Mid-February Update

Well, the markets are sailing along and all is good. All the stories for the last little while have been about the impending correction and it hasn't happened yet. That said, we are bound to have at least a 10% correction soon, although it may not come until May or June, as the typical summer slowdown sets in (last year, April was weak).

For now, I am up 2.1% YTD, so I am on target so far of my 2011 goal of 1% return per month. The overall markets have done better than that but I am never fully invested so my returns are a bit lower (and easier to stomach the ups and downs).

Currently, I am just over 60% invested overall (I was as high as 80% invested in early February). I currently own CP, FTT, G, HBU, HFU, HGU, L, LIF.un, PBN, PGD, PWF, SNC, T, THI, and TRP. There may be more stocks that I will be looking to buy next week as well, but I haven't looked at the moving averages yet this weekend. Monday is a holiday so there is no rush.

I will admit that the thought of a significant correction soon is a bit worrisome but I can't let it make me abandon my investment strategy (or I would have sold everything months ago, and missed out on the recent gains). For now, I will stay the course and just make sure I have stop losses in place for my largest positions.