Author: Brendan Ruchert-Dixon
Covestor model: Alpha Trapper
Disclosure: Long ASFI
May turned out to be a great month for the model, as it was well-positioned to benefit from the major commodity correction that occurred early in the month.
Moving forward, I see potential risks in a variety of asset classes, so I’ve reduced a few of my holdings a bit. If some segment of the market swings too far up or down and creates a better opportunity, I’ll have cash ready to deploy.
One place I do see opportunity is in debt collection company Asta Funding (NASDAQ: ASFI), which I have tracked for years in personal accounts but only recently added to the model. I discuss my reasons for my purchase in more detail in a recent post to Covestor’s blog.
Sources:
“Here’s why I bought Asta Funding” Covestor Blog, 5/30/11 https://investing.interactiveadvisors.com/2011/05/heres-why-i-bought-asta-funding-b-ruchert-dixon-asfi
