100% Cash
As of Wednesday this week, I am 100% in cash. I missed on the 2nd day bounce but after seeing my international fund drop 16% since I first got into the position and my small cap fund hit my stop-loss mark of 10% the previous day, I had enough. That’s a hefty loss on 30% of my portfolio. I’m up a couple of percent on the remaining 70% of my portfolio. I really should just figure out how much I’ve loss since the beginning of 2006. June has been a pretty bad month to be in the market. I’m looking for some Bear market funds to get into. Here are the funds I’m monitoring:
RYSHX
RYCWX
RYMHX
URPIX – I’m specifically watching this closely since this is a complete inverse of the S&P 500. From what I understand, for every 1% S&P 500 drops, this fund hedges twice as much. Unfortunately, if the S&P 500 rises like yesterday, you will lose twice as much. I haven’t got into position yet only because the 70% of my portfolio is parked in a rollover IRA where they don’t give you the choice of other fund families. I will be moving to Scottrade soon.
