A few weeks ago, back on March 25th I bought the dip in equities. The market basis the Dow Jones ($DJI) has risen a little over 1000 points over that period. This afternoon I took profits in my trading portfolio, sold my ETF’s and REIT’s and moved to 100% cash. I remain invested in my core mutual fund portfolio and in my IRA. I’m also still fully invested in my Betterment.com account. This is my personal trading portfolio housed at Schwab where I engage in timing; buying dips and taking profits on rallies. Even though I am Bullish-biased, at least thru July, I felt it best to take profits in my short term holdings at this juncture.
I do anticipate a short term, shallow dip next week, which I’ll be a buyer once again. I plan to use any retreat in equity prices to purchase ETF’s at lower prices and hold thru early July.
DISCLAIMER: This is not a recommendation. Stock market investing is risky. This is for informational purposes only and I am not an investment adviser.