We remain fully invested in our MM International Portfolio with a cash position of just 6%, plus importantly we remain bullish. The portfolios have enjoyed a solid start to 2021 and at this stage we are happy to sit back and enjoy the wind through our hair!! so to speak but although we do expect the MSCI World Index to make fresh all-time highs in the coming months there will be some excellent opportunities for the Active Investor like ourselves, especially as all the stars are aligning for a 10-15% pullback this year – again no big call as the S&P500 has corrected 10% on average every 16-months since the Great Depression.
Again I have looked at potential moves for the MM International Portfolio, as is often the case we are likely to be quiet for weeks / months before pressing a number of buy / sell buttons in just a few days – subscribers should remain prepared especially if we are correct and 2021 continues to evolve as a volatile year. Last week I focused on a few of our underperforming positions, this week I have looked more in the winners enclosure.
