Nothing I post is to be interpreted as a recommendation to buy, sell, or hold. I’m sharing updates to a proprietary portfolio model that is only owned by investors who have already been qualified as suitable for a growth strategy. Without knowing you, I have no way of knowing what strategy or level of market exposure would be suitable for you.
In the blog post on January 21st, I wrote about how volatility creates opportunity, and the opportunity at that time was an attractive entry point for additional shares of Apple. The Mainsail Equity Model maintains a long-term position in Apple while holding cash to deploy at opportune times. With intention, we deployed some of that cash to acquire additional shares of Apple, expanding our position to become temporarily overweight in order to capitalize on the Apple dip.
While the Mainsail Model will maintain its original long-term position in AAPL, today it was time to capture gains by selling the shares we purchased last month to free up cash for the next opportunity. Since it’s Valentine’s Day, I’ve drawn hearts to mark our recent entry and exit points on the AAPL chart. The portion of cash we deployed captured a 10.9% gain while it was put to work.
Historical data tells us the next two weeks of February are predictably choppy in the stock market, so we’ll be looking for a new opportunity to present itself. If it does, the cash position in the Mainsail Equity Model will be ready for it.
This update only pertains to a proprietary growth equity model at Northshore Wealth Management and should not be construed as an investment recommendation. Investing in equities involves risk and may not be suitable for everyone.
Happy Valentine’s Day. Stay warm and enjoy this three-day weekend.
Northshore Wealth Management 