1st Week of June: Markets have been on roll for the past week, esp for my style of investing. We have some home expenses coming up, including a major flooring renovation as well as some tree cutting, so not looking forward to it. In terms of markets, the recent rally makes me think I need to hedge a bit here! Been here in the past and always I found hedging to be an expensive endeavor.. But the markets drop 5-10 % and I wonder why I did not hedge! This time round I hope I do not have similar regrets!
2nd week of June: Markets officially in bull phase. 20 % above the last bottom. Most if the market gains are through the top 5-largecap tech stocks! As such, I have not fared as well in this bounce back! I am heavily invested in conglomerates and banks at present. Last week I wrote about hedging.I still have not been able to pull the hedge! Though my cash (liquid in brokerage but not invested in stocks) is quite large at present... ready to be deployed should markets face a hiccup again!
3rd week of June: Markets have been on tear this week. Fed did not raise interest rates but presented an hawkish stance stating 2 more interest rate hikes before the year ends. Given the rise we have seen in the last month, I really want to take some winnings off the table and may be pay down on home mortgage!! Need a rethink on this topic though
4th week of June: How precinct I am and how utterly miserable am I in taking action. Two weeks back I wrote about how much I am worried about the recent market rally and its imminent pull back and how I should start thinking of hedging. There you have it! This week we got a glimmer of market sell off! And for part, I did nothing!
Lets hope for some love for value stocks! or some hatred overall in the market place so that I can deploy some of my dry capital !
Final entry for the month: What a market reversal! SP500 index was 2.34 % up for the week. Insurance purchase,vis SP500 put would surely have hurt! But that's the risk that I think I should increasingly consider as we are not almost 16 % up on the index for the year to date. Will this momentum continue in the second half of the year? That is a million dollar question. In terms of networth, this month marks the highest ever level we have reached..gradually inching towards the magical 3.5 M threshold! The next mile post would be 4M and them 5M! |