For full update download this ^^^ PDF.
My individual positions (and all kind of additional information about each of them) can be found here:
https://deanorolls.com/investing/my-current-portfolio/
I’d love to talk about investing with you. Link up with me on Twitter https://twitter.com/joeydean72
Month In Review
I’ve been working on this:
- Holy Crap what a month!!! That is all I’ll say about that.
Transactions
I was actually pretty busy prior to the Coronavirus ending the world late this month:
Sold: Physical Gold / Physical Silver
Bought: SCHO – Schwab Short Term US Treasury ETF
- Thinking: My commodities asset class weighting was too high (I had about 4.5% too much of my portfolio in them). I had added Bitcoin over the past few months. My gold and silver positions had also grown in value since I made those investments. I hold all this in my ‘commodity’ bucket and I was (and still am) overweighted in that bucket. I’ve been fine with this for some time because I’ve believed that stocks were overvalued and more recently overextended. That said I am still underweighted stocks (since devising my new target weightings late last year). I am working to correct this. I sold some of the gold and silver and moved it into my bond position (for redeployment into stocks…where I am underweight…still).
Sold: FUTY – Fidelity MSCI Utilities Index ETF
Sold: FREL – Fidelity MSCI Real Estate Index ETF
Sold: SCHO – Schwab Short Term US Treasury ETF
Sold: MO – Altria Group Inc / PM – Philip Morris International
Sold: MU – Micron Technology
Bought: FNCL – Fidelity MSCI Financials Index ETF
- Thinking: Adding to my financials weighting was my big reposition for this month. I was very underweight financials and they were the second worst performing sector in the month of January (only Energy did worse). Utilities were the best performing (and I was getting overweight in those). My real estate position had also grown to be overweight as well. I also had two stocks that I had done well and were above my target allocation so I lightened those positions a bit (MU, MO and PM). I hated selling these stocks but I know being better aligned towards my long term targets is more important. I lightened up on those and also sold some bonds (which I was overweight) and added all this to my financial position. This brought me pretty close to the correct allocation. Until now?!?! Fast forward to the end of this month and Financials were again the second worst performing sector. Falling knife…caught! For now!
Sold: BIIB – Biogen Inc
Bought: FHLC – Fidelity MSCI Healthcare Index ETF
- Thinking: This was a small rebalancing. My Biogen position has performed very well since I purchased it. I trimmed it back to my target allocation and reinvested the proceeds into the same sector. I hate selling a winner and especially one where I believe the company is a good company but I need to stay close to my targets.
Sold: FREL – Fidelity MSCI Real Estate Index ETF
Sold: FSTA – Fidelity MSCI Consumer Staples Index ETF
Sold: FHLC – Fidelity MSCI Healthcare Index ETF
Sold: FIDU – Fidelity MSCI Industrials Index ETF
Bought: VIAC – ViacomCBS Inc – Class B
Thinking: ViacomCBS has been performing very poorly since the merger with CBS/Viacom. On their first earnings call following the merger no one liked what they had to say and the stock got rocked (it was down nearly 20% in one day). This stock is (was) already my largest position for an individual stock in my portfolio. I have not trimmed it down like many others because I thought it was too cheap to sell (so I held onto it). Mr. Market sure let me know I was an idiot! Anyhoo, I redid my analysis on it and decided it was an overreaction. This is one hell of an unloved stock right now. I am probably catching a falling knife but I added to the position. I sold everything that was ‘overallocated’ and added it to ViacomCBS. I was basically looking for anything that wasn’t nailed down. It turned out to be such a wise move because the stock is now down another 18% since then!?!? Nice work Dumbass DEANO!!! Falling knife…caught! For now!
DeanoRolls (@deanoroll5) 