Things are fine Nords
Good to hear from you, poyet, it's been a while!
But enough about your trading-- how's your software been doing?
Everything's fine Nords, good to spend some time with you again. Things have been pretty hectic, my elder daughter has left France and works in DC after earning her MBA @ URI, I'm building a new 26 inches cassegrain scope, I've observed double stars and computed new orbits, thinking of another scope on top of the Oukaimeden (2750m) Marocco, soon will go skiing, etc...
Trading, and the software manages 10% of my portfolio (which itself is just 13-14% of my assets the remaining being RE). So, even if it is a project I'm very committed to its impact on my NAV is limited though ! The software has performed rather well, though we've missed a stronger trend. Did not succeed to get any "customer" to start a fund, frustrating...
The thread was more on global portfolio reallocation, i.e. investment, kind of positions you do not change very often. And that's what I'm focused on at the moment, as momentum is waining out of the market right now (at least in europe). Every month I run a Metastock explorer of mine to sort 187 ETFs in "Bull", "Bear", "Neutral" to get a feel of what's going on (it takes less than 5 minutes) and tend to maintain my cash level to the "bear" ratio, i.e. if 10% are bear I am 10% in cash. I'm currently raising my cash level to match the increase observed in the bear ratio which stands at 32% (e.g. european small & mid caps, Japan, US REITS, financials, banks, high yield & dividend stocks, consumer discretionary, small Value, Midcap Value, etc..).
Selling european small caps funds which I had in portfolio for more than 4 years and on which I doubled is not an easy decision. But that's done. Selling Japan was more frustrating as gains have been offset by the erosion of the Yen against the euro, so I'm not even sure to make gains on all positions in the end... etc.
I want to raise cash to buy REITs, US banks & financials & high yield dividend equity funds (as I'm getting older and want to secure more cash streams) when it will be time to do so, next year ? the year after ? we'll see but to keep things simple when the ROC(MM200) > 0 and Close > MM200 ! From what I see, it will not be next month for sure
I like lurking a bit the boards as I get ideas from you. I was a bit annoyed to have missed the start of the shipping stuff, but I'll keep an eye on it.
So, here are some news. Hope everything was fine with you all.
Cheers