Monday 29 May 2023

Bought some RBTZ for my Superhero portfolio

My 'play' portfolio (where I dabble in a bit of 'active' stock/fund picking -- and usually get it wrong) hasn't performed particularly well since I started trading last year. The portfolio is down 4.64%, and would have been a lot worse if I hadn't closed out my SQQQ position in January. The agriculture produce ETFs haven't done as well as I had expected -- with CORN down 2.52% since I bought it in August '22, and WEAT down by a massive 23.94% in the same period. The only investment that has made a slight profit is the iShares U.S. Aerospace & Defense ETF (ITA) which has gained a modest 3.26%.

The Superhero account had USD$164.89 (proceeds from closing out the SQQQ position, and some minor dividend payments) cash doing nothing, so I decided to speculate on and AI ETF. My initial pick was the THNQ ETF, but that doesn't appear to be availble to trade using the superhero app, so the next best ETF I could find was RBTZ which is an Australian Betashares ETF. So I transferred my USD available funds back into AUD, ending up with A$248.62 available to invest. (The foreign exchange fee was about 1%). I've placed a 'market' order to purchase RBTZ, which will be filled when trading resumes. Last price for RBTZ was A$12.59, but the price I get could be higher or lower than that. Overall my portfolio in the Superhero trading app is:



The price of RBTZ has already shown a spectacular rise over the past 8 months, so I might just be getting in before a major correction, but this sector does seem to have considerable potential in coming years.

BTW, if anyone is thinking about opening a trading account with Superhero, using this link with provide a bonus of $10 worth of Tesla shares if you deposit $100 within 30 days of opening the account: https://superhe.ro/r/ralph4993

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