EKS. I upped my bond fund exposure last year substantially, and have reinvested their distributions back into the funds. Recently I've made sales in order to have money available for days like today.
I sold about 40% of my largest and overweight portfolio position, LSBRX May 28. Closed out my large position in MWTRX then too. The yields here just aren't appealing to me anymore.
finance.yahoo.com
My much smaller but second largest source of funds: I've given up on Jim Rogers. At least for the time being. His "buy commodities (agriculture)" mantra of 12 months ago didn't work for me. (That is, my buy and hold 12-month positions in his sponsored commodity etns). I closed my position in RJA with two sales (5/27 & 6/2) for losses. On 5/27 I sold 1/3 of a decent-size position in DBA and closed out a smaller position in GRU. Both at losses. I had read and expected and hoped that these things would not be correlated to equity stocks. For commodity play, sort of, I prefer VTRAFF now. (However, I'm still wary of stem rust fungus Ug99. If it ever gets a real hold, it could be a monster. Wheat will become much more scare, therefore expensive -- RJA will rise; wheat crops will decline and so will exports, so perhaps not good for VTRAFF business.)
Other sales:
NWPX. Closed position in late May for a small loss. Too much accounting and/or exchange listing problems. (And Spekulatius warned me (more than once): Message 26392043
VR. Closed my small position for a small loss. There's a Dutch auction going on where the company will buy shares for at least $24/sh. Stock now at $24.50. I suspect offer will be oversubscribed, and the company will acquire stock very close to $24.00. At that price, if it happens, the stock will drop to $24 or maybe below. I might consider reacquiring shares at that point.
ALK. Sold a small portion of my small Alaska Airline position yesterday at @$49.39 (http://finance.yahoo.com/q/bc?s=ALK+Basic+Chart)
PAY. Trimmed a little when it popped 5/27.
That's basically been my source of cash for recent equity purchases. |
