It was a brutal day for metals and miners, with silver backing off almost (-30%). Losses of that sort always cause some panic and self-reflection. This is my EOD, mark-to-market for a demo account I’m running at Firstrade. I’m still profitable on the project, but nothing like I was earlier in the week.
Current plan? Sit tight. Today’s sell down was probably due to massive margin calls for the big boys and demands for delivery, not changes of fundamentals that would affect a small investor.
Wt P/L Objective 0.2% 7.05% US Stocks 1.6% 0.28% Internationals 3.2% 14.21% Energy 27.6% 0.24% Bonds 65.2% 84.08% Metals & Miners 2.1% 0.00% Cash 100% 42.84%
PS It might look as if I’m flat on the bonds, but avg CY is 9.4% and avg YTM is 7.8%. Those numbers aren’t guaranteed. But their happening is likely.