My 1st Million At 33 – yes, you can do it too

During the past 3 to 4 weeks, there were some changes in my portfolio if you have not noticed. The main changes are

1. My money manager sold out most of my pharmaceutical positions due to a Democratic win in the November election.
2. My money manager and I added more energy positions in natural gas companies and Canadian energy trusts.
3. I added some foreign equities.
4. I added NG which I may be selling anytime. This is the only precious metal position that I’ve added, only because I know it would not be volatile at all, but would be more event-driven. I’m pretty loaded in this precious metal sector, and I don’t plan to add more. If I do make any changes, it will be exchange of positions rather than adding more.

My cash has gone down somewhat, and it’s at about 10% of my portfolio value. Comparing to about 30% on 5/9/06, 10% is my historically low point, but certainly high by any portfolio management standard. I usually err on the conservative side, and the cash also includes any cash that I need to use daily.

I will be looking to add more US large cap once the current mini-correction is more complete. But if it doesn’t fall more, I won’t be adding anything, playing conservatively. My net worth has gone up somewhat due to my company holdings (which are usually correlated to the general stock market). I am hoping to liquidate some of these holdings at a higher price than current market price later on.

By the way, I’m still trying to catch up after a long vacation during which I visited my parents back home. This coming weekend, I will try to reply to all the past questions if I have not replied yet. Thanks for your patience.