Category Purchasing Power Portfolio
Well, we were right in our last post. Gains were short-lived and we have now sold 4 of the 6 positions that were choppy and uncertain. We sold 60 shares of FXI (China) @ $42.60; 70 shares IEV (Europe) @ $37.90; 50 shares JKE (US Large Growth) @ $53.38; and, 50 JKF (US Large Value) @ […]
Today we bought shares of EWZ (Brazil), 36 shares @$70.59; FXI (China), 60 shares @ $42.35; IEV (Europe), 70 shares @ $38.37; IYE (Energy), 77 shares @ $33.12; JKE (US Large Growth), 50 shares @ $54.29; and JKF (US Large Value), 50 shares @ $52.15. Comment: We brought each from 1/2 allocation to their neutral allocation of 5% […]
Tomorrow morning at the open, we will reduce the following asset classes to 1/2 their neutral position: Brazil, China, Emerging Markets, and Europe. We are watching the Gold, Energy, and US Large Growth asset classes as they have faltered as well.
Just a quick update for the Purchasing Power Portfolio. We are at 1/2 neutral allocation for 6 of our asset classes. Tomorrow at the open, we will sell 5 additional asset classes to 1/2 neutral, so that 11 of 16 asset classes will be underweighted due to weakness. Just as we have seen broad strength […]
Today we are cutting four asset classes back to 1/2 of their neutral allocation. We sold 43 shares of IWM (Russell 2000 Index) @ $52.57; 111 shares of PIN (India) @ $20.18; 48 shares of VPL (Vanguard Pacific) @ $50.96; 182 shares of PBJ (Food) @ $13.90; and 49 shares of JKF (US Large Value) […]
Today we sold EEM; Emerging Markets (7.77 shares @ 41.39), IYE; Energy (12.11 shares @ 35.43), EWZ; Brazil (2.33 shares at 75.52), and DBB; Commodities (36.39 shares @ 20.20). In all case we took take gains to bring each asset back to it’s neutral postion. Each showed some recent weakness/slowing. Japan remains the only asset class at […]
We restored VPL (Pacific) to it’s 5% weighting. Bought 45.42 shares @ $52.73. (10:22 am, October 8)