Quote from Butterball:
As Daal is the only one disclosing his entire allocation I also took a few mins to put together my asset allocation numbers.
As % of my net worth:
- approx. 130% long and 40% short equities for 90% net long
- 200% long bonds, mostly gov futs
Rest is minor positions 20% long commodities, long interest rate futures (Euribor & Aussie rates), short approx. 25% EUR. Will allow myself to get stopped out on major adverse movements and will ride whatever isn't stopped out into the summer.
For those who are willing to share, how are you positioned?
I look something like this (liquid only, not including RE etc):
- 11% in PMs (mostly gold)
- 17% with a few different mutf managers (mostly fixed income)
- 8-9% total in a handful of equity positions - long GDX, long GREK (small), short EWA (very small)
- Negligible % (<0.25) in long-dated GDX calls and AMZN puts (bought the latter after the recent earnings spike)
- Remainder (approx 63%) in cash.
I would like to increase my position in GDX either on trend change, or on further significant price weakness so long as gold holds up. EWA, I plan to increase on every technical failed breakout or TL break. I'm waiting to see how GREK performs on the next big leg down before increasing my position.
In theory I could live with a higher PMs allocation as well but for now I'm holding off for lower prices, or more clarity about the future course of money supply, Fed actions etc.
Otherwise equities strike me as a minefield. Might look to put around 10% of assets into some of those floating-rate Treasury notes, if they're indeed issued.
