They say a picture is worth a thousand words so what do you think this one states?
The S&P closed down 2.95% today and while our PUTS are in the money now we are still holding on to them because we think there may be more blood over the next couple of weeks. Keep in mind that the Fed still plans on raising rates and the Russia-Ukraine situation isn’t under control. Oil is at $120 and that does not bode well for an energy hungry economy.
What we did do today is nibble at the market and purchase a few hundred shares in MPW as an addition to our defensive stock portfolio and a long term play on 60 million baby boomers retiring over the next 8 years. MPW is a medical property trust (REIT) that specializes in hospitals and currently pays a 5% dividend. We also INCREASED our position in SWM (industrial) since it pays a nice 5% dividend and is a great play on an industrial re-alignment from a post covid and post Russia world.
The month of March will be a key strategic indicator as to where we move over the next year and beyond so keep an eye out.
As always stay tuned and stay solvent…
[…] the Federal Reserve would be raising interest rates. We also knew stocks would sell off and we nibbled at the stock market in some key defensive stocks but have been patiently waiting for the Fed to […]