Our portfolio updates for the week ending on December 6, 2024 are as follows.
PFE Sold
Our limit from last week for PFE hit in the retirement portfolio. We sold all our shares in this pharma giant because PFE is lagging in AI.
We believe AI and pharma are going to be a huge macrotrend moving forward, and PFE is falling behind. We exited after holding it for 11 months and ended up only up 7%. This money will be used better elsewhere.
Investing PFE’s Proceeds
Speaking of elsewhere, the PFE proceeds have gone into AIPI. You should know why from our rationale from last week. It holds shares of AI stocks and writes covered calls to generate income.
The macrotrend of AI domination, plus the ability to generate income from said domination, equals “Yes please, I’ll have some of that!”
>> Last Week’s AIPI Rationale <<
PDI Sold
In the Van Life Portfolio, our limit for PDI was hit. We sold all of our shares of this awesome bond fund.
It was vastly overvalued, so we’ll take our 30% gain in a fund that we bought when everyone was like, “NOOOOOOO bonds are icky”, and put that money to work elsewhere.
Investing PDI’s Proceeds
The proceeds from PDI were split between AIPI and PHT. I wanted to get the AIPI position up to about the same size as the FEPI position size, which we now have.
Additionally, we’re not anti-bonds, PDI was just overvalued and PHT is like 15%-20% undervalued when compared to historical data.
Investing PDI’s Proceeds
BTI is getting kinda shaky. If you’re in it, it may be time to take some profits off the table as the margins have gotten very bad the past 2 quarters.
We put in a limit order to sell half our shares at $39. As I write this, it’s trading around $37.75. (We got some feedback to include prices, so I’ll be doing that going forward.)
So there is a ways to go. If it sells or I adjust this price, I’ll let you know.
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