August Watch List

02 Aug 2018 00:05
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I overhauled my watch list and removed stocks that I already have a full position. I also changed the format a little as I now use the U.S. Inflation Beaters Index as my source for equity stock picks and also added the inflation beat statistic to the Real Estate section of my watch list.

So here we are in the dog days of summer and it usually brings with it some interesting volatility swings as so many investors and traders are on vacation and volume drops. Though in this new world of robo-advisers, ETFs, and artificial intelligence I wonder if we will see the traditional August slumps and bumps.

Equities

Equity prices inched up yet again placing most of my watched items outside my buy zone. The lone exception is Leggett & Platt (LEG). I have enough cash this month to make one buy and if the markets remain stable I will probably increase my stake in LEG.

Real Estate

For a very brief moment in July REIT prices retreated and I picked up a position in Iron Mountain (IRM). Unfortunately that window was closed quickly and prices have since recovered. Unless interest rate fears creep in I may not make a REIT purchase this month.

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