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.

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