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Update on my energy holding

Posted by Frugal on January 11th, 2008

I’ve sold some significant percentage of my energy holding.

I also sold a few deep-in-the-money naked call, since I’m expecting a fall in stock market in the first quarter.

Maybe I’m too scared. Or maybe I’m not scared enough. We shall see.

Holding onto almost all of my precious metal companies however.

I’ve also exchanged my AUD cash back to $US temporarily.

This year will be a roller-coaster ride.

I do intend to eventually increase my energy holdings back into about 50% of my portfolio value.

Mike Says:
January 13th, 2008 at 12:35 am
What is your rationale for converting AUD back to USD?

The USD is on a slow decline… and Australian economy is a commodity based economy. Commodities such as gold and natural resources are doing extremely well…
roy mitle Says:
January 25th, 2008 at 3:38 pm
Great site…I learnt a lot from it.

I want to invest in energy. But I don’t know how. Tried a lot to navigate your site but couldn’t figure it out. I invested in FSESX thinking thats energy but doesn’t seem to be the case, ie it got hammered in this stock martket carnage so where is it providing the diversification. Vanguard also has something in this area but I forgot the symbol.
roy mitle Says:
January 25th, 2008 at 3:38 pm
Great site…I learnt a lot from it.

I want to invest in energy. But I don’t know how. Tried a lot to navigate your site but couldn’t figure it out. I invested in FSESX thinking thats energy but doesn’t seem to be the case, ie it got hammered in this stock martket carnage so where is it providing the diversification. Vanguard also has something in this area but I forgot the symbol.