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I sold about 50% of SWFFX & cut MFLDX loose. I'll wait for market pull back, if there is one, before reinvesting. Happy Labor Day weekend everyone !, Derf
Did a number of moves after what happened with Kinder Morgan but nothing since then and really have no plans to do anything further, maybe for the remainder of the year. I'm not going to say that a top is near, but with things like Snapchat valued at $10B and Jessica Alba's company going to IPO with a $1B valuation (http://idly.craveonline.com/2014/08/jessica-alba-the-honest-co-ipo/).... meh.
I have not done much this past week (buy or sell) and still have about 75% of my sell proceeds from recently sold securities (JCRAX, KSDVX, MFLDX, ITAAX) awaiting to be deployed. Currently, I am about 20% Cash, 25% Income, 45% Equity, & 10% Other as of my most recent Morningstar Xray. The total current number of investment positions is fifty.
Perhaps a good buying opportunity will present itself in September or October. And, even if it doesn't ... I am happy with where I am currently position. However, I do have my buy list ready should technicals align.
Moved some money from no-pay American Funds MMKT accounts to open very small initial positions (No Load) in Munis (TAFTX & AMHIX). Plan to DCA in gradually, small amounts at a time, as we see where we're going. (If we're going.)
Comments
I have not done much this past week (buy or sell) and still have about 75% of my sell proceeds from recently sold securities (JCRAX, KSDVX, MFLDX, ITAAX) awaiting to be deployed. Currently, I am about 20% Cash, 25% Income, 45% Equity, & 10% Other as of my most recent Morningstar Xray. The total current number of investment positions is fifty.
Perhaps a good buying opportunity will present itself in September or October. And, even if it doesn't ... I am happy with where I am currently position. However, I do have my buy list ready should technicals align.
Old_Skeet
Regards,
Ted