2022 has been a humbling investment year. None of my investment strategies did particularly well. The best returning portfolios were mostly in cash. Even money invested in CDs lost market value due to interest rates going up, though I will recover principal value when the CDs mature.
It's time to try something new.
Still working on the specifics of the trading strategy. An overview is the strategy will use groups of ETFs that cover the S&P500, Long Term Bonds, Gold, Real Estate and Commodities plus short term money market instruments. The portfolio will hold 0 to 100% of each group and equal weighting of each group when more than one group is involved.
Buys and sells will be executed weekly either Friday close/after hours or Monday open/premarket. I will run a trial in both a taxable and non taxable account. The taxable account will use a great number of ETFs to avoid wash sale issues.
Monday, December 12, 2022: Buy 100% short term money market mutual fund, with yield at around 3.50%
For more on New Beginnings, check back every Sunday for a new segment.
This is not financial nor investment advice. Please consult a professional advisor.
Copyright © 2022 Achievement Catalyst, LLC
Subscribe to My Wealth Builder
No comments:
Post a Comment