SYNOPSIS
Last week was a reversal of the previous one, with one week improvements among all the major indexes that we report.
Trading Activity… We sold 3 positions in the ProfiTrend Portfolio last week. The annualized growth rate for the PTP is now 76%, compared to 147% the previous week. Yes, a big drop, but the good news is that we sold a very large position with a 281% profit! More on that below, but our current 76% still compares favourably with -2% for the S&P 500 and +17% for the S&P/TSX Composite Index companies. With our long time winner out of the race, it’s not surprising that the average of our remaining contenders will drop, especially since we’ve only held them for an average of 3 weeks!
Topic of the Week… Are You Working Your Investment Accounts to the Max?
Although money management and investing are obviously related, they also have some pronounced differences. Furthermore, one can be very good at one or the other, but not necessarily at both. This week we want to step aside from investing per se and review the ins and outs of the accounts you use to manage your money. Recent studies show that many investors may do well at trading stocks, but don’t really understand the full opportunities available to them in the different kinds of accounts they have set up.
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With apologies to those who are already well-informed on these matters, this week’s discussion is intended for the majority (according to the surveys) who clearly are being misinformed or at least ill-informed by their financial institutions about the options available in the accounts they’ll set up for you.
Seasonality… We repeat the most common calendar effects that you might expect in February in text format, and include two videos from Brooke Thackray, our typical source for calendar effects. Lately Thackray has been putting his thoughts out monthly on YouTube… one video on the markets in general, and one on sectors. Check them out and see if you agree with his opinions.
State Street Investor Confidence Index… The latest data for the month of January are included. The results are showing that the “smart money” is pouring into stocks like crazy! Biggest jump in the index in four years!