Things come in, Things go out.
most know, we have recently begun trading, on top of our long-term investing. Only appropriately so. They go hand-in-hand. Trading however is an entire set of disciplines, many new to us. Trading also means rapid portfolio turnover. That’s in part why our current hand is not diversified. Think gold miners–too many gold miners. In several recent pieces we’ve provided the thrills of our new trading vice. Now we provide the current position of our on-going investing journey.
-Kirkland Lake Gold-
-American Electric Power-
-Take-Two Interactive Inc.-
are positions we believe will prove long-term holds. We will likely be “trading around a core position” with many. As market conditions and price-action allow, we will trade half of each, while holding the underlying. As the price-action rises, and falls, we will be selling and buying back.
-Advanced Micro Devices-
are organic creations. Change is their nature. Different mixes work for different markets. Sound portfolios are built for gains, while reducing risk as much as possible. Trimming winners and cutting losers are mandatory.
Sector rotation chasing is a losing game, while adapting to accommodate and take advantage of widespread market shift is savvy. Some portfolios can accomplish most of the above. What’s in those? Proven winners, with some speculation for spice. As always, good luck and good investing.