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January 2017 Portfolio Update

In 2016, I focused on building a cannabis portfolio while letting my other investments do their thing. If the market had crashed I would almost certainly have been caught with my pants down.

Thankfully this bull market rages on, despite record high valuations, increasing accounting gimmicks, and the most serious political devolution in American history.

So, somehow, I have been rewarded for my laziness. But that won't last forever. I am increasingly worried about a crash that will be as bad or worse than the last.

Some defensive moves I've made so far this year:

  1. Reduce equity exposure: sold all of my Bank of America (NYSE:BAC); some of my Apple (NASDAQ:AAPL), Ford (NYSE:F), and Johnson & Johnson (NYSE:JNJ).
  2. Increase cash: I expect a buying opportunity soon.
  3. Halt cannabis investment activity: after massive paper gains last year, I am overweight Canadian LPs. Not worth trading due to high transaction costs (commissions), so I'll sit and wait.
  4. Trump Trades. I like the idea of buying every company that the tweeter in chief attacks, but so far, I've only found the conviction to buy the health care ETF (NYSEARCA:XLV) on the day of his first press conference following the election.

Would love to hear your thoughts, comments, questions, etc.

Thanks for reading!