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Focusing on my long term fund SCET1, I've began with the belief that the downturn we were going through was to be short-lived. I bought heavily to take advantage of the climb back up.
While I have not changed my belief, I have taken more of a beating right off the bat than I had hoped for.
I have made some sector allocation adjustments, but I have not yet seen the indicators that this downturn is more than temporary. After the FED news this week I believe that we will be headed out of this dip.
A couple of notes of interest, I believe that the BBI/NFLX pricewar is about to end based on research, analyst discussions and some recent changes by BBI so I have purchased a small position in both because I see both rebounding this/next quarter as thy strive to keep shareholders happy.
I think that Technology and Energy will be the big sectors for the next 2-4 quarters and my positions reflect this. I have positions in Mining, Finance and Health for stability in the belief that no matter how bad things get (just in case my current view is incorrect) these will help offset other movement in the wrong direction.
While I have a not insignificant position Large Cap issues I have established the majority of my positions in the smaller issues and though not without risk I have focused on Growth/Blend to make this a more aggresive portfolio.
We'll see how things look this time next week.
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