The Closing Bell
June 22, 2012
I added/increased several positions today:
- Johnson & Johnson (JNJ) @ 66.68, filling out my health sector a bit more;
- Tate & Lyle PLC ((TATYY) @ 39.82, a food processing company with a nice dividend;
- Twin Butte Energy (TBTEF) @ 2.29, bumping up my annual yield; and
- JJG, an ETN (debt security) @ 47.68. Offered by Barclays, JJG tracks the DJ-UBS Grains Subindex, using Soybeans, Corn, and Wheat futures contracts. Alongside my equal position in DBA, JJG puts me overweight in these commodities.
The market was quiet today: the VIX down almost 10%, and nothing to indicate bearish commodity sentiment was changed. Curiously, IEF, TLT, and UUP all closed in the red.
Disclaimer: The EquityMan2012 portfolio is a real money portfolio. Tracking of its performance and comments on my buy/sell decisions is provided for the informational interest of family and friends. Others are welcome to follow. However, I am in no way qualified to offer investment advise, and nothing I say or that appears on ResourcefulStrategies should be construed as investment advise or a recommendation to buy/sell any of the securities I discuss.
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