Everyday Finance

Calling It Quits on Gold, Platinum - It's Time to Go Financials!

The results speak for themselves. UYG has more than tripled since my entry on 3/17.

We all know markets over-react and in financials, they have done exactly that. On March 17th, I entered the Financial sector with the UYG 2x Leveraged ETF (everydayfinance.blogsp...) . SA neglected to include some of the links in my initial article from my site which further outlined the rationale and background. Regardless, since 3/17, that stake has returned 35% vs. 10% for the S&P500.

I played the commodities boom for over a year now (granted, missed some initial upside but still enjoyed market-beating performance), captured some gains and still have some exposure to tar sands (SU), copper (PCU) and Australian commodities (IAF). My point was that I'm no longer ultra-heavy and/or leveraged on Gold and Pt.

Regarding stimulus check, many of the experts in the field that make too much for the package are pushing actively managed funds that fail to even meet the performance of the major indices, so I don't see how income level has any bearing on investment ideas/advice. I am not certified in financial planning or investing, which I make clear in my profile/site, but it's not uncommon for me to educate my friends and family that majored in Finance and Economics and/or currently work for major brokerages. (Over-generalizing, but) many generally know what their firm is pushing and aside from that, they don't have much interest in alternative investments and the market in general. I'm sure you'll learn something on the site you didn't already know, whether you agree with it or not.


Have a good weekend; off to go spend some stimulus on vacation!

Dan at EverydayFinance