We are holding SPDR Gold Shares (Symbol: GLD) and removing Lockheed Martin Corp (Symbol: LMT) from our previous update. We are adding 3 additional companies this week. The model is also signaling a 37.5% cash position.
We are adding Boeing Co. (SYMBOL:BA) The closing price on January 16, 2023 was $214.05
We are also adding Starbucks Corp. (SYMBOL:SBUX) The closing price on January 16, 2023 was $107.02
Our last addition for this update is Vanguard FTSE Emerging Markets index Fund ETF Shares (SYMBOL: VWO) The closing price on January 16, 2023 was $42.17
The model is slowly adding more risk based on a strong start to 2023. It will be interesting to see if we can hold up through earnings season.
Thank you for putting your trust and time into my ability to create a model that will hopefully add value to all of us. I've started this journey in 2000 as a Nasdaq Market Maker. I also worked as a Proprietary trader, Financial Advisor and currently I manage a hedge fund. I have learned many lessons throughout my career and still continue to learn to this day. I look forward to sharing my experiences with you via this newsletter.
Best of Luck!