When introducing Spilled Coffee I said that I would update you when I was making investment moves. These are the recent moves I’ve made in my actively managed portfolio over the past few weeks.
Zillow (Z) - Sold the rest of my position in Zillow. This was my play on the housing sector. Will be keeping my eye on this. It has real estate sector distribution potential with its iBuying, technology and great leadership.
Apple (AAPL) - Trimmed my position. The percentage of my portfolio in Apple had grown too big, so had to reduce it as apart of portfolio management.
Square (SQ) - Trimmed my position. Just like Apple, my Square position had grown too large and needed to bring the allocation size down.
DraftKings (DKNG) - Added to my position in DraftKings. Hit a level where I had a buy order in. Really like this company long term and it still only has a $22 billion dollar market cap.
In the midst of all time highs, I’ve continued to trim and lock in gains. I’d view it as basic portfolio management. It seems daily we are setting new all time highs in the S&P 500. So it feels like a good time to lock in some profits.
In combination with the all time highs, the other indicator I’ve been monitoring is the percentage of stocks above their 200 day moving average. Currently over 95% of S&P 500 stocks are above their 200 day moving average. Levels not seen since October 2009. This was covered in a recent story in the Wall St Journal.
Objective of my actively managed portfolio: My goal of this actively managed portfolio is to have fun investing in companies that I know, like and use. My measuring stick for how I am doing is to try and outperform the S&P 500. Here is how I have compared the last four years vs the S&P 500.
2017: Eric 24.6% S&P 500 21.8%
2018: Eric -1.4% S&P 500 -4.4%
2019: Eric 40.1% S&P 500 31.5%
2020: Eric 65.4% S&P 500 18.4%
Feedback please: I would appreciate some feedback on how often you’d like to hear about investing and the investment moves I’ve been making.
Disclaimer: This is not investment advice. You should not treat any opinion expressed as a specific inducement to make a particular purchase, investment or follow a particular strategy, but only as an expression of an opinion.