…well…it might take a couple days to clear, but the point is – A much higher fraction of my net worth is liquid and approximately only 20% invested.
Do I have plans for the loot? You bet.
I’m going to load up the boat on *HXU.TO. depending on the charts, market timing may vary. Enough to add a tiny bit of liquidity on the Montreal Option Exchange. I’ll be trading calls optimistically, essentially running an actively managed buy-write…which I will be switching over to an algorithmic managed buy-write (as soon as I finish the code and get a dedicated processor for it). I’m expecting +23% returns from this.
I’ll also be buying a much smaller position in SSO, planning on selling nearly at the money calls, or maybe i’ll scale in by writing puts-to-own. I’d like to steal +19% per year from this – should be doable if I stick to my policy of at the money front months and don’t get optimistic on the US.
The other list of stocks I’ll be buying include:
VCP (multiplier expanding returns, around the corner), MFC (15% + whatever calls I can scalp), XRAY (18%), and maybe a little TNH (no ceiling on expectations). Also want to take a second look at NTDOY, now that the fit is out.
I’ll be continuing to hold JCI (expecting 18% + multiplier expansion from 15 to 18 + whatever calls I can scalp), CCJ (no ceiling on expectations), CPA (no ceiling on expectations), AAPL (26%), GOOG (22%), and SVC.TO (I’d like to get out of the red before 2009).
I want to save a little cash for adding the right “green” play that comes along or “rice equilibrium” play, or maybe something else – on the cheap.
I may skip on TNH and instead just buy that agriculture ETF, I forget the symbol right now…it just launched…I realize I’m late to this party.
I’d also like to add some exposure to South Africa or Latin America…likely it’ll be through an ETF.
I’m curious what you would do if you suddenly had a bunch of spare cash you had to put to work.
I’ll also be investing in things to improve my productivity: 40″ 1080p LCD HDTV + 2 x19″ Monitors all driven by an Intel Quad Core, 2 TB raid array hard drive with 8 GB of RAM + blue ray and 8 channel sound. 
*Note, in original post I wrote HXD.TO – that was a mistake, it’s fixed now.
take a pic and post it when you get your new computer set-up. thanks, jason
hahaha…will do. I’m building it myself, I’m still ordering parts…I’ll probably get it finished by late May.
Lat. Am. ideas, ERJ and TX (after the Chavez BS is over). Had never heard of VCP before.
Would you expand on your buy-write strategy in another post?
Last, Thursday to brainstorm the show. I’m available that afternoon and all night.
Ross,
1. thanks, I’ll check ‘em out.
2. Happily…stay tuned
3. Great – that’s perfect timing for me, all the chaos going on should be wrapping up.
ILF is another idea for latin america, mainly brazil and mexico. holds a lot of the main names like PBR, RIO, BBD, ITU, AMX, FMX. all of which I’m a fan of. This one has more % of holdings in these top names
then there’s the more “index” one that has alot more names in it, EWZ for brazil specifically.