Thursday, August 11, 2011

Sold Some Defensive Sector Holdings Today

Our Swiss Franc ETF (FXF) was stopped out today.

I also sold our gold ETF (GLD)  and our 10 year treasury ETF (IEF) today. They are currently slipping after reaching over bought levels. These type of parabolic gains are unsustainable. I am sure we will revisit these great investments again before long. I just might add that no one ever lost money taking a profit.

This blog post does not constitute an offer of investment advice. This blog is only provided for educational purposes. Please read the Important Blog Disclosure posted in the right channel bar.

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