Interesting times, of which I’ve got plenty of opinions, but actions speak louder than words, and so I sold all of my position in Brookfield Asset Management (BAM) and shifted all of that into gold (IAU). My five stocks fared very well in comparison with the market overall, both during the correction and in the recovery since then.
So now it’s looking like this:
$245,364-ENERGY-CNQ-Canadian Natural Resources
$246,283-ENERGY-PBR-PetrolBrazil
$245,583-TECH-ORCL-Oracle
$298,532-GOLD-IAU-iShares Gold
$100,344-HEALTHCARE-RMD-Resmed
I don’t have time to break it all out, but here’s the last update prior to this one (Sell and Buy as of last night’s closing prices for BAM and IAU) – Around 3% right now over 6 months, but I’m confident in this strategy…we’ll see.