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Portfolio and Positions Update, August 9th, 2021

As requested, this week instead of the What to Watch, we will be going on my long term buy and hold positions. I'm not adding new alerts this weekend, as we already have plenty and I want to see how the market reacts to Monday's opening bell. The closer we get to September, the more conservative I become. Check out Friday's blog update for more specifics on latest alerts and positions.


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Long Term Buy and Hold Positions (Commons Only)

$SOXL is my biggest position, but not on purpose. This is a 3X semiconductor ETF that I when I first bought into, was the same weight as other positions in my account. However, with how well it has done this year, it is now my largest position. If you want leveraged exposure to the semiconductor industry, or if you are looking for something to swing trade, I think that this is a good fit.

$TECL is my second largest position. It is a technology sector ETF that is also leveraged by 3X. It is no surprise that tech has and will do well going forward, therefore I see this as a good opportunity. If you are expecting a recession or major bear market, this (or any) leveraged ETF isn't the right investment tool.

$TQQQ is probably my favorite, and I will be cutting down the first two on this list and adding more to this one. Indexing has been a controversial method of investing among value investors, however most of those opposed (notable investors) have billions of dollars, tons of resources, and are very old. Good ole' T triple Q has done me well. The 3X Nasdaq ETF is obviously heavy in tech. Remember don't have a portfolio to heavy in any sector.

$UDOW is a Dow Jones 3X ETF, that acts as a nice balance, and almost a hedge, to my tech and growth sections of my portfolio. Of course, the Dow went on a nice run this year, even though it lagged behind last. Don't count it out.

$UPRO is an S&P 3X leveraged ETF. I know that so far this is a lot of leveraged ETFs, but I think there is a time and place. I look at it this way, if you are OK with the volatility, these are great instruments for you. They are diversified. And after all circuit breakers halt trading on the nation's stock markets during dramatic drops and are set at 7%, 13%, and 20% of the closing price for the previous day. The circuit breakers are calculated daily. This investment strategy won't work in a bear market.

$O is my retirement fund. The real estate investment trust pays monthly dividends of 4%-4.5%. It is similar to owning rental property and collecting rent checks. The old I get the more I will add to this stock. So far I don't own much.

$ARKK is one of my favorite and has decent exposure to $TSLA. I own, $ARKG, $ARKX, $ARKQ, and $ARKW too. These are high growth plays, and not for everyone. I know Cathie Wood gets a lot of heat most of the time, but in my honest opinion she's doing a great job. Most people are short term minded, and are only looking at the YTD, but you need to 'zoom' out on the graph and look at the 5 year+. This is not a position I recommend putting your entire balance into.

$COIN provides good exposure to the crypto industry. Coinbase is the second largest crypto exchange by volume in the world. They play by the rules and are regulated. I don't have a large position because I have other crypto exposure.

$SCHD is the last one that I currently own. It is a good dividend ETF that I would consider relatively safe. I'm taking profits on the above volatile positions, that will probably be correcting soon, and moving some money into more safe dividend stocks and ETFs to prepare for a late August, or September market wide cool off.

There are other smaller positions that I have but aren't notable enough to mention. Email me with any questions that you may have. This is just my portfolio, and it has done well for me. There is a right time and place for leveraged ETFs and growth stocks. However, there is a lot of negativity around them. I don't buy into it, and in fact SOXL is more of a 5X ETF.

I didn't include my options, short or long term, as I write about those almost every day.


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Disclaimer: The comments opinions and analysis expressed herein are for informational and educational purpose only and should not be considered as individual advice or recommendations. is not responsible or liable in any way for opinions expressed here. This is not meant to be financial advice as we are not a licensed financial advisor.

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