Interesting times … Despite the rough month on some of my individual holdings, at the end of October 2016 my index funds strategy remains on hold for each of the ASX, US and UK index positions. Slack Investor remains IN for all index holdings as the end of month prices have not breached their set stop losses … but these are volatile times … stay tuned for next month!
This pre-US election time is bringing on plenty of action in my individual positions though – after a bit of a cruisy period, and being almost 100% invested in stocks, my portfolio is now 12.5% cash … due to selling some holdings that have had some dramatic falls in this jittery ASX market.
I have the feeling that this wild time will not be over till at least the US elections are over.
What is Slack Investors strategy for the coming month? … although the start of November has brought further falls, and the “fear index” is creeping higher on the US Charts. Slack Investor does not want to become a daily trader and respond to the whims of sentiment – However, if the whims become big enough on a monthly basis, action will be taken. He has reviewed all of his individual stock positions and concluded that his remaining holdings are sound companies with good management – and will stay with them … up to a point!
Some of my individual stocks are near their selling prices and I suspect that further selling could occur and my cash position is likely to increase by next month’s monthly report. However, in the meantime, Slack Investor is taking a deep breath and enjoying the lack of decision making until another month. At the end of November, I will be making buy/sell decisions on the monthly data in a rational, but slack, way.
More detail and chart and table updates can be found on the ASX, UK,US index and Portfolio pages.