Now that we have rung in the New Year, now is a good time to take a look at your portfolio and make some adjustments. But, before you start buying and selling, you need to know what to buy, what to sell and what you should have on hold.
So with that in mind, let's take a look at a few Exchange Traded Funds you may want to buy, a few you should sell, and a couple that you should have in your hold or watch list.
What To Buy
In 2016 one of the top-performing ETFs was the Direxion Daily Regional Banks Bull 3X Shares (PACF:DPST). DPST rose more than 114% in 2016 due to its exposure to regional banking stocks, and of course is three times bullish leverage. And while most of the time I would tell you not to follow a trend from one year to the next, 2017 is going to be different. The banking stocks rose in 2016 for a number of reasons, but mainly because the economy grew stronger and interest rates rose.
There are no signs at this point indicating that neither of those trends will cease to continue in 2017, so ride this trend.
Ok, let's slow down and understand why this trend will continue to work. Continue reading "ETFs to Buy, to Sell, and to Watch in 2017"