Market Positions

I only have 3 market positions at the moment, and most of that is due to money availability. 

The first item that I put money in initially is my $250 position in ANOIX. This is a small cap growth fund managed by American Century. My original thought was that I didn't really want to pay the commission to invest in ETF's or anything like that, but a couple weeks out I thought about it and decided that the annual fee of 1.4% was too much for me, because I don't believe that I need my money to be actively managed yet (not until I'm filthy rich, ya know?). I'm using Sharebuilder as my broker, and unless I want to lose $50 for early withdrawal, I'm going to leave my money in there for the rest of the 90 days it needs to be in there before I take it out, but it seems to be doing pretty well in there so far, so I'm not complaining. 

Next, after I saved up some more money, I put $120 into 2 ETF's. The first is CSD, the Guggenheim Spinoff ETF. This invests its money into fairly new spinoff companies who are at least 6 months old, if I recall correctly. I wanted to keep my investments mostly in the small to midcap range, so I decided that this was a perfect candidate, not to mention the 50% return over the last year. 

Finally, I decided to put $120 into the ETF IWL. This is the iShares Russel Top 200 ETF. Despite my just saying that I wanted to keep my investments mostly in small to mid cap stocks, I realized that it's good to have some large cap in your portfolio as well. I picked this one because not only was it a decent performer at 26% over the last year and 16% over the last 3, but I wanted something that was going to pay dividends that I could reinvest.

Basically, my research has been limited to returns and a basic understanding of cap sizes. There are a few things that I plan on changing a little while down the line though. First off, I think that I'm going to move my IWL investment into MGC. This is the Vanguard Mega Cap ETF. It's the same investment premise, only it has a lot more trading volume to it and I will be a little more comfortable with that. As far as the $250 I put in ANOIX, I still haven't really decided what I want to do with that yet. I have also thought about the possibility of investing in DIA, which is the Dow Jones ETF. I'm not sure if I want to do that yet though because I already have some large cap exposure for the time being. I may end up putting it into a high yield bond fund. I like the idea of having dividends, and I know I need to diversify a little bit, as all of my positions are in US equity. Oh well, there'll be time for that later. 

Have a good day everyone, I gotta go

PDC