At the end of March I decided to sell some of my equities and raise cash, also referred to as sell in May and go away. Summer is over and I think it’s time to buy equities again. But what to buy?
In May I assessed the performance of my investments during the prior 12 months. The (rather unsatisfactory) conclusion was that my portfolio had under-performed a simple portfolio of four ETFs: US equities; Canadian equities; bonds and gold. Accordingly, as I get back into equities I have decided to augment my existing stocks with two iShares ETFs: iShares Core S&P 500 ETF (IVV) and iShares S&P/TSX 60 Index Fund (XIU.TO).
- BUY IVV @ $147.10
- BUY XIU.TO @ $17.95
Let’s see if they outperform my equities, which remain:
- Power Corp
- Canadian Oil Sands
Writing today, 21st October, this trade looks like a bad call. IVV is $143.86 (down 2.2%) and XIU.TO is at $17.82 (down 0.7%).
As can be seen in the chart (below) it has been a very volatile month for these ETFs.