A short update

Because of time constraints I will only post a short update today. As I posted on Twitter below this morning:

I went short the S&P Futures when I woke up because they looked as awake as I was posting a few point gains in the morning. For us to have a real bottom we need to see some more panic and this is was not it.

Once the market opened I switched to shorting the S&P 500 tracking stock with the symbol SPY in order to be able to balance my portfolio a bit better than I can do with futures because of the contract sizes. When I used to manage money I bought or sold up to 500 contracts of the S&P 500 mini futures at a clip representing a trade value of $45 million in each trade, this is not the case now though for my private portfolio and thus the SPY give me more flexibility.

The market continued to drop but I did not see any panic in the marketplace so instead of covering my short for a nice profit during the midday in the US I kept it but instead bought some shares of Google (GOOG) to build my position there, I also added to my Nike (NKE) position.

The market then bounced and before the close of the day I shorted some more SPY to protect me against the Apple report (AAPL) which was due after the close and I am long a little AAPL. Apple was disappointing and tumbled 6 % in the afterhours market and tomorrow it set to possibly be a very negative day and I might end up covering some of my short SPY.

Apple is not very exciting and there is no catalyst for the shares but it is cheap.

Remember, we need more pain in the market for it to bottom out but the US economy shows strong signs with good numbers from Caterpillar (CAT) this morning!

A few more buys today

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I managed to make a few buys today starting with SAS in Sweden this morning which I think is a turnaround play. Then continued to add to some CMI and AAPL in the US during the day. I even had more bids in for CMI at 125 but it never got hit. I think that the emerging markets worries are overdone and that this market should be bought…just the right names.

As you can see the portfolio held up nicely even in the face of this decline, we are not swinging for the fences but grinding out returns carefully over time!

So, get some sleep and I will see you on Monday!

A few buys today

I managed to make a few buys today in GM, RHT and CMI. GM is really looking like it has found support at these levels.

Don’t miss the analysis of UA.

The portfolio now looks like this, still a lot of cash:

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How I made 41.21 % for my kids during 2013 without speculating

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The stock market year of 2013 is over and it is time to have a quick look at the results and then think about 2014. Until the end of 2013 I have managed individual portfolios for myself and my family by using Avanza and Interactive Brokers. This has resulted in paying a bit of unnecessary commission up until I realised that I could use our Bricknode platform to manage my own family funds from one single account.

During 2013 my largest gains have come from positions in Kinnevik, TeliaSonera, Facebook, ICA and Net Entertainment. No wild speculations has been made and the portfolios has not been fully invested at any time which I regret looking back.

When I evaluate my investments I use both fundamental and technical analysis together with some trading psychology which I have learned during the years. For my share investments I use my own method which I call the 4-step principle which I will describe in future posts. Keep an eye on the blog during 2014 because a lot of things are going to happen!

/S