Today I did what many investors are unable to do – leave Russia with a profit.
A change today in the momentum portion of my portfolio:
Sold the Russian ETF, RSX, today at 34.30, a 9.24% gain after holding 3 months
Buy the US Small Cap Value Index, symbol IWN, at $68.34
Many analysts describe the market as overextended and due for a pullback. Don’t know if we’ll get out of IWN with a gain.
The momentum system is up 45% in the 9 months I’ve been following it. 5 of 6 trades profitable. Beaten the S&P 500. Good stuff.