That can be viewed also as an opportunity to make changes.
- And change we did.
I have made a few changes recently to our portfolio that are significant enough to be mentioned:
- Cisco Systems (USA)
- Microsoft (USA)
- Volkswagen (Germany)
- Market Vectors Oil Services ETF (NYSE: OIH)
- Vanguard Health Care ETF (NYSE: VHT)
- Chevron (USA)
- Statoil (Norway)
- iShares MSCI Global Select Metals & Mining Producers (NYSE: PICK)
Which one stands out?
That's right... Volkswagen. Well, that's purely opportunistic position in a stock that I have once considered, but didn't buy at the time. I don't think we would be in there without the huge 40% drop following the emission scandal. Only time will tell how good or bad time this was to enter.
Otherwise this change is about shifting money from IT to other focus segments of ours: Oil & Gas, Health Care and Mining sectors.