Diversification Update
I was way overdue for an update on my Current Portfolio page before today. I just updated my my list of stocks broken down by sector and then noted deeper by industry. This is an important table that I should keep updated every couple of weeks. This gives me a clear view of how diversified I am or how overloaded I am on each sector.
At just a glance I can see where I cannot allow myself to get in any deeper, such as Technology and Basic Materials. I doubled up on Shipping stocks within the Services sector, but I’m not too deep in on it from a dollar perspective. At least I know that I can’t open a new Shipping position until one or both of those are out. I also see that I have some room to find another Healthcare play to thicken up my exposure there.
DIVERSIFICATION Sector/Stock – Industry
Services
BNI – Railroads
DRYS – Shipping
TDW – Shipping
Technology
VIP – Wireless Communications
QCOM – Communication Equipment
AAPL – Personal Computers
NVDA – Semiconductor – Specialized (short naked calls)
Industrial Goods
CMI – Diversified Machinery
JOYG – Farm & Construction Machinery
BA – Aerospace/Defense – Major Diversified (short naked calls)
Healthcare
CELG – Biotechnology
Basic Materials
MON – Agricultural Chemicals
AA – Aluminum
FCX – Copper
CHK – Independent Oil & Gas
Comment by Zach
Thanks for the info and update, I really appreciate your information. I Noticed BNI. I have heard some really good things are in the wings.
Comment by AVERY
New to options investing with little capital. I’m looking for some help on direction in opening options trading account with low min. Do you have any suggestions?
Comment by Alex Fotopoulos
Avery, Before you start risking your savings, I think you should try to save $10k at a min. That’s what TD Ameritrade used to require. Other readers might have some other suggestions.
Since you have to buy in 100 share lots to sell covered calls you need a little more capital than it sounds like you are suggesting you have. Good Luck!