For January my IRA increased 2.4%, relative to an increase of 4.4% in the S&P 500. A large cash position for most of the month and a portfolio under-weighted in equity were the primary reasons for the relative under performance. That said, my intent was to remove some of the volatility in my portfolio by over-weighting corporate bonds and cash. The goal is to hit singles and doubles for now and look for pullbacks in the market for opportunities, as well as attractive investment themes.
Currently my portfolio allocation is as follows:
~35% Corporate Bonds
~23% Cash
~18% Domestic Equity
~24% Other
Included in Other are ETFs that reflect changes in Gold prices, move Inverse to the S&P 500, Leveraged 2x to price movements in Natural Gas, and Leveraged 3x to the price movements in Silver.
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