Tuesday, August 31, 2010

Portfolio Update August,2010





In my 401k account I moved all of the money from ITRIX to VIFSX. I have held ITRIX(T. Rowe Price Capital Appreciation) since January 2009. It is a balanced mutual fund with value oriented managers. The reason for selling it was that it has 25% of its assets in treasuries and bonds. In my opinion both are overvalued presently. I bought VIFSX more out of dislike for other MF`s than liking for VIFSX. Its a low cost index fund tracking S&P 500.  Besides that I did a round trip trade in Amedisys stock which I have explained in one of the write ups before.

Basically it was a pretty uneventful month.

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