Hi Alton, Wish I had seen your comment about starting with $6250 for a position. I started one, USO, with too much, $9900, and it almost immediately dumped 3.5%. And I bought almost at the 52 week low as well as the 2 year low! I guess energy has not hit its bottom yet. I wonder how much longer it will continue to go down? Even OXY seems to be taking a hit.
In order to have a diverse portfolio I want to keep each position below ~$12k. So I have the 80/20 ratio but that may not be enough given how volatile energy has been. Fortunately I have a dual pool for reserves, one specific for a given position and a joint one for use where it might be needed. If divided out it would be around 26% per position but by keeping it separate it gives me a bit more flexibility for the unforeseen,
BTW, SFGate.com has a sector ranking from Bloomberg on Sundays. Between looking at the out of favor sectors they also list biggest losers for the week.
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