Now that we’re all making money again, happy like fat, gluttonous, pigs, let’s discuss the shit you called a ‘portfolio.’
Most of you are rabbit skinners and gamblers. You are rank amateurs, masquerading about town, comporting yourselves in the most undignified ways imaginable. I can tell, just by reading your comments, that you, Sir, are setting up for complete failure.
Let’s avoid that, shall we?
Run along and fetch your account statements. Now, I want you to tell me how your investments are weighted, across asset classes. Before you do, I will share my weighting.
Basic Materials: 14%
Consumer Discretionary: 11.5%
Staples: 8.2%
Tech: 23%
Healthcare: 16.5%
Finance: 10%
Industrials: 12.5%
Utilities: 0%
Cash: 5%
Amongst my holdings, almost 2/3rds of them are of a larger cap nature. Within the ranks, I’ve dedicated X amount of dollars for short term ideas, most of which you see me here on there blog, sashaying (no homo) in and out with space alien magician precision.
Critiquing my own holdings, I realize my basic material and tech weightings are too high and need to be reduced. I also understand that healthcare is a bit out of control too. At some point, I intend to tweak it and reallocate into staples and finance. But healthcare and tech is where the money is flowing now and I want to be there for the turn in oil, whenever that does occur.
In short, you’ve been fortunate to be a part of such a forgiving market, one that V-shapes off of every downtick. But remember that pain and the agony you felt just a few short weeks ago, when you were ‘fag-boxed‘ into what seemed like an untenable position.
See to your affairs when times are good, so that you can relish in the pain and agony of others when the worm turns.
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i remember a time i got “fag-boxed”. it included duct tape and boone’s farm
And perhaps leading w/ XOM, see 1yr dailies
Put everything into the stock you think will go up the most, and buy some calls on it too. Why screw around with old man style investing? Just buy bonds and some apt. buildings.
Forget the stock, just buy the calls.
A while back you had a post that talked about the three categories that had the most growth potential over the next 3-5 years; energy, healthcare, social media. My long term account is almost entirely made up of companies in these sectors.
If it matters, I am relatively young (early 30’s), and plan on holding these companies with only minor tweaks for the next several years at least. Been a rough couple of weeks being this heavy in energy.
Energy: approx 45%
Hclp, emes, rice, etp, shlx, FSLR, vslr
Healthcare: approx 30%
Gild, celg, mnk, xon, ljpc
Social media: approx 15%
Twtr, FB
Consumer discretionary:10%
Lulu, wfm
WFM is more Staples, than disc
You need to sell down that energy to at least 20%, healthcare to 15% and up tech to 20%
Staples has a place and so do Industrials. Homies, Autos, Chems, etc are part of that sector.
Thank you!
At this point in my pain cycle, I am loathe to immediately sell off a bunch of the energy companies. Do you suggest just doing it immediately or sell into strength and reposition from there?
Wait for a bounce. It’s coming
Burlap sacks with head and arm holes, so as to be able to don them: 20%
Gold bullion: 15%
Harry Dent and Peter Schiff books: 5%
Short yen in gold terms: 10%
Dennis Gartman tips: 15%
VeryKool phones: 10%
Physical nickels: 10%
VIX futures: 15%
Monsieur le Fly, as is said on TeeVee, you, sir, are DIVERSIFIED !
Independent Oil and Gas ranked high to low by % shares short..
http://finviz.com/screener.ashx?v=151&f=ind_independentoilgas&o=-shortinterestshare
Same for Oil and Gas Drilling and Exploration
http://finviz.com/screener.ashx?v=151&f=ind_oilgasdrillingexploration&o=-shortinterestshare
We’ve been through this before fly, but it’s essentially:
Cash: 0%
“Short Debt”: 100%
That`s Icahn`s life with his SPY short position!
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in full
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Watch your shadow! It might be Fly with a ripper`s knife hunting you down through dark alleys!
Watch your shadow! It might be Fly with a ripper`s knife hunting you down through dark alleys!