[US Stocks] S&P 500 hits fresh daily highs again. Even with overall optimism, maintain a cautious stance and do not change investment approach.
Hello, Reiman (@Lehman1980) is.
The U.S. stock market has risen further over the past two weeks,
reaching record highs for six trading days in a row.
https://www.bloomberg.co.jp/news/articles/2020-08-28/QFSGD7DWLU6O01?srnd=cojp-v2
＜S&P 500 index closing price and record high 3508 (2020-08-28)＞
https://jp.investing.com/indices/us-spx--500-historical-data
Excluding the public sector, all sectors were solid. Large-cap stocks like MSFT and FB rose, and CRM surged more than 30% in a week.
Account summary for SBI Securities. (as of August 28 close)
Realized losses and cumulative profit/loss from dividends show a$3,700 loss.
Overall performance ratio has fallen below -4%,
Stock holdings are about $57k, and available funds (MMF) are about $38k, making the ratio 60:40.
With price appreciation and purchases, I aim to gradually target 70:30.
Stocks traded
Buy: ABBV (10) PRU (30→40) SPYD (600→650) VT (330→350)
Sell: PFE (90→60) RDSB (50→20)
As a sector-wide diversification, I partially sold PFE and newly purchased ABBV.
VT’s return is approaching 20%. I began gradually buying from the COVID-19 shock in March, and so far it has been smooth.
ABBV (Healthcare/Pharmaceuticals) dividend yield: 5.01%
This was the most profitable stock last year. I had sold it for profits during the COVID-19 shock.
Even if I still held it, the profit would have exceeded 40% (what-if scenarios aside).
Summary
The S&P 500 easily hit new all-time highs, and continued rising without a correction for six days in a row.
Truly, it feels like there is no turning back for those waiting for a rebound, and trend-following investors have seen substantial profits.
In the previous article I sold QQQ, so the tech sector is now limited to the portions included in ETFs,
and therefore I have not been able to accumulate large profits, but I will continue with my investment approach in a steady, low-key way without major changes.
Bonus
