Quick updates to my portfolio, stuff I did a while ago, nothing to do with Trump's shooting.
Future quick updates I'll just append to the end of this post, rather than cluttering things up. These are all small moves around the margin.
- Bought 4% Exxon Mobil (XOM)
- Cut BTC on 21st and 24th June at a slight loss. Its fallen since then. Better a small loss than a big one.
- Sold Gold miners on 29th June. Small loss
The market has been range bound. Hard for a long term investor, or someone obeying trend following signals.
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27th July:
- Hedgeye has signalled a few months of slowing inflation and slowing growth ahead. Not a recession, but a slowdown.
- Commodities have been hit hard. Copper, Platinum, Silver, oil all broke down. I sold Silver & Platinum as they're too volatile to hold through the cycle, And Freeport McMoran, as a high cost copper producer in risky countries. And XOM, to cut oil exposure. Most of these trades were profitable.
- Mag7 is probably unwinding, but I don't know if it takes the whole market down with it (like in 2020), or money moves into value stocks (like 2001).
- Added 2% gold as it dipped in the past few days.
- I now have 3% cash and 7% gold (cash that can't be printed). Investigating what to buy. No rush.
- Separately, thinking of sellingWoodside, as US LNG exports ramp up in the coming years. Maybe replace it with a US producer.
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