I also added an additional 25% equity position in the GWM Core Equity Folio.
The size of the positions taken and the risk assumed is dependent upon your chosen GWM Model Portfolio.
The market has declined for 5 or 6 days now, creating a buying opportunity. We still might get a sell-off early next week if our elected officials don't come to a resolution over the weekend on the debt ceiling problem. If they don't get a deal done by Monday or Tuesday the market will force them to get it done or face more ridicule.
My job is to manage risk, not to avoid risk. New protective stop loss levels have been calculated and set in place.
Because we have made it through this correction relatively undamaged we are better prepared to spend a little account capital and mental capital to take advantage of the situation.
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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