Not a bad week. Just a pause in the decline (in my opinion). The biggest up days occur during bounces in bear markets.
Doug Fabian has a podcast where he discusses various ETFs. On his 15Jan16 podcast he discussed where income investors should be investing their portfolios. He likes DBLTX (a mutual fund), BOND, or TOTL as a low risk income fund.The next level with a little more risk and a little more income he likes PFF. In a higher risk income fund he likes closed end funds which are currently selling at a discount and can be purchased in an ETF as PCEF and YYY.
In the 22Jan16 podcast he discussed growth investments and started by saying it was not a time to buy growth investments.
IBD TBP’s Market Pulse is “Market in correction” as of 12/29/15 – Not a time to invest.
Only GovernmentCashReserves, which has an annual yield of 0.01%, is a buy on my list.
My current investments:
IRA#1 and IRA#2
GovernmentCashReserves
IRA#2
GovernmentCashReserves
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 – 00% invested