Bold Contrarian Move Part Two

By on February 12, 2020

Portfolio rebalancing

Portfolio rebalancing

As noted in yesterday’s post I’m implementing a bold contrarian trade in the SMA Portfolio by attempting to sell all fixed income holdings and exploring energy complex names for investment. Limit sell orders for the Western Asset Emerging Markets Debt Fund (EMD) @ $15.02 and the iShares Preferred and Income Securities ETF (PFF) @ $38.32 were executed this morning.

Outstanding limit sell orders for Vanguard Total Bond Market ETF (BND) @ $85.33, Templeton Global Income Fund (GIM) @ $6.15, and Morgan Stanley Emerging Markets Debt Fund (MSD) @ $9.96 remain unfilled.

I’ve placed limit orders to buy Vanguard Energy ETF (VDE) @ $71.00, Royal Dutch Shell plc (RDS.B) @ $51.60, and BP P.L.C. (BP) @ $35.25. The price of oil has rebounded since my decision to make this trade so it is likely these orders will go unfilled; at least over the next several days.

Disclaimer: It is very challenging to outperform a buy and hold strategy. Historically, investors have found themselves well-served over the long-term by investing regularly in a diversified portfolio of stocks or low cost, broadly diversified indexed stock funds. Information presented is based on analysis of past data and assessments by the Tactical Timing System model. Future performance may not reflect past performance. Profitable trades are not guaranteed. No system or methodology ensures stock market profits. Although accuracy is strived for, no guarantee is made regarding the accuracy of data presented.

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