Took some profits yesterday: sold my position on Square and halved my position on Amazon and Apple.
Have you guys taken any profits? Interested to hear the rationale on which stocks and how much did you reduce your position by
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It seems that taking profits from the positions which gave ridiculous gains since March, balances out the risk/reward as we enter this tough period. Much of the profit for the next year or so seems to have been made.
Which is great for longterm investors as the slow growth or sliding profits could give more time to get investments in, for the coming 2020’s era.
Personally, I’m holding two gold positions, kicking myself for not buying silver in December and lastly, keeping all healthcare, payments and emerging markets… as these are longggg positions that I felt at least healthcare & emerging markets were undervalued and I will continue to buy for many years, up or down.
The question is, how do I re-enter tech? Hmmmm. That’s an answer for 2021 I expect.
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His latest portfolio updates:
My 5% holding in Biogen (BIIB) was taken over by Bristol Myers (BMY) at a hefty premium at an all-time high, so I’ll take the win. I am replacing it with Covid-19 vaccine frontrunner Bristol Myers (BMY) itself.
I am also taking out healthcare provider Cigna (CI), whose profits have been hammered by the pandemic. A future Biden administration might also move to a national healthcare system that will cap profits. I am replacing it with another Covid-19 vaccine leader Pfizer (PFE).
My 30% weighting in technology remains the same. Even though these stocks are 30% more expensive than they were three years ago, I believe they will lead the charge into the 2020s. It’s where the big growth is. These have doubled or more over the past nine months.
I am sticking with a 10% weighting in banking. Thanks to trillions in stimulus loans, they are now the most government-subsidized sector of the economy. I also believe that massive bond issuance by the US Treasury will deliver a sharply steepening yield curve, another pro bank development.
With my 10% international exposure, I am taking out a 5% weight in slow-growth Japan and replacing it with Chinese Internet giant Alibaba (BABA). The US will most likely dial back its vociferous anti-Chinese stance next year and (BABA) will soar.
I’m quite happy with my 10% holding in gold (GLD), which should move to new all-time highs imminently….and then go ballistic.
As for energy, I will keep my weighting at zero, no matter how cheap it has gotten. Never confuse “gone down a lot” with “cheap”. I think the bankruptcies have only just started and will stretch on for a decade.
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Where did you get this commentary? I don’t see it on his email
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I was debating soooooo much about Square - I think it is the future but it feels so overvalued right now. It’s current EPS implies a higher market cap vs PayPal which has not been hit as hard by COVID.
Hopefully it will drop a bit but definitely looking to buy again in the future
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Is his email free?
Can anyone sign up?
Indexes may be forced to add Tesla
Not surprised
he put a trade alert to buy msft
Pretty bleak day for big tech
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No Open Trading Positions.
Managed to find this:
https://madhedgefundtrader.com/my-newly-updated-long-term-portfolio/
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What positions and weightings does he hold in his portfolio?
As at July 22 2020. I sold my 35% gain in SQ but interesting he’s holding on
| Healthcare | 25% |
|---|---|
| PFE | 5% |
| BMY | 5% |
| AMGN | 5% |
| CELG | 5% |
| CRSP | 5% |
In his update he mentions “My 5% holding in Biogen (BIIB) was taken over by Bristol Myers (BMY) at a hefty premium at an all-time high, so I’ll take the win.” I think he means CELG was taken over and so he must have 5% in BIIB still
| Tech | 30% |
|---|---|
| FB | 5% |
| PYPL | 5% |
| GOOGL | 5% |
| AAPL | 5% |
| AMZN | 5% |
| SQ | 5% |
| International | 10% |
|---|---|
| BABA | 5% |
| EEM | 5% |
| Banks | 10% |
|---|---|
| JPM | 5% |
| BAC | 5% |
GLD 10%
FCX 5%
FXA 10%
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Last nights update
I’m no way an options trader and nor hope to get into it but you can pick his current positions for insight
He is Long in CSCO, MSFT, and ADBE each with August Bull Call Spreads
No Short positions as he thinks Fed is stopping markets falling
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I have enquired about his ‘longterm investor insights for shares, sectors and etf’s’. I believe it’s a twice yearly report. Will post any relevant info later on 
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Do you know what the report is called and when sent out? I can see if I can dig up
His latest report was the Post-Armageddon Report published June 30 2020
How can you sign up to receive these reports? Can only find the daily hot tips
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I kinda see him a lot like the motley fool articles (with the obvious exception he is one person) - clearly knowledgeable, but he is mostly punting his chargeable services - so I read his emails, but take them with a pinch of salt at times. Also US centric so not much use for emerging markets, UK etc
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