Sold all my gold at a small loss.
Overall, now I am 29.5% short vs 98% long. The shorts are:
- Low beta stuff, HYG and JNK. Easy to hold, they usually just drip down.
- Some higher beta stuff: Q's and IWM. I've been lucky.
- Some Europe ETFs bought recently. This position is currently at a loss.
- Plus small positions in Korea and copper miner ETFs.
Comfortable with these short positions, they partially offsets declines on down days. I could increase it a bit, but no longer feel pressure to. My portfolio should be OK, no matter which way the winds blow.
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