IBOV had a terrible week, opening at 50.8k points and closing at 48.5k points losing -4.5% in just 5 days... Downward trend and things can get worse...
I'm increasing the amount I invest in brazilian treasury bonds (such as LFT) because it is paying 14.25% per year risk-free. How is this possible? Inflation... For brazilians, this is terrible because central bank is increasing the interest rate to try to control the inflation. BUT, if you are a foreigner investor, this makes a lot of sense. So, I imagine that the big funds are getting the money out of the stock market and buying treasury bonds.
This is what I'm going to do this week!
We have an excellent track record because we only invest in stocks that we believe they will go up. In 2 years, we got more than 75% of profitable trades. In 2015 we got more than 80% of profitable trades and IBOV is down in the same period.
This week, we sold our 3 positions in PSSA3. The first one with aprox. 30% of profit, which is amazing! Why not holding more time? Because I think there is too much risk... Also, we sold our positions in EQTL3 for the same reason. We will buy these stocks again when we see a great opportunity.
These are the stocks that we still have in our portfolio
% IBOV (in the same period)
BRFS3 +10.9 -6.3
BRFS3 +11.4 -7.2
GETI3 +13.8 -15.1
BRFS3 +9.7 -9.2
VLID3 +0.5 -10.0
CTIP3 +3.4 -9.9
Have an excellent week!
Leo.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment