All my funds came over from Vanguard last week into my Scottrade account. I finally positioned myself in the following ETFs: SHY, XLE, and GLD. Because Scottrade’s cash position did not have any money market that came close to the yield of 4+% from my old money market fund, SHY was a recommended position. Its basically some a bond fund consisting of US Treasury Notes yielding between 2.6-4.7%. Its a relatively safe ETF which pays out monthly dividends yielding about 4.2+%. I’m 75% in SHY while the remaining 25% was split between XLE and GLD. XLE is my energy play whereas GLD is my position in gold. Both XLE and GLD performed well today. They’re both poised for a potentially higher trend with both being above their 200 day MA and right at their 50 day MA as well as making newer highs. Sitting in cash in my 401K is rather dull, but I’m waiting for more positive signs to move into the right position.
It’s some pretty scary times if you’re in the market right now. I had to assess my own portfolio and found that I’m only down 0.31% since the start of the year. Not bad considering that I had some pretty big losses in my 401K account. Thankfully I moved to cash at a timely manner. Next step is moving my Rollover IRA into Scottrade so I can begin trading some Bear Funds. Oh yeah, there are finally Bear market ETFs. I’ll be monitoring those closely. Moving to Scottrade should also get me situated for the next Bull market. Hopefully I can reach my 20% annual growth this year. I’m 8% behind where I should be.
On a side note, I told you Miami was going to be the NBA Champions. Now if I was only this good in predicting the market… 
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.
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