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The news was quite interesting this week, as Treasury Secretary Bessent boosted bond repurchases, sparking a rally for a day in Treasuries. The market fell this week for stocks. Last week, I discussed why I am not that interested in Fidelity ETFs. A Look at the Market The S&P 500 has returned 12.9% with dividends included, and the price is up 12.3% for SPDR S&P 500 ETF (SPY) in 2026 so far. This leaves the market on track to post a return for the full year below 20%. At the s

Trading and investing are different, but they can overlap. I continue to view Bitcoin as a highly speculative investment that could work out, but it is not in my index. I am exiting the iShares Bitcoin Trust ETF (IBIT) that I bought yesterday at a profit today. The trade: Sell all (100 shares) IBIT at $36.50 The updated model portfolio:

Driving this trade is the gap up in ProShares S&P 500 Dividend Aristocrats ETF (NOBL) to a new all-time high. I am trimming it, and adding to iShares Bitcoin ETF (IBIT) again. The trades: Sell 20 NOBL at $58.50 Buy 25 IBIT at $35.80 The updated model portfolio:

I exited it last week, and it has dipped. I am adding a small amount of Bktcoin back through the iShares Bitcoin ETF (IBIT). The trade: Buy 75 IBIT at The updated model portfolio:

I added it last week, and it is up. I am exiting iShares Bitcoin Trust ETF (IBIT). Bitcoin is not in the index, and IBIT, which I have held in line with my concerns about inflation, which is well covered with my TIPS exposure, has gapped up today. The trade: Sell all (100 shares) IBIT at $37.53 The updated model portfolio:

It's a little higher than it was yesterday, when I trimmed it, but I am selling some more ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and buying iShares Bitcoin Trust ETF (IBIT) again. The trades: Sell 25 NOBL at $57.94 Buy 100 IBIT at $35.56 The updated model portfolio:

I am selling the rest of iShares Bitcoin Trust ETF at a profit. It's not in the index I aim to beat, but it may keep rallying. I am taking the proceeds and boosting iShares TIPS Bond ETF and also Vanguard Short-Term Inflation-Protected Securities Index ETF (VTIP) again. The trades: Sell all (100 shares) IBIT $36.67 Buy 25 TIP at $107.96 Buy 10 VTIP at $49.59 The updated model portfolio:

I almost added yesterday when it gapped lower, and now, after the gap up, I am reducing iShares Bitcoin Trust ETF (IBIT) again. The trade: Sell 50 IBIT at $36.12 The updated model portfolio:

I like Bitcoin, but it is not part of the index I aim to beat, and I am trimming iShares Bitcoin Trust ETF (IBIT), which is gapping up today and near resistance. The trade: Sell 50 IBIT at $36.44 The updated model portfolio:

While I like iShares Bitcoin Trust ETF (IBIT), it is not in the index that I aim to beat (and am beating!). I am reducing it to add to ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), which has filled a gap. The trades: Sell 100 IBIT at $35.50 Buy 35 REGL at $90.92 The updated model portfolio:

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 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

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:

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 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:

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: