Further CI Portfolio update & useful information
By Compound Income / 27 April 2020
Just a quick note to notify subscribers to the Scores that I have found what I think is a suitable replacement for the non operational stock that was sold last week. It scores well and although it is not the highest quality play, I think it is should be a reasonably defensive play which is still in the main operating. It does look good value assuming their earnings do not take too big a hit although they have pulled their interim dividend like many others and it does have some debt. It is however well invested and in a recent update they suggested that even though it has debt they felt they had enough financial flexibility to see them through, but again like others they were reluctant to give any guidance. So subscribers to the Scores should check out the portfolio and transactions sheets for details after today’s update this evening after the market closes.
While I think we may potentially be approaching resistance and a possible reversal to what I would view to be a bear market rally, who knows – I could be wrong. In addition as I’m supposed to be seeing how the portfolio does against the market timing signal which went to negative / sell recently – I shouldn’t really be trying to time the market!
Talking of markets and levels etc. I mentioned someone that I follow in a recent post so I thought readers of this might find the following sources useful in this regard:
1) John Mauldin who I’ve followed since the early 2000’s I think it is. He does an excellent weekly e-mail focused mostly on Economics and markets which comes through on a Saturday in the UK and you can find his latest thoughts here and sign up to get that for free if that appeals.
2) An associate of his at CMG Wealth called Steve Blumenthal who I’ve followed in recent years also does a great weekly piece called On My Radar which covers economics, market valuations and technical outlook etc. which is delivered with a nice personal touch too.
This week he also referenced the legendary hedge fund manager, Ray Dalio who has also been generous in sharing his thoughts on Big debt crises and the rise and fall of empires etc, in relation to that more recently and is someone worth following too.
3) Lance Roberts at Real Investment Advice who seems to be quite good on the technical and valuation calls. His latest piece is called Is the Bear Market Rally Over – and makes for interesting reading too.
Any way I’m sure that is enough to be going on with for now. Mind how you go out there, stay strong, stay patient and healthy if you can, this will pass – we will get through this.
