I am a little behind schedule on reporting my portfolio updates. Since my last update, I have changed some of my opinions a little. I have also added to my account so that I have some additional cash to invest.
First, I have restarted auto deposits into my investing account and my IRA. Both of which are under-funded. I especially have a lot of catching up to do in my IRA. However, further information about that is outside the scope of this post.
Second, I STC my puts against FB. The result was that I raked in ~37% profit on that short trade.
Lastly, I then took the profit and the capital that I had pending for one of my other dividend paying stock picks, CNK, and added to my already existing positions of JNJ and PG. I then re-evaluated the chart for CNK and decided to buy a third of the shares I was planning on at the higher price it was currently around. Unfortunately, CNK has declined a little since I BTO the position today. I am still currently satisfied with my positions. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
BTO - buy-to-open / bought-to-open
CNK - Cinemark Holdings Inc
FB - Facebook Inc.
IRA - Individual Retirement Account
JNJ - Johnson & Johnson
PNG - Proctor & Gamble Co
STC - sell-to-close / sold-to-close
Showing posts with label diversification. Show all posts
Showing posts with label diversification. Show all posts
Friday, June 8, 2012
Wednesday, January 4, 2012
Portfolio Update
Again, it has been too long since my last post. It is now 2012. So here is the good and the bad for the end of November 2011 and all of December 2011.
In November, while looking over my losers of the past year, I came to accept that with the macro-economical news causing such aggravating swings, I can not play the trader game while still holding down a J.O.B. for 8 hours a day. So with that I decided that I will start applying a variation of the Asset Allocation Strategy of 4 cycle diversification. So with that I increased the gold position of my portfolio with the cash I liquidated from my losers. I BTO additional shares of GLD on November 21, 2011 and again on December 13, 2011 to dollar cost average my position down. As of the close of the market on January 3, 2012, GLD is at $155.92.
While making the transition to an Asset Allocation Strategy based portfolio, I took a short term gamble on the IWM ETF continuing to tank on December 9th after already tanking on the 8th. So I BTO a Jan 21 2012 72.00 Put. However, it reversed and I closed it out for a loss. To make things worse, the follow days saw IWM go back down again before bouncing back up.
Furthering along the transition into an Asset Allocation Strategy based portfolio, I BTO my position into the TLT ETF on December 9th. I then purchased again on December 14th and 20th. Since then, TLT has declined.
As one last gamble for 2011 I BTO a position into the ZNGA IPO. Unfortunately I BTO too high and closed out 99% of my position for a loss. Since then, ZNGA has bee trading above my close out price.
For the coming year, I will only be buying shares of GLD, TLT, and dividend paying stocks. All other positions I currently hold will be held until I am able to collect a profit or collect premiums through options.
That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
BTO - buy-to-open / bought-to-open
GLD - SPDR Gold Shares
ETF - Exchange Traded Funds
IPO - initial public offering
IWM - iShares Russell 2000 Index Fund
TLT - iShares Barclays 20+ Year Treasury Bond Fund
ZNGA - Zynga Inc.
In November, while looking over my losers of the past year, I came to accept that with the macro-economical news causing such aggravating swings, I can not play the trader game while still holding down a J.O.B. for 8 hours a day. So with that I decided that I will start applying a variation of the Asset Allocation Strategy of 4 cycle diversification. So with that I increased the gold position of my portfolio with the cash I liquidated from my losers. I BTO additional shares of GLD on November 21, 2011 and again on December 13, 2011 to dollar cost average my position down. As of the close of the market on January 3, 2012, GLD is at $155.92.
While making the transition to an Asset Allocation Strategy based portfolio, I took a short term gamble on the IWM ETF continuing to tank on December 9th after already tanking on the 8th. So I BTO a Jan 21 2012 72.00 Put. However, it reversed and I closed it out for a loss. To make things worse, the follow days saw IWM go back down again before bouncing back up.
Furthering along the transition into an Asset Allocation Strategy based portfolio, I BTO my position into the TLT ETF on December 9th. I then purchased again on December 14th and 20th. Since then, TLT has declined.
As one last gamble for 2011 I BTO a position into the ZNGA IPO. Unfortunately I BTO too high and closed out 99% of my position for a loss. Since then, ZNGA has bee trading above my close out price.
For the coming year, I will only be buying shares of GLD, TLT, and dividend paying stocks. All other positions I currently hold will be held until I am able to collect a profit or collect premiums through options.
That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
BTO - buy-to-open / bought-to-open
GLD - SPDR Gold Shares
ETF - Exchange Traded Funds
IPO - initial public offering
IWM - iShares Russell 2000 Index Fund
TLT - iShares Barclays 20+ Year Treasury Bond Fund
ZNGA - Zynga Inc.
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