Changes to the SMA Portfolio

By on November 28, 2018

stock market sectorsSeveral changes to the Stock Market Advantage (SMA) portfolio have been deemed to be prudent in light of extraordinary developments and an eye towards costs.

The stock of specialty metals producer Ferroglobe PLC (GSM) was added at a price of $2.00 per share. GSM collapsed over 50% on a weak earnings report and elimination of the dividend. The allocation to GSM was initiated at 1.3%.

Vanguard Short-Term Corporate Bond ETF (VCSH) was sold in order to raise cash to increase allocation to the emerging markets equity sector which appears to offer good relative value.

WisdomTree Emerging Markets High Dividend ETF (DEM) was sold to invest in a lower cost ETF in the sector.

A limit order of $32.98 was entered for the purchase of SPDR Portfolio Emerging Markets ETF (SPEM). This price may need to be raised if the market rebounds.

Disclaimer: It is very difficult to outperform a buy and hold strategy. Many investors have found themselves well served over long time horizons 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.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>