Saturday, May 21, 2022

Quick Updates: shorts and gold

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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