Last week, I discovered that Fidelity now offers a lower-cost knockoff of what Foliofn offers. As as experiment, I’ve been running an equal-weight basket of gold miners. The price of gold is down on the day. But the miners are rallying, and my basket is out-performing its included benchmarks of GDX and GDXJ.
Today’s results:
My basket, +2.39%
GDXJ, +2.33
GDX, +1.55%
GLD, (-0.22%)
Fido offers some ready-made baskets. But I’m thinking to put together some more of my own to track industries/sectors/themes that interest me.
Charlie