Resource Equities Allocations Increased in the SMA Portfolio

By on February 25, 2020

LiferaftThe broad sell-off today in worldwide equity markets due to Coronavirus fears created an opportunity to increase allocations to several downtrodden positions held in the SMA Porfolio.

This speculative move initially seemed like an opportunity to improve returns, but appears to be quite risky with the markets in freefall. We’ll see how it works out.

Along with the changes in allocations below, a position was initiated in Williams Companies (WMB).  WMB now represents approximately 0.8% of the portfolio.  WMB was purchased at $19.85.

Allocations were increased in the following positions:

Security Latest Purchase $ Old Allocation New Allocation
Enlink Midstream $4.00 0.4% 0.5%
Antero Midstream $4.35 0.4% 0.6%
Royal Dutch Shell $46.85 1.8% 2.8%
BP PLC $33.25 2.2% 3.1%
Rayonier Advanced Materials $2.38 0.1% 0.2%
Occidental Petroleum $37.50 0.9% 1.7%
Adams Natural Resources Fund $14.10 5.7% 7.4%
Blackrock Resources and Commodities Fund $7.25 4.8% 6.8%
Global X MLP ETF $6.75 9.0% 10.6%

Disclaimer:It is very challenging to outperform a buy and hold strategy. Historically, nvestors 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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