Costamare Added to the SMA Portfolio
Fears of a worldwide economic slowdown due to the Coronavirus has caused a collapse in shipping related equities over the past month. This weakness should be transitory. Therefore, I’ve decided to initiate a position in Costamare (CMRE) in the SMA Portfolio.
CMRE was purchased today at $7.20 and respresents a weighting of approximately 1.2% of the portfolio.
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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