ACTION ALERT: Sold BNDX In Favor Of BLV, RIET, VWOB
Upping my income and possibly capital gains.
Wanted to share a couple of minor adjustments I made this morning.
Without adjusting my current cash level, which sits just shy of 20%, I made a few adjustments to some income-producing assets in my portfolio.
Here’s a quick summary:
Sold all of my BNDX at $48.385
Added some BLV at $74.8775
Added some RIET at $12.064
Added some VWOB at $60.36
In short, these adjustments are reflections of the basic logic featured in yesterday’s article, linked here.
Also thought I would share a couple of other items while I am at it.
Based on concepts featured in this article, I have GTC limit buys in place as follows:
ITOT at 84.54, 82.78, 81.02, and 79.25.
IXUS at 53.90, 52.77, 51.65, and 50.53
In each case, the number of shares purchased is incrementally higher at each price point, meaning the lower the market goes (if it does), the more I am buying.
As you likely quickly realize, these two ETFs are very useful for such targeted purchases as they are proxies for the total U.S. stock market and total international stock markets, respectively. In each case, they represent prices 4%, 6%, 8%, and 10% below highs reached on the recent surge that peaked on 9/12. At the 10% level, we would be at roughly 3,600 on the S&P.
As a side note, the small GTC buys I initiated on ITOT and IXUS at 2% below those recent highs already triggered.
If the market does in fact dip that low, I will revisit my overall allocation at that point and decide what I want to do from there.
That’s all for now.
Third follow-up. The IXUS 50.53 filled this morning. As a result, the only open order from the series is the ITOT at 79.25.
Second follow-up. The ITOT 82.78 & 81.02, and the IXUS 52.77 & 51.65, were all filled yesterday, 9/23. Interestingly, the low of the day for ITOT was 80.99 before it recovered to close at 82.01. So my 81.02 order was filled at virtually the absolute low point of the day.