Since April 23 Market Departure
May 23, 2012
I exited the market April 23 with a profit of only $272 plus dividends of $4,368 since Jan 3 on a nominal portfolio of $1,000,000.
I enumerated the reasons for my exit in my post of April 23, ” , SELL ALERT – ITS ALMOST MAY “………….
All the reasons for my market exit remain applicable.
If, I had not ” Gone Away ” my portfolio would be down 10.81% since April 23,… a paper loss of $108,000.
At the moment, I am in cash except for some oil stocks and some commodity ETFs which were not part of my Model Portfolio. Somehow I couldn’t part with GLD, XOP, IGE and RJA which are part of a long term inflation hedge strategy.
All the funds in the Model Portfolio are in FDIC insured Savings Accounts at 0.5% waiting for a safe re-entry point. I am burning capital to live and I don’t want to compound the effect by burning investment capital.
I am using my spare time to backtest models of SPY entry and SPY exit points.
Bye for now
Richard ( Gore ) aka Rich, Richie from Throggs Neck, Dick, RMG and Smiley from Woodlawn.