Hello everyone it is time to give you an update on how is my portfolio doing in March 2019. Let’s get straight to it :
Cash and Cash equivalents : 92.5%
Shell (RDS.B) – 2.5%
AT%T (T) – 2.5%
Bank of America (BAC) – 2.5%
Total portfolio change +10% for the month ( All the change is caused by savings )
As you can see I am still very cash heavy, which some of you might agree with and some of you might not. What I know is that this is the right thing for me as I just cannot find anything worth buying right now. It is not that I am trying to time the market or anything. I am just not going to buy a company if the price is not right for me. I am not saying that I am right or wrong, I am just following my strategy.
There is one thing I am going to focus on more and that is ETFs. I wasn’t considering investing in ETFs a viable strategy for me, but moving forward I plan on having them as a decent part of my portfolio. I am soon going to make an article about ETFs and why they are going to be an important part of my strategy.
What are my plans for this month?
1. Wait for the Fed meeting
There is going to be an important Fed meeting on the 19th of March. I am very interested to see what the Fed chairman Jerome Powell has to say. The consensus in the beginning of the year was for 2 interest hikes , but as of right now that is not so certain. Also in this meeting we are to see the economic projections from the Fed and that is surely going to unveil some answers.
2. Keep atleast 50% in cash
As of right now I want to have some good cash on hand. First most of the stocks are overvalued and would not be a good idea for me to increase my stocks position to more than 50%. Second I feel like I am going to have some good opportunities until the end of the year so I would rather keep some cash. Still my current position of 90% is too large and I am trying to reduce it down to around 50%.
3. Get more into ETF investing
So far I haven’t been very big on ETFs, but I am starting to change that narative. First of all I like macroeconomics more than microeconomics and it makes more sense for me to be investing in ETFs more than individual companies. Second of all it is considerably less time- consuming to just follow a couple of ETFs than to follow hundreds of companies in order to pick the right ones. I am of course still going to have some part of my portfolio in individual stocks, but not 100% of it.
As you can see right now I am just waiting until I have some more information on the economy as a whole or until I find some quality companies being undervalued. Right now I don’t have any of the two and that is why I have not made any moves this month.
This is my quick overview of my portfolio as of March 2019. If you have any questions don’t hesitate to contact me, I am happy to answer you. That is all from me today, wish you all the best and a great success.