I have more and more “panic” that the market recovers before I can deploy the 45% cash left I have :), I know how I’d feel in the case I missed a good opportunity… I’d like the market to fall a lot and remain low or bouncing around long enough to buy and get rid of most of that cash and sit on the beach for half a decade with a caipirinha (joking, Id be always keep on investing on the beach or not)
So I have started buying since the last weeks more seriously, scaling in order to buy around the bottom since I am sure I cannot buy at the bottom or too near from it.
As always I keep on adding some more of my favorites:
1) Added 6 more Berkshires @67.7 now holding 211 stocks !
2) Added 60 more Munich Re via the murgy ADR, equivalent to 6 more German stocks @82 euros. Now holding the equivalent of 58 German stocks !
3) Added 65 more Wells Fargo, 40 @23.495 me and 25 @23.45 for my mother in law, now holding 540 stocks !! (plus 50 for my mother in law)
Additionally I was 5000 Swiss francs short (collaterized by my Roche buying a year ago). I profited from what I view a temporary strength of the dollar and the devaluation of the franc to get rid of some of the (too many) dollars I have and pay 1000 Swiss francs so now I am less short on Swiss Francs.
My inflation hedges with TLT are a bit negative which I do not care at all because the fear of the market is on the other hand generating good stock buying opportunities! And as soon as we get just a bit of inflation and the ridiculous 0% interes rates (in up t0 2 year bonds) go up, TLT will fall. Mean while I wait, as long as needed.
So things are better now, better than a long time back ! Starts getting better and better for anyone who has cash to deploy and a long term horizon!
PD: trades log :
BOT 60 MURGY Stock 11.18 USD SMART 12:52:19 1.00
BOT 40 WFC Stock 23.495 USD ISLAND 16:24:28 1.00
SLD 1,150 USD USD.CHF Cash 0.88335 CHF IDEALPRO 11:59:34 2.17
BOT 25 WFC Stock 23.30 USD ISLAND SEP 6 11:31:10 1.00
BOT 6 BRK B Stock 67.70 USD ISLAND SEP 6 11:46:08 1.00