Many changes occurred in the Newton Portfolio this week. I sold down a number of positions, some for re-balancing purposes and others are tactical (TAA) in nature. I need to preserve capital. I saved several thousand dollars by this move, but I will not know if this was wise until the portfolio is back in balance. The problem with any Tactical Asset Allocation move is that one needs to be right twice. Once when moving to cash and then again when purchasing equities.
March 10, 2011 by