I had written about my pivot to a ETF based exposure to a global financial portfolio almost a year ago. A link to the old post is here below.
Here is an update on the performance and holding period.
The weights are nowhere close to where I want them to be.
Unfortunately, markets don't co-operate in that sense.
I am close to bumping against the limit for the China ETF.
In terms of opportunities, right now, I do not see any ETF investment opportunity, as in the last 3 months or so, none of the ETFs have gone down.
This is because I am trying to follow
1) Add to an ETF which is under-performing.
2) Ignore the performing ETF
3) Use Investment addition to re-balance the portfolio weight rather than through active sales, i.e. avoid trying to time the in and out as all I want is global exposure to a set weight
I must admit though, while the results are satisfying, the process is about as exciting as watching paint dry, which I guess is the objective i.e. make it boring, so that you do not take action !
I am not an investment professional.
I encourage you to do your own independent "due diligence" on any idea that I write about, because I could be and probably am wrong.
Nothing written here is an invitation to buy or sell any particular stock.
At most, I am handing out an educated guess as to what the markets may do.
The market will always find a new way to make a fool out of me (and maybe, even you!).
Even the best strategies of the past fail, sometimes spectacularly, when you least expect it.
I am not immune to that, so please understand that any past success of mine will probably be followed by failures