Trade Alert – Equity Model Only
As we move into Q3, we have started doing a bit of portfolio rebalancing to align the portfolio closer to our benchmark index. While we are still too underweight in technology, we will have to await a correction to rebalance that exposure as needed. For now, we are taking a slow approach by selectively rebalancing portfolio positioning opportunistically.
NOTE: We made an error in the previous trade alert, saying we bought 90 shares of MO. It should have been 29 shares.
Equity Model
- Reducing CostCo (COST) to model weight of 3% of the portfolio.
- Trimming Abbott Laboratories (ABT) to 2.5% of the portfolio (we were overweight healthcare relative to the benchmark index.)
- Increase Altria (MO) to 3% of the portfolio to increase yield in the portfolio.
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Lance Roberts is a Chief Portfolio Strategist/Economist for RIA Advisors. He is also the host of “The Lance Roberts Podcast” and Chief Editor of the “Real Investment Advice” website and author of “Real Investment Daily” blog and “Real Investment Report“. Follow Lance on Facebook, Twitter, Linked-In and YouTube
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