It’s Tuesday, July 16th and I normally don’t get excited about short-term capital gains/losses, but hey what can I say? I’m human, and today was one of the best days I’ve had in the market in a LONG time. The part that makes it so great is today the market was Down but I was UP. This shows me my risk management and portfolio balancing is paying off. This is partly why I choose to buy individual stocks; I already own an index fund, I don’t need to chase the index with other investments. I believe it helps with diversification.
American Eagle Outfitters-up over 5%, it’s had a rough month for what reason? I don’t know, books and reports still looking fabulous.
Schneider Trucking-up 4.5% (I’ll take this because I was down over 12%). I’m not sure why it went up, not any good news. Transportation sector is getting hit hard lately.
Leggett and Platt up 1.63%, I just bought this a few days ago. We are off to a good start.
Kaiser Aluminum up 1.3%, another brand new position.
Eastman up 1.04%, one of my favorite stocks! It’s been on a nice run lately, wished I could buy more.
I had many others up as well, basically, the only things down were Treasury bond ETF, General Mills, Darden Restaurants and Medical Properties Trust (in my IRA). General Mills is another stock I’d like to buy more of it but it won’t stop hanging out at the 52
How about those New Positions Joe?
I added more new positions this week than planned. I’ve been on the hunt and finally bit the bullet with some less than optimum prices. I’ve stayed patient but could wait no longer. I do believe I’ll get some better prices in the future on 1 or 2 stocks. However, I think it’s better to just throw the capital and money into use as long as it’s not tremendously overvalued with no future of getting back up there for a while.
About the only thing in my portfolio I feel I overpaid for is Medical Properties Trust and Darden Restaurants. Both were near
New Brokerage Account Positions
1) Kaiser Aluminum-I’m a HUGE fan of the materials sector, even if it does get hugely impacted in economic slowdowns. I think it helps balance out my portfolio.
2) Darden Restaurants-The books look incredible on this. Even though it was a little high, I couldn’t resist. It’s on a clear trend upwards. The markets valuing this stock higher and I believe it’ll play out well over the next ten years.
3) Eaton Vance-This is the ONLY financial stock I own. I was drawn to their cash flow and the fact that they have never cut their dividend. Another fact is during the Great Recession they were hit pretty hard; however, they bounced back at an insane rate, beating early 2008 earnings within a year of the fall. I think it’s well managed, they are
New IRA positions
1) Ryman Hospitality Trust-I never knew this existed, ha. I’ve actually performed on the Grand Ole Opry and stayed in the Opryland Hotel. In addition, I’ve played at the Ryman Auditorium. This is a REIT and like all REIT’s I purchase, it’s in my retirement account. This pays a good dividend and caters toward higher-end corporate meetings with its properties. It was a toss-up between this and Host
Planned maneuver captain-I hold a Fidelity Select Health Care Mutual Fund in my retirement. At the moment it’s on the move back up. I’m usually not one to sell a lot but if it goes up about 5% more I’ll probably sell some of it and reallocate elsewhere. There is just too much volatility with the news, politics in the healthcare sector; it’s calmed for a bit but I don’t see it improving over the course of the next year. I bought this when I was a NOOB investor and unfortunately bought too much, my IRA is too heavily weighted towards healthcare because of it. I’m gonna sell it and use the funds to buy more shares of REIT’s or market indexs.
I am also contemplating selling some of my bond funds. It’s been a nice ride of over 13% return. I just don’t think it has much further to go up, even if interest rates do fall (which it seems like they will). MUB for
My last dividend payout is on July 23rd this month. I am out of town on vacation until August so I probably won’t get to a video and updated report until then. Talk soon! Happy investing!