Things have been chugging along in the markets. As regular readers may have noticed, I have been fairly inactive in my posts on this blog. My work has been very demanding lately and I havent had enough time to dedicate to write new posts and share with you. In fact, I havent been able to follow the markets either….which isn’t a bad thing….taking a break from the lunacy of the stock and bond markets allows me to focus my attention elsewhere.
Outlook for May 2017
May is also slotted to be a very busy month for me personally, so I will simply be making my regular contributions to index funds and not really try to make any drastic moves.
The big news that has affected my portfolio in the month of April was the moves made in GDXJ — where the ETF company decided to add a big exposure to the senior miners even though the fund’s mandate is to focus on junior miners. As a result, the fund has seen tremendous outflows and has rocked the junior mining space. As a result, most of my portfolio has taken a beating over the month and provides some great investment opportunity. Keep in mind, that the metal prices are still up and nothing has changed in any of the copmanies’ fundamentals. As a result, there are plenty of pickings available for ppl looking for position initiation and/or addition.
My current exposure to the space is outsized and I am comfortable with that exposure. I dont imagine buying more, unless an unpassable opportunity comes up.
Looking for some investment ideas? Be sure to check out the Top 2017 Investment Picks from the blogging community.
Our current portfolio looks like this:
As it stands, our portfolio diversification is as shown below.
What is your outlook for May 2017? What are your thoughts on the stocks mentioned here? Do you own them or are they on your watchlist? What do you think of the current market levels and buying here? Make sure to leave a comment below.
Disclosure: Our full list of holdings is available here.
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