Rebalancing 21 May 2020

For almost all decisions regarding increasing or decreasing a position in our US portfolio we use a proprietary software. Today, this resulted in the following changes.

We reduced our position in Lowe's (LOW) at a price of about USD 120.79 per share. The average unit costs for the shares was USD 96.45. This represents a capital gain of about 25%. This is a satisfactory result for a position that we started in August 2019 only.

Again, we also reduced our position in Carrier Global Corporation (CARR) at a price of about USD 19.29 per share. The average unit costs for these shares was USD 14.465, so this is a capital gain of a little over 33%. This, too, is a very good result given this position started only on 03 April. The CARR position is quite interesting in that between 03 April 2020 and 28 April 2020 our software suggested increasing this position several times at price up to about USD 16.90. From 30 April our systems started to create several sell signal with prices starting at USD 17.68 and then increasing to USD 19.29 today.

One of the position swe increased today was Technology Select Sector SPDR Fund (XLK). We started this position on 15 May and increased it several times including today. As of today the average unit costs are at about USD 95.70. As always we intend to hold this position for at least 10 years if not longer, although we may increase or decrease over time based on our algorithms.

Hormel Foods Corporation (HRL) was the other position we incresed today at a price of about USD 46.10. This is also an interesting position in that our systems created several sell signals between 19 March 2020 and 02 April 2020 at prices between USD 46.70 and USD 48.50. Today our algorithms changed its mind and send a buy signal.