Hello all been a nice long weekend not much happening here. Sorta took a vacation from my computer and all these ho hum for a few days to let the brain relax, or at least give it time to catch up. Now working on day 6 NOT SMOKING, geez be nice to kick that monkey off my back.
I set up a forex/currency folio this week. Time to place some funds in other countries currency. Now that commodities are taking off many of the other forex plays will be stronger and I need the diversification. Picked out 12 decent plays in this folio. Not going to give them all away now till my buy order goes in this morning.
I had 3 sells for this morning, I sold APD, KALU and MFC. Sold for a combined 21.34% profit on all 3.
I added 2 New picks to my reits folio, IYR and RWX. Added Home Depot (HD) in my services folio. Needed some pipes for the washing machine and couldn't believe the amount of people planting gardens and do things to their house either to sell it , fix it up, or save money growing garden. They all lead me to readded HD, which we did sell in the past for a profit, regardless we are running it again. I also added smg to my watch list for the same reason.
With all the talk around blackrock potentially buying Ishares, I started a small postion in BLK, and also added IAI to my financial folio, IAI has all the other broker dealers, GS,CME, MS, and so on.
Added CTL to my technology folio they should be closing on Embarq soon. Which should give them some amazing earnings growth. CTL pays a 9.52% dividend, trading at .93 on price to book, less then book price.
In my index funds I added QAI, IQ Hedge Multi-Strategy Tracker ETF. This is my play on the hedge fund sector or as close as I can get from a retirement account. With a expense ratio of .75 its a tad bit high but nothing compared to mutual funds. This etf will go long and short with other etfs. According to IQ website:
The Fund seeks investment results that correspond before fees and expenses generally to the price and yield performance of the IQ Hedge Multi Strategy Index. The Fund is a fund of funds as it invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the investments included in its Underlying Index, which includes underlying funds.
Biggest changes in Basic Material folio Where we added coal back into the mix, Both ACI, and KOL the etf. Also added 2 other etfs the I shares basic materials(IYM) and MXI the global one.
In my emerging markets folio I added 4 new plays. EWG germany, EWS singapore, EWN Netherlands, and EWY south Korea. Some areas I seem to think there will be growth.
Disclosure I am long ewg,ewy,ews,ewn,aci,kol,iym,mxi,qai,ctl, blk,iai,iyr,rwx,hd,
This is not a reccomendation to buy any of these stock without doing your own homework. I am not a licensed broker and only have a few months of trading under my belt, however, profitable they have been still do your own research.
Thanks Dividend Basket
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Interesting post on forex
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