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I trimmed iShares Bitcoin Trust ETF (IBIT) yesterday, and, while it did fall subsequently, it has rallied back. I am reducing it again to add a new position in a different TIPS ETF, the iShares TIPS Bond ETF (TIP). I am also adding again to LTPZ. The trades: Sell 100 IBIT at 36.23 Buy 25 TIP at 108.20 Buy 25 LTPZ at 49.35 The Updated Model Portfolio:

I trimmed it on June 25th at a higher price, and it is lower now by more than the dividend that was paid as long-rates have ticked up. I am boosting PIMCO 15+ Year US TIPS Index ETF (LTPZ): The trade Buy 75 LTPZ at $49.64 The updated model portfolio:

I still like it, but I am reducing iShares Bitcoin Trust ETF (IBIT) at a profit, just shy of the open gap from June. There is one from much higher in May that is still open, and Bitcoin remains very beaten-up. The Trade: Sell 100 IBIT at $36.12 The Updated Model Portfolio:

What a strange week! A Friday holiday, which is rare and not even the day (the 4th of July is tomorrow, but the stock market is closed today), a big wedding (I wasn't invited, lol) and a 250th birthday celebration of the USA. I still remember very well the 200th, when I was 11 years old. Last week, I discussed the changes ahead with my coverage of the ETFs, and I did detail those changes in the June Review. A Look at the Market The State Street SPDR S&P 500 ETF (SPY) advanced

Q2 was a very good one for stocks. In fact, it was the best quarter since the big rally after the pandemic hit and plunged stocks in 2020. Stocks are up in 2026, though they are performing very differently than they have been over the past few years. During Q2, I closed my two cannabis-related businesses, and I have been a lot more focused on ETFs and stocks. I began to write about ETFs during 2025, and I launched an ETF model portfolio at the end of the year. This is the fir

I added it last week when I exited a small-cap ETF, and I am replacing Invesco S&P 500 Equall Weight ETF (RSP) at a profit with a purchase of S&P MidCap 400 Dividend Aristocrats ETF (REGL). The trades: Sell 20 RSP at $212.42 Buy 40 REGL at $91.87 The updated model portfolio:

Last week, I discussed the challenge of holding a position that remains attractive but has rallied substantially and faces a short-term risk, explaining why I had reduced a great equity ETF. This week, I exited it. A Look at the Market The State Street SPDR S&P 500 ETF (SPY) fell Monday, gapped lower Tuesday, and pulled back during the rest of the week, ending down for the week. It has increased in price by 6.9% and has returned 7.5% with dividends. Bonds remain under pressur

When I added to it recently, iShares Bitcoin Trust ETF (IBIT) became larger than it had ever been in the model portfolio. Today, it posted a new 2026 low, and I am boosting it again with the cash I raised earlier. The trades: Buy 100 IBIT at $33.33 The updated model portfolio:

I continue to think that it makes a lot of sense and to like it, but I am trimming PIMCO 15+ Year US TIPS Index ETF (LTPZ) again. For now, I am adding to cash. The trades: Sell 50 LTPZ at $51.32 The updated model portfolio:

I have loved this equity ETF and still like it a lot. I began the year with 15% exposure to it. It is at a new all-time high, and I am exiting ProShares R2000 Dividend Growers ETF (SMDV). I am adding back a new position in Invesco S&P 500 Eql Wght ETF (RSP) The trades: Sell all 65 shares) SMDV at $75.86 Buy 20 RSP at $208.88 The updated model portfolio:

On June 11th, I extended from Vanguard Short-Term Inflation-Protected Securities Index ETF (VTIP) to PIMCO 15+ Year US TIPS Index ETF (LTPZ) in my model portfolio. Today, I am trimming LTPZ and also reducing Vanguard Short-Term Treasury Index ETF (VGSH) to add to VTIP. The trades: Sell 35 LTPZ at $51.06 Sell 40 VGSH at $58.16 Buy 85 VTIP at $50.11 The updated model portfolio:

Yesterday, I trimmed a very large position, but I didn't sell enough! Today, I am buying more iShares Bitcoin Trust ETF (IBIT) at a lower price. Bitcoin, is down, but so are other precious metals. Today, I am reducing at a small loss some of the Vanguard Short-Term Treasury Index ETF (VGSH). The trades: Sell 55 VGSH at $58.11 Buy 100 IBIT at $35.38 The updated model portfolio:

I continue to be cautious on stocks, and typically Utilities perform well when the market is under pressure, but I am not so sure that this will be the case, as Utilities are sensitive to interest-rates, which remain high and are likely to rise. I am reducing State Street Utilities Select Sector SPDR ETF (XLU) and boosting ProShares S&P 500 Dividend Aristocrats ETF (NOBL), a reversal from a trade on June 9th at a profit on the XLU. The trades: Sell all (100 shares) XLU at $4

I added to iShares Bitcoin Trust ETF (IBIT) on Thursday, and it is bouncing today. The position is quite large, and I am reducing it in favor of more PIMCO 15+ Year US TIPS Index ETF (LTPZ). The trades: Sell 50 IBIT at $36.94 Buy 35 LTPZ at $50.84 The updated model portfolio:

It is not in the index that I am trying to beat (60/40), and it is very large in my ETF model portfolio, but I am boosting iShares Bitcoin Trust ETF (IBIT) again at a lower price than yesterday. I am funding this purchase the same way, by trimming Vanguard Short-Term Treasury Index Fund ETF (VGSH). I would sell some stock ETFs to fund it, but I am already very low equity exposure. This is my second pre-market trade in a row. Bitcoin has been pulling back, while precious meta

I have trimmed it twice, and iShares Bitcoin Trust ETF (IBIT) falls outside of the index that I am striving to beat (and beating soundly), but I am boosting it now below my last trim level. I am funding the trade with a reduction in Vanguard Short-Term Treasury Index Fund ETF (VGSH). I am doing this trade pre-market, which is rare for this model portfolio, but IBIT has gapped down. The trades: Sell 60 VGSH at $58.22 Buy 100 IBIT at $36.63 The updated model portfolio:

I added this ETF when it fell sharply, and it kept falling. I have already trimmed a bit, and now I am selling more iShares Bitcoin Trust ETF (IBIT) on a fill of a gap from earlier this month that has left a gap below. I am boosting Vanguard Short-Term Inflation-Protected Securities Index Fund ETF (VTIP). The trades: Sell 50 IBIT at $37.83 Buy 35 VTIP at $50.36 The updated model portfolio:

Last week, I warned to be careful with small-cap stocks, and they actually did rise slightly this week. A Look at the Market The State Street SPDR S&P 500 ETF (SPY) did bounce back from a big sell-off earlier during the week to end up for the week, though it is down month-to-date. It has increased in price by 8.8% and has returned 9.1% with dividends. Bonds remain under pressure, with iShares Core US Aggregate Bond ETF (AGG) now returning just 0.2% with dividends included, wh

I think that it is very cheap still and likely to rise, but I am reducing iShares Bitcoin Trust ETF (IBIT) above where I recently added it on Tuesday (at $34.82) but below my average purchase price of $37.34. I am adding to Vanguard Short-Term Treasury Index Fund ETF (VGSH). The trades: Sell 50 IBIT at $36.14 Buy 30 VGSH at $58.20 The updated model portfolio:

I had recently reversed a trade from 5/26, adding to PIMCO 15+ Year US TIPS Index ETF (LTPZ) after reducing Vanguard Short-Term Inflation-Protected Securities Index ETF (VTIP). I am doing it again at slightly better prices. The trades: Sell 50 VTIP at $50.34 Buy 50 LTPZ at $50.47 The updated model portfolio: