I sold half positions on a big tech stock and a big industrial name. I had planned to sell some of a consumer name but held off for now.
I reduced exposure by about 2% or 3% but the reduction in domestic exposure is more like 5%. I hope I an wrong and the market rallies up over the next few days. I have a couple of other ideas about what to sell, though. I am thinking that starting strong tomorrow and finishing weak will trigger another sale but I will let you know.
Disciplined baby steps.
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2 comments:
Roger, what's your thought on the correction (hopefully!) taking place in Brazil the last couple days? Time to load up some more?
there are a couple different things going on with all of latam right now. A lot of stocks and ETFs are noticably cheaper. I wrote about this region the other day both here and on Real Money that I had reduced a little exposure about a week or two ago.
There feels like there may be a little more room on the down side but anyone that is interested in diversification should own some here regardless of what direction the next 10% may be in...my opinion.
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