Now may not be the time to enter into new programs.
GIEW is sitting at 31% Cash right now. Quite a bit higher than my average of 13% over the last 3 years.
I've averaged 25% cash this year to date but still seem to have managed over 38% overall growth in total portfolio value. If we have a Santa Claus Rally (BIG IF) I might could touch 40%. More than likely it will come in around 30%. Probably not less.
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