Weekly Market Update #5

The Weekly Market Update's goal is to give you some insights on the stock market, some visibility on my portfolio, and my decision-making process.

Graph of the week

As you know, I believe Gold is a great asset to have in its portfolio. Last week I discovered iShares Gold Trust (IAU), which is another Gold ETF.

IAU has smaller fees than SPDR Gold Trust (GLD). The chart shows it performs a little bit better than GLD.

GLD vs. IAU: Head-To-Head ETF Comparison

Check out the side-by-side comparison table of GLD vs. IAU. It compares fees, performance, dividend yield, holdings, technical indicators, and many other metrics that help make better ETF investing decisions.

ETFdb.comDebbie Carlson

I decided to diversify and invest in both ETFs.

Markets & portfolio update

Another green week. Everything is going up.

MACD is optimistic; however, RSI indicates that some assets (BTC and CQQQ) are over-bought. It is not a surprise as they are both the best-performing assets I track:

Despite the RSI sell signal, I won't reduce my positions in BTC and CQQQ. They drive my portfolio's performance, which is still over-performing the market (by a lot):

Actually, I will increase my position in CQQQ. So far, it represents about 12% of my portfolio, I plan to invest as much as 20% in it.

Bitcoin is now a large portion of my portfolio (almost 12%), and I don't plan to sell anything before $100k. I am very bullish on bitcoin (and other cryptocurrencies) for 2021.

I also opened many (small) positions last week:

• 6185, GLUU, TMV.DE, 02688.HK, HTBX, AYTU are opportunistic trades. I added a 20% trailing stop-loss to limit my risk.
• Altcoins' bullrun seems to have started, they are are expected to catch-up with Bitcoin growth. I decided to catch the wave by investing in ADA, XLM, TRX, NEO, ETH. As you can see everything has been profitable already. (I also added a stop-losss on these risky trades).
• I invested in Silver (following the buy signal from last week)
• I increased my position in QQQ and INDA.

I closed a few positions:

Oil is performing very well, I sold a small chunk of my position. I will continue to do so in the future. Most of the profit that could be made on Oil already realized.

I don't believe in the potential of WELL anymore (real estate ETF), so I sold the position.

One-to-one (zoom) meeting

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What I am reading

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The Investment Strategy That Makes Your Life Easier

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