Get Your Shopping List Ready

You would think that an investment blogger would have had more to say during this recent financial turbulence. Well I didn’t, until now.

Anything I had to say I said in January and again in June. I was right. Why repeat myself? If you need hand holding then you need to send me a check.

Today I closed my short ETF trades in DUG and DXD and pulled out my shopping list. Next week (not Monday! Lord no - I never trade on Monday) I’ll be looking to do a little long-term buying in mutual funds.

First - Long Term for me means 5-10 Years.

Second - A little buying means somewhere between 10% to 30% of what will eventually be a full (100%) position.

Remember - A full position should never be more than 10% of the overall portfolio. I like to keep it at around 5%.

Here’s My Shopping List. I’ll be doing some research over the calm of the weekend and I’ll post any additions if needed.

FFFDX - Fidelity Freedom 2020
FSPTX - Fidelity Select Financial Services
FSPTX - Fidelity Select Technology
NCT – Newcastle Investment Corp (Real Estate Investment Trust, REIT)

Now listen up, I my be a little early but the markets have pulled back somewhere between 40% to 50% depending on the time of day and they may very well have another 10% to 20% to go. We are oversold on nothing more than fear at this point. Monday could be very ugly, who knows. I do know that if you have a long term time frame there are some very good buys out there right now.