Almost a month ago I sold a lot of my Cryptos and bought Stocks. I did it because I wasn’t happy with the direction Bitcoin was taking and saw a lot of risks in the market. There was (and still is) a lot of mania and I was looking for relatively a safe place to park some wealth over the festive season.
As it turned out I missed the big rally in early December and I also missed the big correction in late December. To be honest, I am glad to have missed that volatility. What we are seeing in the market today though is some consolidation and renewed optimism for the New Year of 2018. So I am once again looking to re-balance my portfolio, but before I do I thought it was worth having a look at my stock portfolio to see how it has fared over the last month.
If you recall I broke my portfolio into Innovation and Defensive Plays :-
Innovation Plays
| Sector | Code | Weight | Bought | Current | Change |
|---|---|---|---|---|---|
| Medical Marijuana | AC8 | 5% | 0.69 | 1.59 | +130.4% |
| Lithium Mining | PLS | 5% | 0.96 | 1.195 | +24.5% |
| Gambling | TBH | 5% | 0.335 | 0.37 | +10.4% |
| Drone Technology | DRO | 5% | 0.19 | 0.21 | +10.5% |
Pretty good performance across the Innovation Plays with an average gain of just over 43.9% in almost a month thanks mainly to the performance of AC8. They shot up after the Federal Government of Australia announced that they will allow manufactured cannaboid medicines to be exported. The whole Medical Marijuana sector has had a big boost from this news, but AC8 still looks to be a standout in the sector. It might be tempting to take some profit here but then it also might still have room to run so I will watch it closely.
Defensive Plays
| Sector | Code | Weight | Bought | Current | Change |
|---|---|---|---|---|---|
| Gold Mining | NCM | 12% | 22.16 | 23.29 | +5.1% |
| Gold Mining | NST | 10% | 5.83 | 6.05 | +3.8% |
| Gold Mining | EVN | 8% | 2.39 | 2.62 | +9.6% |
| Consumer Staples | WOW | 30% | 26.76 | 27.26 | +1.9% |
| Aged Care | REG | 10% | 3.75 | 3.54 | -5.6% |
| Aged Care | JHC | 10% | 2.18 | 1.995 | -8.5% |
The performance of the Aged Care shares is really a bit disappointing and they have dragged down my average gain to just under 2.4% for the month but it’s still showing a profit mainly due to the good performance of the Gold Mining stocks. Gold has had a great run over the last week or so and has broken through the psychological $1300 USD barrier convincingly so I’m optimistic Gold will continue to rise. I don’t really know why the Aged Care shares are down, they are probably just being weighed down by continued poor sentiment for the sector which will turn around sooner or later.
I’m not seeing any urgent need to rebalance my share portfolio and a lot of these investments are long term plays. However, I can see some confidence returning to the Crypto markets and I have picked up some ETH and EOS plus I’ve made a few smaller speculative plays in the last week. I am still very wary of Bitcoin and it’s high fees, but it has been dropping market share and I am very happy to see ETH getting more trading pairs on the emerging exchanges. It looks like the alt-coins generally are decoupling from BTC somewhat. These are very positive signs for me as it indicates the market may be maturing and shedding it’s dependency and linkage to BTC.
DISCLAIMER – This information is for general information only and should not be taken as financial advice. I am not a financial adviser and I encourage all readers to seek independent financial advice before investing in any of the above stocks.
Images and Credits
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