I’m keeping the majority of my cash reserves available for the right entry point into the Energy/Oil sector.
That being said, today I took advantage of some market weakness for myself and for portfolios that I manage which are holding high cash positions (primarily new clients over the past six months).
Continuing this year’s model portfolio themes, I purchased:
- Value-
- Cisco (CSCO)…literally a “dog of the DOW”
- Alaska Airlines (ALK)…sector weakness on recent Spain terrorist attack & short term worries of increasing airline capacity. ALK is a healthy niche player in the sector and I believe situated well for long term growth or as an acquisition target.
- Banking Sector-
- Capital One (COF)…this brings my holdings of US Banks up to four, where I’ll most likely stop.
So many “experts” are worried about a market correction, that the contrarian in me is skeptical, and thus taking advantage of weakness. If you’re not a regular listener to the Wealthsteading Podcast [what the heck’s wrong with you???], here’s a quick 12 minute episode where I discuss the THREE main factors driving the success or failure of our current stock market: http://www.wealthsteading.com/245
Spoiler ALERT- it’s been this way for the past three years !
As always, invest with caution.
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The Robots are Coming: A Human’s Survival Guide to Profiting in the Age of Automation available at AMAZON and all fine bookstores.
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Listen to the Wealthsteading Podcast to receive updated market commentary:
The 10 Wealth Building Principles can be heard at:
http://www.wealthsteading.com/category/wealth-building-principle/
Subscribe to the Wealthsteading Podcast:
via iTunes: https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058
Building Wealth, Investing, Retirement, Stock Trading, Money, Freedom
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