Given the continued weakness in the Eurozone and the run-up in equity prices due to the market’s anticipating of more quantitative easing by European Central Bank bond purchases, decided to sell off additional holdings. This results in my portfolio being 10% fixed income, 48% equities (58% invested) and 42% in cash and cash equivalents.
Prices may move even higher if easing does occur but I have even more flexibility if the market does sharp corrections or if the ECB cannot deliver on the expectations of easing...
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