad things about ETFs is that you can enter a stop loss order and be sold out on a dip before the ETF reverses and goes up. My gold ETF – GLADX – was sold on a dip on 15Mar. I do plan to buy it back sometime.
IBD TBP’s Market Pulse is “Confirmed Uptrend ” as of 02/17/16. Time to buy. IBD reports “Individual investors might want to be ready for either a market pullback or at least a pause.
In the past three years, the Nasdaq has risen five weeks in a row five times. Only twice was there a sixth up-week.”
This week the #2 fund is RealEstateInvestmentPortfolio and I am investing in it.
My current investments:
IRA#1 and IRA#2
SGold has a price of 19.50, a sell price of 18.53, a rank of 01, and is a Hold. (ETF – GLDX – I was stopped out of this ETF)
IRA#2
Telecom&Utilities has a price of 24.05, a sell price 22.85, a rank of 04, and is a hold. (ETF – PUI current stoploss 23.41)
RealEatatePortfolio has a price of 42.30, a sell price TBD, a rank of 02, and is a buy. (ETF – REZ)
My portfolio changes this weekend:
IRA #1 – No Change
IRA #2 – Invest 20% in RealEstateInvestmentPortfolio – FRESX – or a similar performing ETF – REZ.
My portfolio market exposure after this weekend’s changes:
IRA #1 – 100% invested
IRA #2 – 60% invested